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China's Anbang Drops $14 Billion Bid Offer for Starwood Hotels

Apr 01, 2016 07:17 AM EDT

China's Anbang Insurance Group Co. dropped its $14 billion bid offer for Starwood Hotels & Resorts Worldwide Inc because of "market consideration," a surprise move just two days after the Chinese insurer raised its offer from $13.9 billion.

Marriott Inc. less likely to outbid China's Anbang for Starwood Hotels

Marriott Hotel Less Likely to Outbid Anbang - Analysts

Charissa Echavez |

Mar 21, 2016 08:20 AM EDT

Hotelier Marriott International Inc, may have to raise its bid for Starwood Hotels & Resorts Worldwide Inc. as it is less likely to outbid Chinese insurer Anbang, experts said.

China's Anbang is threatening Marriott's merging with Starwood Hotels

China's Anbang Challenges Marriott's Bid for Starwood Hotels

Charissa Echavez |

Mar 15, 2016 01:01 PM EDT

Chinese insurer Anbang continues on its shopping spree as it challenges Marriott International in a bid for rival hotelier Starwood Hotels and Resorts Worldwide with a staggering $14 billion cash offer, according to The Guardians.