close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
2 mins to read

Chinese withdraw bid for Starwood hotel group

A proposed merger to create the world's largest hotel group will now go ahead.

Nevil Gibson
Fri, 01 Apr 2016

In a surprise move, China’s Anbang Insurance Group has withdrawn its $US14 billion cash bid for Starwood Hotels & Resorts Worldwide.

The Wall Street Journal, quoting unnamed sources, says Anbang’s decision comes after it appeared close to securing Starwood’s agreement for a deal that would have

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Nevil Gibson
Fri, 01 Apr 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Chinese withdraw bid for Starwood hotel group
56924
true