U.S. President Donald Trump on Friday said Nippon Steel's $14.9 billion bid for U.S. Steel would take the form of an investment instead of a purchase, even as two sources familiar with the matter ...

Washington — President Trump said Friday that Japan's Nippon Steel will drop its $14.1 billion bid to acquire U.S. Steel and instead "invest heavily" in the company without taking a majority stake.

President Donald Trump on Friday said Japan’s Nippon Steel agreed to drop its nearly $15 billion bid to acquire U.S. Steel and will “heavily” invest in the company instead, ending a yearlong ...