U.S. President Donald Trump said Nippon Steel's $14.9 billion bid for U.S. Steel would take the form of an investment instead of a purchase on Friday, even as two sources familiar with the matter said the Japanese steel company had not withdrawn its bid.

President Donald Trump is suggesting that Nippon Steel will no longer buy U.S. Steel as planned, but the Japanese company will instead invest in the symbolically important American business.

President Trump is considering allowing Japan's Nippon Steel to complete its $14.1 billion acquisition of U.S. Steel, according to multiple sources. Approval of the transaction isn't definite, and Mr. Trump has not made a final decision, sources say.

U.S. President Donald Trump is considering allowing Japan's Nippon Steel to complete its $14.9 billion buyout of US Steel, CBS News reported, though Trump said Friday he hasn't changed his mind on his opposition to the deal.

President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.

President Donald Trump met United States Steel (X) CEO David Burritt at the White House on Thursday as Japan’s Nippon Steel (NISTF) tries to salvage a deal with the U.S. company. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.

President Donald J. Trump on Friday afternoon suggested Nippon Steel Corp. has agreed to invest in United States Steel Corp. instead of acquiring the Pittsburgh-based manufacturer as it has been working toward since December 2023 in a $14.9 billion deal blocked by then-President Joe Biden last month.

U.S. President Donald Trump said on Friday Japan's Nippon Steel will not buy U.S. Steel and would instead invest in the company, which would dramatically reshape the $15 billion merger bid that had been in negotiation for more than a year.

U.S. President Donald Trump will meet with leaders of U.S. Steel and FedEx on Thursday, ABC News reported, citing sources. Nippon Steel's bid to acquire U.S. Steel was blocked last month by then-U.S.