Treasury secretary Steven Mnuchin said ByteDance had committed to ‘create TikTok Global as a US-headquartered company’. Photograph: Chris Delmas/AFP

ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder, said people briefed o(...)

Oracle is the winning bidder for a deal with TikTok’s US operations. Photograph: Brent Lewin/Bloomberg

ByteDance has reached a preliminary “technical partnership” agreement with Oracle for TikTok’s US operations that does not include a full sale of the (...)

Uber Eats:  the company is  has access to  $8.2 billion of cash and cash equivalents, according to a filing last week. Photograph: Don Emmert/AFP/Getty

Uber has approached Grubhub about a takeover that would create the largest meal delivery company in the US at a time of surging demand from consumers (...)

Mason Mount of Chelsea celebrates after scoring his team’s second goal during the  match between Chelsea FC and Aston Villa at Stamford Bridge. Photograph: Mike Hewitt/Getty Images

A US financier who co-owns the Los Angeles Dodgers baseball team has tabled a takeover offer to acquire London’s Chelsea Football Club from Russian ol(...)

Pfizer has been trying to reposition itself as a smaller company focused on more innovative medicines and vaccines.

Pfizer is expected to announce on Monday that it will combine its off-patent assets with Mylan’s $10 billion (€9 billion) generics business in a stock(...)

Teneo chief executive Declan Kelly.

The Declan Kelly-led communications and advisory firm Teneo has been dragged into arbitration after having worked for both sides in the takeover battl(...)

Kraft Heinz took a $15 billion (€13 billion) writedown in February to reflect a decline in the value of some of its biggest brands

Kraft Heinz’s chief executive is leaving the food company after a profit warning that shook the global consumer goods industry. Bernardo Hees will be(...)

Vodafone, one of the world’s largest mobile operators, is close to buying large parts of John Malone’s European cable group Liberty Global

Vodafone, one of the world’s largest mobile operators, is close to buying large parts of John Malone’s European cable group Liberty Global in a deal w(...)

Amin Nasser, chief executive and president of Saudi Arabian Oil Company Saudi Aramco: The Saudi state oil company has struggled to select a suitable international venue for its shares

Saudi Aramco is considering shelving plans for an international listing in favour of a private share sale to the world’s biggest sovereign wealth fund(...)