mergers and acquisitions

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Plug Pulled on Potential Biggest Tech Deal Ever

Qualcomm rejects Broadcom's $103B offer

(Newser) - It would have been the largest tech acquisition ever, per CNBC , but Qualcomm is saying no thanks. It rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance. Further, Qualcomm said Monday... More »

Some Fear Trump Is Meddling in Merger to Target CNN

Sen. Brian Schatz wants an investigation amid allegations that DOJ wants network sold

(Newser) - Lawmakers are calling for an investigation into possible "political interference" amid accusations that the Justice Department is pushing for the sale of CNN before it will approve AT&T's merger with Time Warner. Sources tell Politico the DOJ gave the companies an "ultimatum" Monday demanding they drop... More »

2 of the World's Biggest Chipmakers May Merge

Broadcom offers $103B for Qualcomm

(Newser) - Broadcom made an unsolicited $103 billion offer for rival chipmaker Qualcomm, the tech industry's largest attempted takeover that is destined to come under intense regulatory scrutiny, the AP reports. The company said Monday that it wouldn't have pushed forward with the proposed buyout if it wasn't confident... More »

Sprint, T-Mobile Are Never, Ever, Ever Merging Again

Wireless carriers end talks after years of dancing around a merger

(Newser) - Sprint and T-Mobile called off a merger, reports the AP , saying Saturday that they couldn't come to an agreement that would benefit customers and shareholders after years of dancing around a merger. "The prospect of combining with Sprint has been compelling for a variety of reasons, including the... More »

Fearing Amazon, CVS Makes $66B Move

Pairing of an insurer with a pharmaceutical company 'makes a lot of sense' to some

(Newser) - It's more big news in the world of health insurance—and potentially for the wallets of consumers—though this time it doesn't revolve around the fate of ObamaCare. The Wall Street Journal reports that CVS has offered to buy giant insurer Aetna for $66 billion. Why? One big... More »

Cable Merger May Dominate Among Female Viewers

Discovery, Scripps merger combines Food Network, Travel Channel, Animal Planet, more

(Newser) - Discovery Communications will buy Scripps Networks for close to $12 billion, tying together two powerful stables of TV shows ranging from Animal Planet to the Food Network. The deal, announced Monday, puts the combined company in a strong position to draw female viewers, per the AP . The Wall Street Journal ... More »

Michael Kors Scoops Up Jimmy Choo for $1.2B

Handbag maker trying to step up its game in luxury goods market with high-end shoes

(Newser) - Shoes and handbags go together like … well, Jimmy Choo and Michael Kors, now that the latter has agreed to purchase the former for $1.2 billion, the Wall Street Journal reports. Michael Kors is looking to bolster its business with the luxury shoe brand as sales of its own... More »

It's Official: Yahoo Is No More

CEO Marissa Mayer posts a goodbye letter

(Newser) - It's official: Verizon has snatched up Yahoo in a long-anticipated $4.48 billion deal completed Tuesday that will see Yahoo CEO Marissa Mayer exit with a healthy payout. Mayer will walk away with $23 million, plus stock holdings worth $200 million, report Variety and CNBC . In a "goodbye... More »

Panera Gets a New, Big-Name Owner

Chain is scooped up by JAB, owner of Krispy Kreme

(Newser) - Panera, meet Krispy Kreme. The sandwich-and-soup chain Panera is being acquired by Europe's JAB Holding for more than $7 billion, reports the AP . JAB is better known for the growing stable of brands it owns or has a big stake in, including Peet's Coffee & Tea, Caribou Coffee,... More »

Verizon Wants 'Major Concessions' From Yahoo: Reports

It still might abandon the deal, add sources

(Newser) - Verizon is still interested in acquiring Yahoo after the largest data breach at an email provider—just not at the price initially agreed upon, a source tells Bloomberg . Verizon, which agreed to pay $4.8 billion for Yahoo in July, has a team exploring the possibility of a lower sale... More »

AT&T Pondering Huge 'Land Grab' Media Merger

Sources say firm is in talks with Time Warner

(Newser) - A new communications behemoth may be emerging soon: Insiders tell Bloomberg that over the last few weeks, senior execs from AT&T and Time Warner have been discussing strategies including a possible merger. Reuters notes that telecom companies like AT&T have been making a "land grab" for media... More »

Chemical Brothers: Monsanto Acquired by Bayer for $66B

Bayer AG is paying big bucks to acquire the seed and weedkiller company

(Newser) - After months of courtship, German drug and farm chemical maker Bayer AG has finally reached an agreement to buy US seed and weedkiller company Monsanto, in a deal valued at $66 billion, the AP reports. In a statement Wednesday, Bayer said it's paying Monsanto shareholders $128 per share in... More »

Microsoft Buying LinkedIn for $26B

Deal expected to close this year

(Newser) - Microsoft has just announced one of the biggest deals in its history, per the Telegraph . The company says it will buy LinkedIn for $26.2 billion in cash, or $196 per share—a 50% improvement on its closing price Friday, reports the Wall Street Journal . Microsoft says LinkedIn will "... More »

4 Things to Know About the $62B Bid for Monsanto

Bayer announces specifics of its bid

(Newser) - A German company, in a country that's definitely no fan of genetically modified crops, has offered to buy the world's biggest producer of the seeds they come from for $62 billion—in cash. Bayer on Monday said its offer of $122 a share is a 37% premium over... More »

Staples to Pay Office Depot $250M Breakup Fee

Merger is off after judge's ruling

(Newser) - Staples and Office Depot are scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies, reports the AP . The Federal Trade Commission had sought to block the merger of... More »

Comcast Just Bought DreamWorks for $3.8B

That's right—Shrek is marrying the Minions in possible bid to rival Disney

(Newser) - In animating news for DreamWorks, Comcast's NBCUniversal will scoop up the studio, behind such films as Kung Fu Panda and Shrek, in a deal worth $3.8 billion, the AP reports. The acquisition, which the Los Angeles Times says came together with "breathtaking speed," will result in... More »

Feds' Crackdown on Tax Dodges Kills $160B Pfizer Merger

New Treasury rules on tax 'inversions' squashed deal with Allergan

(Newser) - Allergan and Pfizer are calling off a record $160 billion merger after the Treasury issued new rules to make tax "inversions" less lucrative, the AP reports. The aggressive changes to US tax laws announced this week helped kill the deal, handing what Reuters calls a "major victory" to... More »

GM Teams With Lyft on Ride-Sharing, Driverless Cars

Detroit giant makes $500M investment

(Newser) - General Motors and ride-hailing company Lyft are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. Lyft said Monday that GM invested $500 million in the company as part of a $1 billion round of fundraising. GM gets a seat on Lyft's board... More »

2 of Nation's Oldest Companies to Create Chemical Giant

'DowDupont' is in the works

(Newser) - You've heard of Dow Chemical. You've heard of DuPont. Prepare to forget both as single entities: Assuming regulators give their blessing, the two will merge into one chemical behemoth to be known as DowDuPont. At least for a while. As the Wall Street Journal reports, the plan eventually... More »

Pfizer Leaving US in World's Biggest Drug Merger

It's combining with Allergan, based in Ireland, in $160B deal

(Newser) - The world is getting a new No. 1 drug company and the US is losing a giant: Pfizer and Allergan agreed to merge Monday in a deal worth an estimated $160 billion, reports Reuters . Pfizer makes blockbusters such as Viagra and Lipitor, while Allergan makes Botox. The deal will result... More »

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