mergers and acquisitions

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This $69B Deal May Reshape Health Care as We Know It

Proposed CVS-Aetna merger is approved by the DOJ

(Newser) - On Wednesday, CVS all but "cemented the deal" to buy Aetna for $69 billion, by scoring the Justice Department's preliminary approval of the deal, reports CNBC . With that green light comes a condition: that Aetna complete its plan to unload its Medicare Part D prescription drug plan business,... More »

As Michael Kors, Versace Merge, a Big Name Change

After $2.1B buy goes through, new company will be called Capri Holdings

(Newser) - Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion, continuing its hard charge into the world of high-end fashion. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition last year of the shoemaker Jimmy Choo,... More »

SiriusXM Is Buying Pandora

In an all-stock $3.5B deal

(Newser) - Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a stock deal valued at about $3.5 billion that'll allow it to expand its service beyond cars and into homes and other mobile areas. Pandora stockholders will receive 1.44 newly issued SiriusXM... More »

Comcast Sneaks Past Fox in 'Stratospheric' $39B Buy

Telecom giant will be the new owner of Sky News

(Newser) - Comcast has emerged as the top bidder for European broadcaster Sky after a rare auction held by British regulators. After three rounds of secret bidding on Friday and Saturday, Comcast offered what the Wall Street Journal calls the "stratospheric" price of $22.58 per share for Sky, the equivalent... More »

PepsiCo Makes a Big Move Toward a Rival Market

Company buys SodaStream as consumers turn away from sugary soda to sparkling water

(Newser) - PepsiCo has just made a big investment in a future that sees consumers more likely to reach for a bottle of water than a sugar-filled soda. The company agreed to buy SodaStream for $3.2 billion as a part of a shift toward healthier products, reports the Wall Street Journal ... More »

Pizza Scandal May Have Killed Big Fast-Food Merger

Papa John's and Wendy's were talking before John Schnatter's mess

(Newser) - The fallout from a scandal involving Papa John's founder is still being felt, with reports now suggesting the world's third-largest pizza-delivery company missed out on a possible merger. Per the Wall Street Journal , John Schnatter held preliminary merger talks with executives from Wendy's before a scandal erupted... More »

The World Is Getting a New Beverage Giant

Keurig buys Dr Pepper Snapple

(Newser) - Keurig will buy Dr Pepper Snapple Group, creating a beverage giant with about $11 billion in annual sales. The companies, both the result of previous mergers, will bring under one tent global brands like Dr Pepper, 7UP, Snapple, A&W, Mott's, Sunkist, and Keurig's single-serve coffee makers. The... More »

Report: To Protect a Client and Itself, CVS to Buy Aetna

Deal is worth $69B, says source

(Newser) - CVS will buy insurance giant Aetna in a roughly $69 billion deal that will protect a key client—and possibly protect itself from Amazon—a person with knowledge of the matter said Sunday. CVS will pay about $207 in cash and stock for each share of Aetna, according to the... More »

Time Inc. Sold in Koch Deal

Conservative brothers fund Meredith acquisition

(Newser) - The Koch brothers now have a major stake in the magazine industry. Meredith Corporation is buying Time Inc. in a $2.8 billion deal supported by a $650 million equity injection from the billionaire brothers, the BBC reports. The company, subject of two previous Meredith acquisition attempts, publishes titles including... More »

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 »

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