mergers and acquisitions

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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 »

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 »

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 »

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 »

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 »

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 »

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 »

New Real Estate Behemoth: Zillow Buys Trulia for $3.5B

All-stock deal may drastically affect real estate agents' livelihood

(Newser) - Apparently, we're starting the workweek with competitors eating each other for breakfast. First Dollar Tree announced it would be buying rival Family Dollar, and now real estate heavyweight Zillow is snatching up competitor Trulia for a hefty $3.5 billion, reports the AP . The all-stock deal will result in... More »

Now on Fox's Shopping List: Time Warner

$80B offer rebuffed, but Murdoch unlikely to give up

(Newser) - Rupert Murdoch's 21st Century Fox made an $80 billion bid to buy Time Warner last month, sources tell the New York Times , and while Time Warner replied with what's described as a "terse letter" of rejection, the sources say Murdoch is locked in and unlikely to give... More »

$27B Tobacco Merger Creates Cigarette 'Duopoly'

Reynolds, Lorillard to merge

(Newser) - Reynolds American, the maker of Camel and Pall Mall cigarettes, has agreed to buy Lorillard, the maker of Newport menthols, in a deal that will make it a strong second to Marlboro manufacturer Altria in the US tobacco market, the Wall Street Journal reports. Reynolds will pay a combination of... More »

Tyson Wins Hillshire Farms Sweepstakes—for $7.7B

Almost $1B more than rival Pilgrim's Pride offered

(Newser) - Tyson Foods has won the bidding war to buy Hillshire Brands, topping an offer from rival Pilgrim's Pride by almost a billion dollars, the Wall Street Journal reports. Tyson will pay $63 a share in cash for Hillshire, which makes Jimmy Dean sausages and Ball Park franks, among other... More »

Apple Makes Dr. Dre Hip-Hop's Richest Man

'Star-struck' firm pays record $3B for Beats Electronics

(Newser) - Apple has made the biggest buy in its history—and made Dr. Dre the richest man in hip-hop history. The company has confirmed that it is buying Beats Electronics for $3 billion, down from the $3.2 billion discussed earlier this month , reports Bloomberg , which notes that Apple is sitting... More »

YouTube Makes $1B Play for Game Streaming Site: Report

Company looks to acquire Twitch

(Newser) - YouTube is on the verge of a $1 billion-plus deal to buy Twitch, sources tell Variety . If you're not nerdy enough to know, Twitch is a popular destination for video game fans, where top players (or anyone, really) stream video of their play sessions. The company boasts that it... More »

AT&T Eyes $50B Play for DirecTV

Deal may complicate Comcast merger

(Newser) - AT&T is in active talks to buy DirecTV for around $50 billion, multiple outlets are reporting, with the deal potentially coming in a matter of weeks. The move could have implications for Comcast's purchase of Time Warner, because anti-regulators may want to look at both deals together, the... More »

Comcast Gets Rid of 3.9M Customers to Ease Merger

It sells 1.4M, spins off 2.5M more

(Newser) - Comcast today announced a pair of moves that will rid it of a combined 3.9 million subscribers, in an attempt to make its Time Warner merger sit more easily with regulators. Comcast will sell 1.4 million subscribers to rival (and previous Time Warner suitor) Charter Communications for $7.... More »

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