Alka-Seltzer
Alka-Seltzer is one of the world’s most well-known and enduring brand-name pharmaceuticals. To start, this antacid and pain reliever drink was sold by Dr. Miles Medicine Company in 1931, now known as Miles Laboratories. In 1978, a German firm called Bayer purchased the company after it had been in American hands for some time. Bayer has a history of working with some of the world’s most prestigious pharmaceutical companies. With the help of GlaxoSmithKline’s “Strike Up A Conversation” tag line, they collaborated on a combined effort to increase Levitra sales in 2004.
The Chrysler Building
When The Wall Street Journal reported on the sale of the Chrysler Building in 2019, many people were taken aback. After all, it was regarded as one of the city’s most recognizable landmarks. However, it hasn’t been in the hands of a US citizen in a very long time now. A year later, for $800 million, the Abu Dhabi Investment Council acquired the company’s majority stake. A decade later, an Austrian firm called SIGNA paid almost $150 million for it. As soon as the news broke, it was widely reported as a massive loss in financial publications around the world.