mergers and acquisitions

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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 »

Walgreens Is Buying Rite Aid

For $9.41B

(Newser) - Walgreens confirmed Tuesday that it will buy rival pharmacy chain Rite Aid for about $9.41 billion in cash. The Wall Street Journal first reported news of the deal. Walgreens says it will pay $9 per share for Camp Hill, Pennsylvania-based Rite Aid Corp. That's a premium of 48%... More »

Deal Creates Beer Behemoth

2 biggest brewers plan $104B merger

(Newser) - The brewer of Budweiser and Stella Artois has announced an agreement in principle with SABMiller to take over the company and create the world's biggest beer giant. Anheuser-Busch said Tuesday it had increased its offer overnight for the world's second-largest brewer and that both boards "reached agreement... More »

Telecom Giant Nabs Cablevision in $18B Deal

'The time is right for new ownership of Cablevision,' company says

(Newser) - European telecommunications and cable company Altice has agreed to buy New York cable operator Cablevision for $17.7 billion, including debt. Altice announced the deal today before European financial markets opened, and Cablevision says the family-controlled company considered that "the time is right for new ownership of Cablevision."... More »

Dish May Merge With T-Mobile: 3 Reasons to Care

Purchase price hasn't been agreed upon

(Newser) - Today's merger rumblings: Dish Network and T-Mobile are in talks to merge, sources tell the Wall Street Journal . Though details, including a purchase price, have yet to be finalized, the companies agree that Dish CEO Charlie Ergen would be chairman of the combined company, while T-Mobile CEO John Legere... More »

Charter Strikes $55B Deal for Time Warner

Charter tried this before, but Time Warner said no

(Newser) - Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the US. As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion. Charter will... More »

Shell Buying BG Group in $69.7B Takeover

Oil companies look to consolidate as oil prices slump

(Newser) - Royal Dutch Shell has agreed to buy British gas producer BG Group for $69.7 billion in cash and stock, the companies announced today. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices. A joint statement said the boards... More »

Electrolux to Buy GE Appliance Business in $3.3B Deal

Purchase should be approved by 2015

(Newser) - Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies announced today. The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second-biggest home appliance-maker after US rival Whirlpool. GE confirmed... More »

Amazon's Big Buy: Site for Watching Video Games

Twitch brings together millions to view broadcasted gaming

(Newser) - Amazon just bought the fourth-largest source of online traffic in its second-biggest purchase ever, the Wall Street Journal reports—but you may never have heard of the service in question. Twitch is an online channel that offers video gamers a chance to watch each other play. Amazon reached a deal... More »

Burger King Goes Canadian With $11B Tim Hortons Buy

Merger would move company's base, save a bundle in taxes

(Newser) - Burger King is confirming an $11 billion buy of Canada's iconic Tim Hortons coffee chain that will create Earth's third-biggest fast-food company and settle its headquarters in Canada—where corporate tax rates are conveniently around 26%, compared to a basic rate of 35% in the US. The merger... More »

Dollar General Opens Bidding War

Makes $9.7B offer for Family Dollar, topping Dollar Tree's $8.5B bid

(Newser) - There's now a bidding war for Family Dollar, with Dollar General today offering about $9.7 billion for the discounter in an effort to trump Dollar Tree's $8.5 billion bid last month. Dollar General Corp. said today that it would pay $78.50 per share in cash,... More »

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