News & Insights Across Asia
The Biden administration has delayed until June 2025 an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel, giving the companies time to revive the politically contentious deal.
Japan’s Nippon Steel and U.S. Steel have sued President Biden over the blocked $15 billion merger, alleging illegal interference. Analysts warn the move may deter global investments in the U.S.
Japanese steel giant Nippon Steel vows to continue its pursuit of U.S. Steel’s acquisition, challenging President Biden’s order blocking the deal and filing lawsuits against the U.S. government and rivals.
Nippon Steel and U.S. Steel have filed lawsuits against the Biden administration, accusing it of illegal interference in their proposed merger after the U.S. blocked the acquisition for political reasons.
U.S. President Joe Biden’s move to block Japan’s Nippon Steel from acquiring U.S. Steel raises questions about the complexities of global alliances and the safeguarding of strategic industries.
Nippon Steel has filed a lawsuit against the U.S. government after President Joe Biden blocked its acquisition of U.S. Steel, with accusations of political motivations.