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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: mergers and acquisitions

mergers and acquisitions stories: 174 news summaries

61 - 80 of 174 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>

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 Ex-AOL Chief Seeks 
 Funds to Buy Yahoo 

$30B difficult to raise amid recession

Dec 2, 08 2:08 PM CST
(Newser) - After months of advising both Microsoft and Yahoo on a failed deal, former AOL chief Jonathan Miller is trying to put together a bid for Yahoo himself. The venture capitalist is asking private investors to help him amass the $30 billion needed to acquire the struggling, $10-a-share search engine group,... More »

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Yahoo • Time Warner • AOL • Microsoft • mergers and acquisitions • investment • venture capitalists • financial crisis • Jonathan Miller

Price Dispute Sinks TwitFace Merger Talks

Twitter questions value of $500M stock offer
from Facebook

Nov 25, 08 2:18 AM CST
(Newser) - Merger talks between Facebook and popular newcomer Twitter have ended without a deal, reports All Things Digital. Twitter wasn't satisfied with Facebook's offer of $500 million in stock, apparently concerned that the stock's valuation was too high, say insiders. Twitter also had concerns about how the two would integrate, and... More »

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social networking • mergers and acquisitions • Facebook • Mark Zuckerberg • merger • Twitter

 Frantic Citigroup
 Considers
 Sell-Off 

Merger or sale become options as bank scrambles to stop the drop

Nov 21, 08 4:20 AM CST
(Newser) - Citigroup is keeping all its options on the table as its share price plunges—including selling itself, insiders tell the Wall Street Journal.  The battered giant's share price plummeted another 26% yesterday—its worst one-day hit ever—chalking up an 83% dive for the year. Directors plan crisis talks... More »

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Citigroup • Goldman Sachs • mergers and acquisitions • Morgan Stanley • Citibank • Vikram Pandit • share price • financial crisis

ANALYSIS

Yang's Departure Gives Microsoft New Opening

Analysts see 'beginning of the end for Yahoo' as CEO steps down

Nov 18, 08 9:54 AM CST
(Newser) - Investors are hoping Jerry Yang’s departure will lead to renewed talks with Microsoft, BusinessWeek reports. “This is probably the beginning of the end for Yahoo,” said one. “Microsoft will probably come back with an offer.” Microsoft has repeatedly denied interest in reviving a deal, but... More »

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Yahoo • Google • Microsoft • mergers and acquisitions • Jerry Yang • Steve Ballmer

Bank of America Doubles Stake in Chinese Bank

Shells out $7B while slashing jobs, taking bailout funds

Nov 18, 08 8:02 AM CST
(Newser) - Bank of America will inject $7 billion into China Construction Bank Corp, Bloomberg reports, nearly doubling its stake in the bank even as it slashes jobs and accepts government bailout money. CCB is down 45% over the past six months, and BoA CEO Ken Lewis is getting a 32% premium... More »

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China • Bank of America • mergers and acquisitions • Merrill Lynch • job cuts • bailout • Troubled Asset Relief Program • China Construction Bank

Bank of China
in Talks to Buy UK's No. 1 Bank

HBOS would be largest overseas acquisition by Chinese institution

Nov 11, 08 7:12 AM CST
(Newser) - The state-owned Bank of China emerged last night as the main player in a new takeover bid for Halifax Bank of Scotland. HBOS, the largest bank in Britain, is currently being taken over by Lloyds, but a former HBOS executive is now putting together a counteroffer. If the deal goes... More »

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Scotland • mergers and acquisitions • merger • HBOS • Lloyds TSB • Bank of China

Citigroup Looks to Buy Bank After Wachovia Misstep

Seeking to ease embarrassment from its failed bid, it looks to buy a regional player

Nov 10, 08 7:54 AM CST
(Newser) - After losing Wachovia to Wells Fargo, Citigroup is again looking to buy a bank to bolster its deposit base in the face of continuing economic turmoil, reports the Wall Street Journal. The latest target is a regional bank considerably smaller than Wachovia. Citi recently drew $25 billion from the Treasury... More »

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Citigroup • mergers and acquisitions • Wachovia • Wells Fargo & Co • banking industry

 Feds OK Delta-Northwest Deal 

Merger would create world's largest airline

Oct 29, 08 2:49 PM CDT
(Newser) - Delta’s $2.6 billion offer to buy Northwest Airlines has passed the scrutiny of federal antitrust regulators. Ensuing labor issues aside, official say the merger—which creates the world’s most patronized airline—would not "substantially lessen competition" and will benefit customers, Reuters reports. More »

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Department of Justice • mergers and acquisitions • Northwest Airlines • antitrust • Delta Airlines

VW Gamble Nets Porsche $20B, Wallops Hedge Funds

Short bets could push some European traders to bankruptcy after stock soars

Oct 29, 08 10:09 AM CDT
(Newser) - Hedge funds that bet on a dive in Volkswagen shares are nursing some pretty stiff hangovers—to the tune of a possible $20 billion in losses—after the shares soared when rival Porsche announced over the weekend it had secretly acquired a 74% stake in its fellow German automaker, reports... More »

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mergers and acquisitions • Volkswagen • Porsche • short selling • hedge funds

Chrysler Flirts With Nissan- Renault as GM Seeks Credit

Alliance would keep Detroit automaker intact, but expose Cerberus to more risk

Oct 21, 08 10:21 AM CDT
(Newser) - Chrysler is considering joining Nissan-Renault, adding a North American arm to the Japanese-French auto alliance that could rescue Chrysler’s operations, the Wall Street Journal reports. Cerberus, Chrysler’s majority owner, prefers a merger with General Motors, but overlap with a Detroit competitor would likely eliminate half of Chrysler’s... More »

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Chrysler • Cerberus Capital Management • General Motors • Detroit • mergers and acquisitions • credit crisis • auto industry • financial crisis • Nissan-Renault • Carlos Ghosn

Treasury Hopes Bailout Will Spur Bank Mergers

Paulson seeks to reshape banking with new capital

Oct 21, 08 9:23 AM CDT
(Newser) - Treasury's $250 billion cash infusion into financial institutions is meant to increase liquidity and get banks to start lending to each other again, but it might have another effect: accelerating mergers. The New York Times reports that the government's unprecedented recapitalization is also meant to give bigger banks the... More »

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Henry Paulson • mergers and acquisitions • merger • Treasury Department • banks • recapitalization

Morgan in Talks to Keep Critical Mitsubishi Money

Japanese bank seeks more favorable terms for $9B investment

Oct 12, 08 6:19 PM CDT
(Newser) - Morgan Stanley scrambled today to keep an investment from a major Japanese bank as Wall Street held its breath, the New York Times reports. Japan’s Mitsubishi UFJ Financial Group agreed last month to invest $9 billion, but wants better terms after Morgan's market value plunged last week. The talks... More »

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mergers and acquisitions • Morgan Stanley • capital • investment • Mitsubishi UFJ Financial Group • financial crisis

(Newser) - GM and Chrysler are indeed seriously discussing a merger, sources tell Tom Walsh of the Detroit Free Press, which just proves “how desperately some people want to exit the automobile business.” Both companies are already too big—put them together and they’d be “way, way,... More »

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Chrysler • General Motors • mergers and acquisitions • auto industry

Feds Give Green Light to Wells Fargo-Wachovia

Citigroup plans to sue over breach of contract, but will not interfere

Oct 10, 08 3:02 PM CDT
(AP) - Federal antitrust regulators cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp. today, capping a weeklong battle for the Charlotte, NC-based bank. The rapid approval comes a day after Citigroup walked away from its acquisition effort. Citigroup plans to seek $60 billion in damages for breach of contract but... More »

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Citigroup • mergers and acquisitions • Wachovia • antitrust • Wells Fargo • SEC • credit crisis • financial crisis

 Wells Fargo Buys Wachovia 
 for $15.4B, Trumps Citigroup 

After initial no, Bay Area bank buys out troubled lender

Oct 3, 08 7:17 AM CDT
(Newser) - Wells Fargo will buy struggling bank Wachovia in a $15.4 billion takeover, reports the Wall Street Journal. The deal was announced today and comes just days after Wachovia had reached an agreement to sell its banking operations to Citigroup. The Wells Fargo purchase requires no government assistance, and the... More »

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Citigroup • mergers and acquisitions • merger • Wachovia • Wells Fargo • credit crisis • financial crisis

JPMorgan Chief Had Long Drooled Over WaMu

Firm writes down $31 billion in bad debt, but builds nation's largest bank

Sep 26, 08 2:45 PM CDT
(Newser) - The failure of Washington Mutual was an opportunity for JPMorgan Chase CEO Jamie Dimon, who long held a desire to buy the bank, the Seattle Times reports, and saw its large West Coast presence as particularly attractive. Now Dimon, who incorporated Bear Stearns earlier this year, has used the credit... More »

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mergers and acquisitions • credit crisis • Washington Mutual • FDIC • JPMorgan Chase • mergers • financial crisis

Shareholders OK
Delta-Northwest Merger

Deal awaits approval from antitrust regulators

Sep 25, 08 2:45 PM CDT
(Newser) - Shareholders of Delta and Northwest voted nearly unanimously today to approve the airlines' merger, the Atlanta Journal-Constitution reports. With shareholders in agreement, federal antitrust regulators must now approve the deal. A Justice Department decision is expected late this year, but labor issues remain. Dozens of workers protested today outside the... More »

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airline industry • Delta Air Lines • mergers and acquisitions • Northwest Airlines • Delta Airlines • mergers • International Association of Machinists and Aerospace Workers

Mitsubishi's $8.4B Will Buy Up to 20% of Morgan Stanley

Japanese firm reverses course, agrees to buy stake in Wall Street giant

Sep 22, 08 10:13 AM CDT
(Newser) - Japan’s Mitsubishi UFJ Financial Group has agreed to invest as much as $8.4 billion in Morgan Stanley, Bloomberg reports, in exchange for a stake of 10%-20% in the investment bank. The move by Mitsubishi—which last week said it planned to steer clear of investing in US banks—... More »

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mergers and acquisitions • Morgan Stanley • capital • investment • Mitsubishi UFJ Financial Group

Barclays to Buy Parts of Lehman's Brokerage

Deal to give UK giant a US presence believed to be worth about $2B

Sep 16, 08 11:28 AM CDT
(Newser) - Barclays has reached a deal to buy part of Lehman Brothers’ US business, the Financial Times reports. Lehman’s international divisions could eventually be brought into the deal, or the deal could allow for their acquisition later. Exact terms are unclear, but the Wall Street Journal adds that the figure... More »

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Barclays • mergers and acquisitions • Lehman Brothers

Under Pressure, Sirius XM Tries to Look Ahead

Merged company works to develop subscribers, refinance debt

Sep 15, 08 11:45 AM CDT
(Newser) - Satellite radio’s fortunes—thought to be peaking after Sirius and XM merged in July—are falling as the united company’s stock continues to tumble and management scrambles to refinance debt, reports the Wall Street Journal. Still, CEO Mel Karmazin says, the company is “heading toward making... More »

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Mel Karmazin • Sirius • mergers and acquisitions • broadcasting • XM Satellite Radio • Sirius XM

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