Anbang-led consortium withdraws $14b bid for Starwood
A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
In a statement, it cited "various market considerations" for the decision. This comes only two weeks after Starwood terminated a prior agreement with Marriott in favor of Anbang's initial $13.1 billion...
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