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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: acquisition

acquisition stories: 97 news summaries

61 - 80 of 97 Stories | << Prev 1 2 3 4 5 Next >>

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MSFT Grabs AQNT for $6B

Aug 13, 07 3:30 PM CDT
(Newser) - Microsoft completed the largest buyout in its history today, snatching up online advertising firm aQuantive for $6B. Microsoft closed the deal on Friday and will dole out $66.50 in cash for each share of the Seattle-based company, which will de-list from the Nasdaq after nearly doubling in value after... More »

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Yahoo • Google • AOL • Microsoft • advertising • aQuantive • acquisition • Nasdaq • buyout

Murdoch Surveys New Empire

Mogul plans all-out global fight vs. NY Times, Financial Times

Aug 1, 07 5:29 AM CDT
(Newser) - As Rupert Murdoch celebrates his acquisition of Dow Jones, articles in the new jewel in his crown, the Wall Street Journal, and one of its biggest rivals, the New York Times, speculate about the future. They agree Murdoch will direct a titanic battle for ads and readers against both the... More »

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Rupert Murdoch • New York Times • Wall Street Journal • Dow Jones • Bancroft family • Financial Times • acquisition • Fox Business Network • News Corp

Bancrofts Agree to Sale

Dow Jones 'will be part of News Corp.'

Jul 31, 07 10:22 AM CDT
(Newser) - Enough members of the Bancroft family are supporting Rupert Murdoch's $5B bid for Dow Jones to seal the deal. The Wall Street Journal reports that 32% of the votes in its parent company are virtually guaranteed to Murdoch's News Corp.; the tycoon will likely be able to pick up the... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • acquisition

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

Jul 31, 07 6:40 AM CDT
(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers... More »

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private equity • Time Warner • Comcast • debt • Virgin Media • Ford • acquisition • Cadbury Schweppes • Ingersoll Rand

Battling Bancrofts Take Journal Deal Down to Wire

Deadline today on Murdoch's offer

Jul 30, 07 4:36 AM CDT
(Newser) - The Bancroft family, which controls the majority of shares in Dow Jones, is so deeply divided over the proposed sale of the Wall Street Journal to Rupert Murdoch that the deal is still too close to call, the Journal reports. A decision on the $5 billion bid is set for... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • business • acquisition • Jane Cox McElree • Crawford Hill • News Corp

Major Bancroft Branch to Nix Murdoch Offer

Family trust may force mogul to raise price for Journal

Jul 27, 07 12:09 PM CDT
(Newser) - An important faction within the Bancroft family will vote against Rupert Murdoch’s controversial $5 billion deal for Dow Jones, instead demanding a significant increase of his offer. The Denver branch of the family, which owns a crucial 9.1% of Dow Jones voting stock, wants an extra $120 to... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • shareholders • business • acquisition • takeover • News Corp

$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman
considering offer

Jul 19, 07 4:50 AM CDT
(Newser) - Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg. Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a 30% premium on Wednesday's close,... More »

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private equity • Goldman Sachs • Kohlberg Kravis Roberts • KKR • acquisition • Macy's • buyout

Whole Foods CEO Sorry for Web Subterfuge

Online shenanigans draw board scrutiny along with SEC probe

Jul 18, 07 6:15 AM CDT
(Newser) - The CEO of Whole Foods apologized yesterday for boosting his company and posting snide comments about a rival supermarket chain in Internet forums and said he "had fun doing it." John Mackey's actions over the last 8 years have already triggered an SEC investigation, and the company's board... More »

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food • Yahoo • mergers and acquisitions • Whole Foods • Wild Oats • finance • forums • message boards • SEC • acquisition • John Mackey • FTC • food company

IHOP Gets a Taste of Applebee's


Jul 16, 07 10:50 PM CDT
(Newser) - Breakfast giant International House of Pancakes is acquiring the bar-and-grill chain Applebee's for $1.9B, or $25.50 a share—4.6% higher than Friday's closing price. IHOP will turn most of Applebee's 508 restaurants into franchises at a rate of 40 per quarter beginning in 2008, a move that... More »

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acquisition • IHOP • Applebee's

Kraft Goes Cookie Shopping in France

American snack giant bids $7.2B for Danone's biscuit division

Jul 3, 07 6:51 PM CDT
(Newser) - Kraft moved to elevate its international profile today with a $7.2 billion for Danone's biscuit division, setting up a deal that would make the Oreo manufacturer Europe's largest cookie maker. The polyglot alliance of Ritz crackers and Petit Ecolier biscuits faces numerous obstacles, the Times of London reports, including... More »

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food • European Union • business • Danone • acquisition • Kraft

Carlyle Bids on Faltering
Virgin Media

Debt-riddled UK cable provider, 35 ($ a share), seeks rich buyout firm

Jul 2, 07 1:37 PM CDT
(Newser) - The friendly corporate raiders at the Carlyle Group have floated an offer to buy out Virgin Media, the British cable provider, with total equity in the range of $8B and $10B, the Journal reports. The besieged media company has been losing customers to rivals in the UK, and has stacked... More »

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Richard Branson • media • Internet • cell phones • cable TV • Carlyle Group • Goldman Sachs • Virgin • acquisition • buyout

CEO Passes Reins at Wells Fargo

Successor will continue bank's strategy

Jun 28, 07 6:01 AM CDT
(Newser) - Dick Kovacevich, the CEO of Wells Fargo, stepped down yesterday after an enviable run at the helm of the country's fifth-largest bank. His successor will be COO John Stumpf. At a time when most financial institutions are seeking global acquisitions, the San Francisco-based bank has outperformed larger rivals while shunning... More »

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Wells Fargo • Norwest • Dick Kovacevich • John Stumpf • bank • acquisition

Murdoch Says $5B Is Final Offer for Dow Jones

Mogul won't raise offer to push stalling Bancroft family

Jun 27, 07 4:09 PM CDT
(Newser) - Rupert Murdoch won't raise his $5B bid for Dow Jones, the media mogul said today. Murdoch deflected speculation that he would up the ante to move along negotiations with the openly skeptical Bancroft family, which owns a majority stake in the Journal publisher. Instead, Reuters reports, Murdoch is suggesting he... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • merger • business • acquisition • News Corp

Mogul's Interest In Journal Is No Passing Fancy

Groundwork for Murdoch's Dow Jones bid dates back decades

Jun 25, 07 8:16 AM CDT
(Newser) - Rupert Murdoch's bid for Dow Jones may have seemed to come out of nowhere, but the Australian media mogul has had his eye on the Wall Street Journal for years. In three decades in the States, Murdoch has made his mark in news, entertainment, and, of course, politics. The Times ... More »

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media • Rupert Murdoch • Wall Street Journal • Dow Jones • news • acquisition • buyout

Gambling Firm Agrees to Buyout

Penn National Gaming changes hands for $8.9B

Jun 15, 07 4:08 PM CDT
(Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's... More »

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private equity • business • stocks • Penn National Gaming • Fortress Investment Group • Centerbridge Partners • Harrah's • privatization • casino • acquisition

KKR Buyout Spree Hits a Snag

Traditional investors tapped out; equity firm looking elsewhere

Jun 12, 07 4:31 PM CDT
(Newser) - Buyout giant KKR's $26B acquisition of electronic payment processor First Data Corp is not going smoothly, reports the Wall Street Journal. Once enthusiastic investors are shying away from private equity deals as interest rates steepen. "We have enough exposure to KKR already," said one major financier. More »

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investing • private equity • Kohlberg Kravis Roberts • KKR • First Data Corp. • Henry Kravis • acquisition • hedge fund • buyout

Hot LBO Market
Takes Hit

As big-time deals struggle to manage debt, beware the Trojan piggy bank

Jun 8, 07 9:40 AM CDT
(Newser) - The red-hot market for LBOs may be hitting a long-awaited rough patch. Several big deals—including Apollo's $1.3 billion Linens 'n Things buy and the multigroup $17.6 billion acquisition of Freescale Semiconductor Holdings—have turned sour, with the companies struggling to generate enough cash to pay down debt... More »

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takeovers • leveraged buyouts • merger • business • LBOs • Apollo Management LP • Avista Capital Partners • debt • privatization • acquisition • US economy

Union Seeks Journal Savior

Burkle agrees to talks with Dow Jones employees

Jun 5, 07 4:48 PM CDT
(Newser) - The Wall Street Journal employees' union, in search of a white knight as Dow Jones and Rupert Murdoch appear to be moving closer to a deal, has enlisted the help of supermarket billionaire Ron Burkle. News Corp. has offered $60 a share for the company, and one analyst tells Bloomberg,... More »

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Rupert Murdoch • Ron Burkle • Wall Street Journal • Dow Jones • Warren Buffett • acquisition • union • News Corp

Murdoch Says He's Flexible, Up to a Point

Jousting over editorial independence may derail Dow Jones deal

Jun 4, 07 8:29 AM CDT
(Newser) - Rupert Murdoch has renewed his vow to maintain the Wall Street Journal's editorial independence should his bid for Dow Jones succeed, but it's unlikely he'll allow the controlling Bancroft family to run an editorial oversight board. That sticking point could be a deal-breaker, the Journal reported hours before today's scheduled... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • merger • business • acquisition • News Corp

What Made
the Bancrofts Buckle?

Key Dow Jones director switched sides, eyeing Reuters-Thomson merger

Jun 2, 07 8:21 AM CDT
(Newser) - In a surprising about-face Dow Jones director and Bancroft family trustee Michael Elefante shifted from the cons to the pros, advocating putting the company in play at a recent family meeting. His change of position was behind the family's decision that it would meet with Rupert Murdoch and consider other... More »

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Rupert Murdoch • Bancroft family • merger • Richard Zannino • big deals • acquisition • Thomson Reuters • Michael Elefante • News Corp

61 - 80 of 97 Stories | << Prev 1 2 3 4 5 Next >>


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