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What’s Next After Biden Blocked the $15 Billion Nippon Steel/US Steel Deal?

2025-01-04T011621Z_1831980218_RC2LY9A721E2_RTRMADP_3_U-S-STEEL-M-A-NIPPON-STEEL-OUTCOMES

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Reuters

13:48 JST, January 5, 2025

U.S. President Joe Biden blocked Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel citing national security concerns, in a potentially fatal blow to the deal after a year-long review.

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