The shaving startup’s planned sale to Schick razor maker Edgewell Personal Care officially collapsed on Monday after the U.S. Federal Trade Commission (FTC) sued to block the deal on antitrust grounds. Edgewell’s shares jumped over 25 per cent after it announced its abandonment of the takeover. (Financial Times, Bloomberg)

Talking point: Edgewell said in a statement on Monday that it would end its bid to buy Harry’s to avoid losing the time and resources “that a continuing court battle would entail.” Harry’s, which bills itself as “the shaving company that’s fixing shaving,” said it was “perplexed” by the FTC’s decision and was “disappointed” by Edgewell’s decision to pull out of the deal. Edgewell said Harry’s intention to sue had “no merit.” The entire ordeal could have ramifications for unicorns (and their investors) looking for one of the most surefire exit strategies: a sale to an established competitor.