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February 11, 2020

Mall deal: Simon pays $3.6B for Taubman

  • Taubman Realty owns, manages or leases 26 shopping centers in the U.S. and Asia.
  • By MICHELLE CHAPMAN and ANNE D'INNOCENZIO
    AP Business Writers

    As mall-based retailers struggle to compete with the onslaught from online shopping, the companies that own and manage the malls are finding their own business models severely challenged.

    For the second time in as many weeks, there is a major agreement involving mall operators.


     
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