Fidelity & Guaranty Life
Original Headquarters: Des Moines, IA
Purchased By: Anbang Insurance Group (Failed Acquisition)
Country: China
Fidelity and Guaranty Life Insurance Company makes millions of customers feel safer in case the worst happens. However, the company’s future was not always as guaranteed. F&G was completely owned by Harbinger Group until it was made public in 2013. Then, Anbang Insurance Group expressed interest in buying the company for $1.57 billion. Everything was ready to go until the agreement was canceled at the last minute. Instead, CF Corp bought F&G in 2017 for an estimated $1.84 billion.
Fidelity & Guaranty Life
Universal Music Group
Original Headquarters: Santa Monica, CA
Purchased By: Vivendi/Tencent
Country: France/China
Getting a record deal with Universal is a major accomplishment for any musician. UMG has a nearly century-long history as one of the world’s “Big Three” record labels, together with Sony Music and Warner Music Group. The corporation may have many outstanding local bands, but it has not been owned by Americans in years. Vivendi, a French business, had controlled the main ownership in the company for nearly a decade before reaching an agreement with Chinese company Tencent in early 2020. For $33.4 billion, the Shenzhen-based media conglomerate received a 10% split.
Universal Music Group
