merger

Allegiant Air and Sun Country complete merger, creating larger budget airline for travelers

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LAS VEGAS — Allegiant Air said Wednesday it has completed its purchase of Sun Country Airlines, finalizing a deal that combines two low-cost carriers at a turbulent time for the budget airline industry following the recent shutdown of rival Spirit Airlines. Las Vegas-based Allegiant said the transaction closed after receiving required regulatory and shareholder approvals. … Read more

Republican state attorneys general join lawsuit to stop $6.2B local TV merger

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Five more states are joining a federal antitrust lawsuit aimed at stopping the blockbuster merger between Nexstar and Tegna, a corporate tie-up that would create the largest operator of local television stations in the nation. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. California Attorney General Rob Bonta, … Read more

United Airlines CEO says he approached American Airlines to discuss possible merger

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United Airlines CEO Scott Kirby confirmed Monday that he approached American Airlines to explore a possible merger between the two carriers, a move that sparked concerns about competition in the airline industry. “I was confident that this combination, which would have been about adding and not subtracting, creating a truly great airline that customers love, … Read more

Warner Bros. Discovery shareholders approve Paramount Skydance merger

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The biggest media merger in years is inching closer to the finish line. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Warner Bros. Discovery shareholders voted Thursday to approve the company’s acquisition by Paramount Skydance, a tie-up that would unite two of Hollywood’s most storied film studios under … Read more

United Airlines merger with American Airlines would hurt consumers, senators say

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Two lawmakers are speaking out against a potential merger between United Airlines and American Airlines, saying a deal would weaken industry competition and harm consumers.  “If United and American were to merge, airlines would face less pressure from rivals to keep the cost of flying down, and airlines across the industry could raise ticket prices … Read more

Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled

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A federal judge has blocked a $6.2 billion merger of local television giants Nexstar Media Group and rival Tegna until an antitrust lawsuit is resolved. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. District Court Chief Judge Troy L. Nunley in Sacramento, California, made the ruling late … Read more

David Ellison vows Paramount–Warner Bros. Discovery merger won’t cut film output

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LAS VEGAS, Nev. — Paramount Skydance Chief David Ellison made a surprise appearance at CinemaCon on Thursday, assuring movie theater owners that the studio’s planned acquisition of Warner Bros. Discovery would not hurt the movie business. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “I wanted to look … Read more

United CEO floated idea of United-American Airlines merger, sources say

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United CEO Scott Kirby floated the idea to Trump administration officials of United merging with American Airlines, according to sources familiar with the situation.  That conversation with officials is surfacing now after Transportation Secretary Sean Duffy hinted the Trump administration was open to further consolidation in the aviation industry, but United would have a challenging … Read more