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Marriott Acquires Starwood Hotels For $12.2 Billion

China Seeks 60-Day Review Extension for Marriott-Starwood Deal

Aug 10, 2016 11:28 AM EDT

China has extended its time frame for reviewing Marriott International Inc.'s proposed $14.6 billion purchase of Starwood Hotels & Resorts Worldwide Inc. by up to 60 days, the companies revealed on Monday.

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.

Xiao Yaqing, Chairman of State Owned Assets Supervision & Administration Commission

China to Consolidate State-Owned Firms to Prevent Massive Layofffs

Charissa Echavez |

Mar 13, 2016 03:40 AM EDT

China is planning to reorganize and merge the largest state-owned companies in the country in order to cut down overcapacity in the $18 trillion sector without seeing massive layoffs, a senior official revealed.