Telecoms company AT&T said it anticipates that the pending deal to combine WarnerMedia’s media assets with Discovery Inc. will close by the middle of 2022. AT&T is in the process of unwinding its expensive media investments to focus on its original business of providing phone and internet services. It is combining WarnerMedia’s media assets with…
AT&T Anticipates Pending Warnermedia-Discovery Deal to Close by Mid-2022
Nuclear Submarine Deal Will Reshape Indo-Pacific Relations
September 16, 2021
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WELLINGTON, New Zealand—The United States, Britain, and Australia have announced they’re forming a new security alliance that will help equip Australia with nuclear-powered submarines. The alliance will see a reshaping of relations in the Indo-Pacific region and beyond. Here’s what it might mean for various players: United States Ten years ago under President Barack Obama,…
PayPal’s $2.7 Billion Japan Deal Heats up Buy Now, Pay Later Race
U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom. The deal tracks rival Square Inc’s agreement last month to buy Australian BNPL success story…
Deutsche Telekom Lifts T-Mobile US Stake in Softbank Swap Deal
September 7, 2021
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BERLIN/TOKYO—Deutsche Telekom has struck a share-swap deal with Softbank Group to increase its stake in U.S. unit T-Mobile and sold its Dutch unit in a major restructuring that strengthens the German group’s transatlantic focus. As a result of the two deals announced on Tuesday, Deutsche Telekom will raise its stake in T-Mobile US by 5.3…
Boy Scouts Get Conditional Approval of $850 Million Bankruptcy Deal
August 20, 2021
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DOVER, Del.—A bankruptcy judge on Thursday approved a proposal by the Boy Scouts of America (BSA) to enter into an agreement that includes an $850 million fund to compensate tens of thousands of men who say they were sexually abused as youngsters by Scout leaders and others. But the judge also rejected two key provisions…
White Sox, RHP Lance Lynn Agree to $38 Million Deal for 2022, 2023
CHICAGO—For Lance Lynn, it was pretty simple. “There’s no point in going into free agency if you know where you want to be,” he said. Lynn is enjoying his first season on the South Side of Chicago, and the White Sox feel the same way. So they solidified their relationship on Saturday, announcing a $38…
Nike Loses Fight Against EU Probe Into Dutch Tax Deal
BRUSSELS—U.S. sportswear maker Nike on Wednesday lost its fight to stop a probe into its Dutch tax affairs, as Europe’s second-highest court backed an EU investigation opened two years ago. The EU case was part of a crackdown on multinationals’ sweetheart tax deals with EU countries that Brussels says gives them an unfair advantage, among…
Israel to Ship 700,000 Pfizer Doses to South Korea in Swap Deal
July 6, 2021
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JERUSALEM—Israel is sending 700,000 coronavirus vaccine doses to South Korea in exchange for a future shipment of vaccines from South Korea to Israel. Under the deal, Israel will transfer the Pfizer vaccines to South Korea in an effort to inoculate more of the Asian nation’s citizens this month. South Korea will send the same number…
Suez Canal Says Deal Reached to Free Seized Vessel
CAIRO—The Suez Canal Authority on Sunday said it has reached an agreement to settle a financial dispute with the owners of a hulking container ship that blocked the crucial waterway for nearly a week earlier this year. The authority did not reveal details on the settlement deal with the Shoei Kisen Kaisha Ltd., the Japanese…
Minnesota Lawmakers Reach Deal on Policing Measures
ST. PAUL, Minn.—Minnesota’s top Democratic and Republican lawmakers reached agreement on the highlights of a public safety bill that includes police accountability measures, a day after former Minneapolis police officer Derek Chauvin was sentenced to 22 1/2 years in prison for the death of George Floyd. While some details had yet to be finalized, leaders…
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