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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: mergers and acquisitions

mergers and acquisitions stories: 174 news summaries

41 - 60 of 174 Stories | << Prev 1 2 3 4 5 6 7 ... 9 Next >>

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(Newser) - IBM withdrew a $7 billion offer to buy Sun Microsystems this weekend after Sun's board called the bid too low, the Wall Street Journal reports. Sun also worried that IBM sought too much leeway to walk away from the deal if antitrust regulators challenged the merger, insiders say. People expected... More »

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Silicon Valley • mergers and acquisitions • IBM • Sun Microsystems

(Newser) - Google is aiming to team up with the micro-blogging sensation Twitter, not buy it, Dow Jones Newswire reports. A source close to the talks says Google wants to strike up an AdSense partnership to enable Twitter to show Google ads and profit from them. The benefit for Google: less... More »

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Google • mergers and acquisitions • AdSense • Twitter

Google Near Deal to Acquire Twitter: Insiders

Two insiders put price well above $250 million

Apr 3, 09 7:00 AM CDT
(Newser) - Google is in the last stages of acquiring Twitter for a price well above the microblogging site's recent $250 million valuation, reports industry blog TechCrunch, citing anonymous sources. Twitter recently rejected a $500 million offer from Facebook—although much of that price was in stock that may be overvalued. A... More »

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social networking • Google • Internet • mergers and acquisitions • acquisition • Twitter • microblogging

 IBM Trying to Buy Sun Micro 


Mar 18, 09 7:09 AM CDT
(Newser) - IBM is in talks to buy Sun Microsystems, sources tell the Wall Street Journal, in a deal that could be completed as early as this week. IBM would likely dole out at least $6.5 billion for Sun, a premium of more than 100% on yesterday’s closing price.... More »

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mergers and acquisitions • IBM • Sun Microsystems

(Newser) - Swiss drug giant Roche has succeeded in its quest to own biotech firm Genentech outright, and will purchase the 44% of shares it does not already own for $95 each, the San Francisco Chronicle reports today. The $46.8 billion deal comes after months of haggling, wherein Roche offered as... More »

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California • San Francisco • pharmaceutical companies • hostile takeover • mergers and acquisitions • biotechnology • Genentech • Roche • biotech companies

 Merck to Buy Schering-Plough 
 in Latest Pharma Merger 

Drug giant's purchase comes weeks after Pfizer-Wyeth merger

Mar 9, 09 6:34 AM CDT
(Newser) - Merck announced today that it will merge with fellow drugmaker Schering-Plough in a $41.1 billion cash-and-stock deal to enlarge its pipeline of new drugs in development, reports the Wall Street Journal. The two companies have already collaborated on cholesterol drug Zetia—whose sales plummeted after a study questioned its... More »

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Merck • mergers and acquisitions • merger • drug manufacturer • Schering-Plough

(Newser) - A rogue Merrill Lynch trader appears to have posted some $400 million in undisclosed losses in recent months, the Financial Times reports, covering his tracks with the “irregularity” the firm’s London branch is currently investigating. Alexis Stenfors, now suspended, reported $120 million in gains in 2008’s fourth... More »

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fraud • London • executive compensation • Bank of America • mergers and acquisitions • Merrill Lynch • trading • John Thain • Alexis Stenfors

 Liberty Media Nears 
 Sirius Rescue Deal 

Company to get stake in Sirius in return for   fending off Echostar

Feb 17, 09 4:21 AM CST
(Newser) - Sirius XM may have found its white knight just in time, the Financial Times reports. The deadline for the satellite radio firm to restructure its debt or file for bankruptcy protection is today, and Liberty Media is believed to be readying a last-minute rescue deal that would give it a... More »

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satellite radio • Sirius • bankruptcy • mergers and acquisitions • EchoStar • Liberty Media • Sirius XM

Japan's
Square Enix to Buy 'Tomb Raider' Maker

'Final Fantasy' firm pays dearly for Lara Croft

Feb 12, 09 2:28 PM CST
(Newser) - Looks like Lara Croft has a new sugar daddy: Japan’s Square Enix will buy Eidos, maker of the “Tomb Raider” videogame franchise, for $119.9 million, Forbes reports. That's more than double the per-share price at yesterday's market close. With Square willing to pay such a premium, it... More »

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Japan • mergers and acquisitions • video game developers • video games • Tomb Raider

 Recession Hits Law Firms 


Jan 26, 09 2:18 PM CST
(Newser) - Law firms, once thought to be better able than most to weather sour economies, are finding themselves in a tough spot these days, the Wall Street Journal reports. While bankruptcy practices are holding steady, business in litigation has fallen off steeply as corporate clients settle instead of writing checks... More »

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mergers and acquisitions • recession • lawyer • compensation • attorney • corporate law firms • white knight • client • recession depression

 Pfizer Snaps Up Wyeth for $68B 

Merger would be largest pharma deal since GlaxoWellcome-SmithKline 2000 merger

Jan 26, 09 6:11 AM CST
(Newser) - The world’s largest drugmaker, Pfizer, is poised to become even more gargantuan after it agreed early this morning to buy rival Wyeth for $68 billion, reports the Wall Street Journal. In the first major merger to hit Wall Street in months, Pfizer will borrow $22.5 billion from... More »

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Citigroup • Bank of America • Goldman Sachs • pharmaceutical companies • mergers and acquisitions • merger • Pfizer • credit • Wyeth • pharmaceutical industry • JPMorgan Chase • financial crisis

ANALYSIS

Thain Debacle Stings
BofA Chief


Jan 23, 09 5:25 PM CST
(Newser) - John Thain may have lost his job running Merrill Lynch, but woe to the CEO who dared merge with him, the Economist reports. Thain no doubt trashed his reputation by failing to tell BofA chief Ken Lewis about looming losses—and handing out multimillion-dollar bonuses in the meantime—but Lewis,... More »

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Bank of America • mergers and acquisitions • Merrill Lynch • recession • credit crisis • John Thain • Ken Lewis

 Pfizer in Talks to Buy Wyeth  




Sources say drug maker plans $60B acquisition of rival Wyeth

Jan 23, 09 5:49 AM CST
(Newser) - Pfizer is seeking to create a Big Pharma behemoth with the acquisition of rival Wyeth, insiders tell the Wall Street Journal. The deal, expected to be worth around $60 billion, would make Pfizer—already the world's biggest drug company—big enough to redraw the map of the industry, although sources... More »

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pharmaceutical companies • drug companies • mergers and acquisitions • merger • Pfizer • Wyeth • research and development • pharmaceutical industry

 Fat Cat Exxon Primed to Deal 

Behemoth stood still when oil hit record highs, now has $40B for buying spree

Jan 12, 09 10:22 AM CST
(Newser) - Flush with cash after resisting costly acquisitions while oil prices hit record highs, Exxon Mobil could be ready for a shopping spree that could alter the face of the world’s energy supply, reports the Wall Street Journal. The company has nearly $37 billion in reserves and could target another... More »

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Brazil • mergers and acquisitions • Royal Dutch Shell • oil companies • Rex Tillerson • Exxon Mobil • Big Oil • oil prices

 Morgan Stanley Near $3B 
 Deal for Smith Barney 

The joint venture would create the world's largest retail brokerage

Jan 12, 09 7:09 AM CST
(Newser) - Morgan Stanley is close to a deal giving it control of Citgroup’s Smith Barney business and creating the world’s largest retail brokerage, reports Reuters. The joint venture would give Morgan 51% of Smith Barney for up to $3 billion. In addition to the cash, Citi would benefit from... More »

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Citigroup • mergers and acquisitions • Morgan Stanley • brokerage • Smith Barney

Goldman Loses Top Spot in
M&A Rankings

JP Morgan uses financing advantage
to end 7-year reign

Dec 27, 08 3:05 PM CST
(Newser) - Ascendant JP Morgan Chase has knocked Goldman Sachs out of first place in the race for mergers and acquisitions, the Wall Street Journal reports. Dealogic, a merger data provider, says Goldman advised some 295 deals totaling $755.6 billion last year, as compared to JP Morgan’s 350 deals... More »

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Goldman Sachs • mergers and acquisitions • investment banks • JPMorgan Chase

analysis

Financial PR Firms
Walk a Thin Line


Dec 22, 08 6:24 PM CST
(Newser) - An insider trading case has exposed the potentially problematic relationship between PR companies and corporate clients, and it could have dire consequences for at least one firm, Reuters reports. A Lehman Brothers employee is charged with leaking merger information he got from his wife, a partner at the Brunswick Group... More »

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insider trading • mergers and acquisitions • Lehman Brothers • public relations • confidential information • confidentiality • media strategy

 British Air, Qantas 
 Merger Talks Crash 

$6 billion deal won't fly after airlines disagree on key issues

Dec 18, 08 8:13 AM CST
(Newser) - A $6 billion merger between British Airways and Qantas Airways that would have created a global carrier failed to fly after the two sides couldn’t agree on who would control the business, reports Bloomberg. The decision frees BA to pursue talks with Spain’s Iberia. Qantas is likely to... More »

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airline industry • Qantas • mergers and acquisitions • British Airways • Iberia

Crisis-Stricken LA Museum Mulls Merger

MoCA director prepares to resign as bigger museum offers lifeline

Dec 17, 08 8:13 AM CST
(Newser) - The future of LA's troubled Museum of Contemporary Art became somewhat clearer yesterday, as the institution's director began negotiating his resignation and the larger Los Angeles County Museum of Art proposed a merger. Tomorrow the MoCA board will meet to decide the fate of the troubled museum, which has teetered... More »

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art museum • Eli Broad • mergers and acquisitions • Los Angeles • Los Angeles County Museum of Art • financial crisis • Museum of Contemporary Art, Los Angeles

 BofA Will Lay Off 35K 

Recession, takeover of Merrill to blame for latest employee dump

Dec 11, 08 4:59 PM CST
(Newser) - Bank of America said today it will cut between 30,000 and 35,000 jobs in the next 3 years, the AP reports; the move is spurred by the continuing economic downturn and the bank’s recent purchase of Merrill Lynch. Cuts will be broad and will affect both the... More »

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layoffs • Bank of America • mergers and acquisitions • Merrill Lynch • recession • downsizing • financial crisis • economic downturn

41 - 60 of 174 Stories | << Prev 1 2 3 4 5 6 7 ... 9 Next >>


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