acquisition

Retail
Walmart, Oracle Get Tentative Approval For TikTok Deal

TikTok creator ByteDance has received tentative approval for an agreement with the U.S. government to resolve the outstanding issues about the involvement of China’s government in the original organization, which will allow Oracle and Walmart in partnership to acquire 20% of the newly formed TikTok Global business.

Retail
Marquee Brands Acquires Sur La Table

Confirming recent media reports, Marquee Brands LLC, a leading global brand owner, marketer and media company, has signed a definitive purchase agreement to acquire the Sur La Table brand and all related intellectual property.

Retail
Bed Bath & Beyond Completes Sale Of PMall

Bed Bath & Beyond has completed the sale of PersonalizationMall.com (PMall) to 1-800-Flowers.com, Inc. for $245 million, subject to certain customary post-closing adjustments. PMall will continue to provide product and personalization services to the company’s Bed Bath & Beyond and buybuy Baby retail concepts.

Appliances
Groupe SEB To Acquire Majority Stake In StoreBound

Groupe SEB has invested in StoreBound, which owns the Dash brand of kitchen electrics. The transaction is expected to be completed on July 31, 2020 and Groupe SEB will become the majority stakeholder in the company. StoreBound develops housewares focused on better living under brands including Dash, Sobro, Chef Geoffrey Zakarian and others. It was founded in 2010.

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