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July 25, 2008 6:45:52 PM CDT



Mergers & Acquisitions track this thread

Started by J Kelman; Last updated May 17, 08 9:58 AM CDT by SeacoastNH | View history

Mergers & Acquisitions

Private equity may be Wall Street's favorite fad diet, but sometimes a good, old-fashioned takeover is just what the market ordered

Stories

Stories 81 - 100 of 238

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  • March 2008
    • Microsoft Likely to Raise Yahoo Bid: Analyst

      Microsoft Likely to Raise Yahoo Bid: Analyst

      A Citigroup analyst upgraded Yahoo stock to a buy today, predicting that Microsoft will raise its buyout bid from $31 per share to $34, MarketWatch reports. Acquiring Yahoo is the only way for Microsoft to successfully compete with Google for online advertising, said analyst Mark Mahaney, and so “the likelihood of Microsoft walking away from the deal is small." More »

    • Satellite Merger Clears Hurdle

      Satellite Merger Clears Hurdle

      The Justice Department today approved the proposed merger between satellite radio firms Sirius and XM, the Wall Street Journal r eports. The FCC must still sign off, but the pair appears to have allayed antitrust concerns about the merger of the industry's two largest companies by arguing that they face competition from all music providers, including conventional radio. More »

    • Cash-Strapped Borders Considering Selling Itself

      Cash-Strapped Borders Considering Selling Itself

      Bookseller Borders is considering selling itself or some of its divisions, the Detroit Free Press reports today. The company, based in Ann Arbor, Mich., is in the midst of a turnaround, but is desperately short on cash, today borrowing $42.5 million from its biggest shareholder, Perishing Square Capital Management. Perishing also offered to buy parts of the company’s international business. More »

    • How Yahoo Would Improve Microsoft

      How Yahoo Would Improve Microsoft

      Yahoo today restated its opinion that Microsoft’s $44.6 billion buyout bid underestimates the online giant’s “combination of unique assets,” but for the first time stated publicly the strengths it would bring to the Microsoft merger, MarketWatch reports. In an investor presentation for the SEC, the company argued it would take Microsoft "from sub-scale position to strong positions in search and display." More »

    • Pilot Impasse May Ground Northwest-Delta Merger

      Pilot Impasse May Ground Northwest-Delta Merger

      Merger talks between Delta and Northwest appear to be headed for a hard landing after pilots for the carriers called off their own negotiations over seniority issues, reports the Minneapolis Star Tribune. The airlines boards will meet this week to decide whether the merger should go forward, but Delta's CEO is on record saying it hinges on the pilots' agreement. More »

    • Deutsche Telekom to Buy Greek Stake

      Deutsche Telekom to Buy Greek Stake

      Deutsche Telekom plans to buy a 20% stake in Hellenic Telecommunications Organization (OTE) of Greece, for $3.92 billion. The deal is conditional on the German carrier getting management control, and the company will open talks immediately with the Greek government, the only larger shareholder. The OTE stake will let Europe’s biggest telephone company expand into Eastern Europe, reports the Wall Street Journal . More »

    • Air France Buys Alitalia in Cut-Rate Deal

      Air France Buys Alitalia in Cut-Rate Deal

      Embattled Italian airline Alitalia has accepted a severely discounted buyout from Air France, the BBC reports. The $1.17-billion deal, which includes both the airline and its debt, sees Air France take over the Italian carrier at 81% below company's current share price. Alitalia has been in the red for the past five years, and failed to find a buyer at auction last year. More »

    • JP Morgan Buys Bear Stearns for $2 a Share

      JP Morgan Buys Bear Stearns for $2 a Share

      JP Morgan has agreed tonight to buy Bear Stearns for a scant $2 a share, a bargain-basement price—stock closed at $30 a share—that demonstrates the urgency of staving off the collapse of the venerable investment bank and widespread panic in financial markets, the AP reports. The Bush administration and Federal Reserve have reportedly approved the all-stock sale, which was rushed today under federal oversight to avoid Stearns filing for bankruptcy, the New York Times reports. More »

    • Wounded Bear Scrambles for a Savior

      Wounded Bear Scrambles for a Savior

      What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include Citibank and HSBC, the Wall Street Journal reports. In a sign of the times, the Journal notes that Bear's single biggest asset might be its building—the Madison Avenue digs could fetch $1.2 billion. More »

    • Yahoo, Microsoft Execs Meet to Discuss Buyout

      Yahoo, Microsoft Execs Meet to Discuss Buyout

      For the first time since Microsoft made an unsolicited—and unwelcome—$44.6 billion bid to take over Yahoo Jan. 31, executives for the two companies sat down this week to discuss what a post-merger company might look like, reports the Wall Street Journal. No negotiations took place, the Journal notes. Microsoft officials pitched their vision, and Yahoo officials mostly listened. More »

    • AOL Goes Social, Buys Bebo

      AOL Goes Social, Buys Bebo

      AOL will buy Bebo.com for $850 million in an attempt to enter the social networking market, the Wall Street Journal reports. Bebo has 22 million unique visitors a month, well behind MySpace's 109 million, but the site’s strong European presence will give AOL access to key youth demographics outside the US. The move comes amidst reports of internal turmoil and a possible sale of the Time Warner subsidiary. More »

    • EA Gets Hostile in 'Grand Theft' Takeover Bid

      EA Gets Hostile in 'Grand Theft' Takeover Bid

      Electronic Arts is renewing its $2 billion bid to take over rival Take-Two Interactive—but this time the offer will go directly to the video game maker's shareholders, in a sign the potential deal may be turning hostile, reports the Wall Street Journal. EA’s initial offer was rejected by Take-Two management, who said it undervalued the company, even though the $26 per share represented a 50% premium at the time. More »

    • Yahoo Buys Time to Delay Proxy Battle

      Yahoo Buys Time to Delay Proxy Battle

      Yahoo may postpone its annual meeting to delay a proxy battle with Microsoft, reports the New York Times . The move would temporarily fend off a hostile takeover bid by the computer giant, and buy Yahoo some time to weigh its options, including a negotiated deal with Microsoft and a merger or joint venture with Time Warner’s AOL. Microsoft’s bid currently is worth $41.2 billion. More »

    • Porsche Speeds to $225B Euro Empire

      Porsche Speeds to $225B Euro Empire

      The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said it would buy a controlling interest in Swedish truck company Scania. The combined $225 billion company would be the biggest car and truck firm in Europe. More »

    • Shakeup May Signal E*Trade's Availability

      Shakeup May Signal E*Trade's Availability

      E*Trade Financial, stung by mortgage- and mortgage-backed securities market losses, is adding CEO to chairman Donald Layton's duties. The company may be dolling itself up for a possible sale by polishing its tarnished image, the Wall Street Journal reports. Since Layton, 57, became chairman in November, the brokerage has rebounded from a $1.7 billion fourth-quarter loss. More »

    • United Tech Makes $3B Bid for Diebold

      United Tech Makes $3B Bid for Diebold

      United Technologies is bidding $3 billion for Diebold, one of the largest manufacturers of ATMs and voting machines. The unsolicited bid is $40 per share, a 66% premium over Diebold’s closing stock price Friday of $24.12, reports the New York Times . The deal would provide an opportunity for United Technologies to expand its electronic security business. More »

    • Come See the Softer Side of Microsoft

      Come See the Softer Side of Microsoft

      Yahoo executives, take note: Microsoft is trying to shed its bully reputation in Silicon Valley in favor of a kinder, gentler, hands-off approach to the smaller start-ups it acquires, the San Jose Mercury News says. Company officials want it known that this isn’t your older brother’s Microsoft—the one that suffocated Netscape, intimidated venture capitalists, and allegedly swiped competitors’ ideas. More »

  • February 2008
    • Liberty Looks to Leverage DirecTV Deal

      Liberty Looks to Leverage DirecTV Deal

      Closing Liberty Media’s $12 billion deal for a 41% share of DirecTV took more than a year, but positioning the satellite-TV service to rival telcos and cable companies offering triple-play packages of TV, phone, and broadband could be a bigger test, reports the Wall Street Journal today. The deal with News Corp was finalized yesterday after the FCC OK’d it. More »

    • Asia May Be Yahoo's Trump Card

      Asia May Be Yahoo's Trump Card

      A revised Microsoft bid for Yahoo may be heavily influenced by Yahoo’s Asian interests, reports the Wall Street Journal. Microsoft execs toured Asia in December and concluded that they needed a local partner there. Yahoo holds large stakes in a Korean auction site, a major Chinese search engine, and Yahoo Japan. These footholds, while passive investments now, may be the key to success in Asia, which an analyst calls "an underdeveloped but massive market." More »

    • Northwest's Merger Offers Won't Fly: Delta

      Northwest's Merger Offers Won't Fly: Delta

      An airline merger isn't going to take off until Northwest comes up with a proposal that addresses Delta's concerns, according to Delta executives. So far, offers haven't jelled with Delta priorities, including maintaining employee seniority rankings, according to a Delta memo obtained by the Wall Street Journal . Delta plans to continue with its "stand-alone" plan until it sees a “potential transaction that meets all our principles,” the company’s CEO and CFO wrote. More »

Stories 81 - 100 of 238

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This image released by The Field Musem in Chicago shows a painting...   (Getty Images)
US NEWS GATORWRESTLERS 1 FL   (KRT Photos)
The Yahoo tent at the Consumer Electronics Show (CES) is seen in Las Vegas, Monday, Jan. 7, 2008. Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised...   (Associated Press)
El gráfico muestra el precio de las acciones y ganancias de Microsoft Corp. y Yahoo Inc.; 2c 96,3 mm x 153,5 mm   (Associated Press)
This combination of two photos shows Microsoft founder Bill Gates, left, and Yahoo CEO Jerry Yang. Microsoft Corp. on Friday, Feb. 1, 2008 pounced on slumping Internet icon Yahoo Inc. with an unsolicited...   (Associated Press)
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Background

Mergers and Acquisitions
Wikipedia

The phrase mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to...

» Read more about Mergers and Acquisitions at Wikipedia

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