Business News Roundup, Dec. 13

Acquisitions

Westfield mall operator sold

Westfield Corp., operator of upscale shopping malls in the Bay Area and dozens of other locations in the U.S. and Britain, is being sold to French commercial real estate giant Unibail-Rodamco in a $16 billion deal, the two companies announced Tuesday.

Westfield’s 16 California locations include Westfield Oakridge in San Jose, Westfield San Francisco Centre and Westfield Valley Fair in Santa Clara.

Unibail-Rodamco owns and operates 69 shopping centers in some of Europe’s key cities, including Paris, Madrid, Stockholm, Amsterdam and Munich.