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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 101 - 120 of 295

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May 2008
- Yahoo Still Open to Offers: Yang
  
  New York Times | May 6, 08 6:28 AM CDT
  
  (Newser) - Though Microsoft's courtship of Yahoo came to an unhappy end, Yahoo is still open to suitors, even Microsoft—at the right price, insists CEO Jerry Yang. Yahoo is in talks with other companies about ways to boost its value, and while Yahoo isn't in a rush to sell, executives are willing to listen to any would-be buyer, Yang tells Bloomberg as he faces mounting shareholder criticism for letting the deal get away. More »
- T-Mobile Parent Mulling Bid for Sprint Nextel
  
  Wall Street Journal | May 5, 08 7:54 AM CDT
  
  (Newser) - T-Mobile parent Deutsche Telekom may bid for troubled Sprint-Nextel, a deal that would move the German telecom to the top of the US mobile communications heap, ahead of AT&T and Verizon, reports the Wall Street Journal. DT increasingly has looked to global options to help fuel earnings hurt by competition and sagging landline revenue at home. More »
- Microsoft Boosts Offer, Launches Talks With Yahoo
  
  New York Times | May 2, 08 3:34 PM CDT
  
  (Newser) - Microsoft and Yahoo are holding active merger talks, with Microsoft willing to increase its offer “by several dollars,” sources tell the New York Times . The negotiations come as a major breakthrough after months of stalemate; Yahoo shareholders have been fielding calls from both sides seeking to arrive at an acceptable price. Shareholders had sought $35-$37 a share; Microsoft is said to be willing to go as high as $33. More »
- Microsoft Edges Toward Hostile Bid
  
  Wall Street Journal | May 2, 08 4:52 AM CDT
  
  (Newser) - Microsoft appears to be edging closer to a hostile bid for Yahoo, the Wall Street Journal reports; an announcement of the company's next move is expected today. Price will be a key factor: CEO Steve Ballmer told employees yesterday he won't pay a "dime above" what he thinks Yahoo is worth. Yahoo shareholders are looking for $35 to $37 a share; Ballmer's original offer was worth $29.48 a share at the close yesterday. More »
- Cut the Charade: Let Rupert Have His Way With Journal
  
  Slate | May 1, 08 11:32 AM CDT
  
  (Newser) - Let’s stop kidding ourselves, Jack Shafer writes in Slate: Rupert Murdoch is seizing control of the Wall Street Journal , and we might as well be done with the “Special Committee” that was supposed to protect editorial independence. The Bancroft family insisted on the creation of the board, which then proved itself "a set of high-paid flunkies" who sat on their hands as the paper’s top editor was forced out. More »
- Microsoft Still Pondering Yahoo Options
  
  Wall Street Journal | May 1, 08 9:37 AM CDT
  
  (Newser) - Microsoft's board met yesterday to discuss the next move in its bid for Yahoo but didn't make a decision, the Wall Street Journal reports. Directors have given CEO Steve Ballmer broad leeway to decide between going hostile or walking away from the bid, and insiders say it could still go either way. An announcement is expected later this week. More »
April 2008
- XM and Sirius Delay Meetings as FCC Weighs Merger
  
  Washington Post | Apr 30, 08 2:57 PM CDT
  
  (Newser) - XM and Sirius both postponed annual shareholder meetings as they awaited final FCC approval of their planned merger, the Washington Post reports. The nation’s only satellite-radio operators are expected to win approval, but their plans have faced new criticism from lawmakers and state attorneys, and there may yet be conditions on the partnership. More »
- Ballmer May Seek Middle Path on Yahoo
  
  Wall Street Journal | Apr 30, 08 7:13 AM CDT
  
  (Newser) - Steve Ballmer's next move on Yahoo is expected momentarily, and one option is to nominate a proxy slate for the board of directors, the Wall Street Journal reports, but hold off on making a new hostile bid for the company. Microsoft could buy time for setting a new price for Yahoo, which rejected the company's $42-billion bid, but keep the option of a hostile campaign later. More »
- Mars Buys Wrigley, With Assist From Buffett
  
  New York Times | Apr 28, 08 8:05 AM CDT
  
  (Newser) - M&Ms-maker Mars, backed by Warren Buffett, has made a deal to buy Wm. Wrigley Jr. Co. for about $23 billion, reports the New York Times . The acquisition is likely to force other candy makers like Hershey and Cadbury Schweppes into mergers to maintain market share against a powerful conglomerate of recognized brands with global presence. More »
- Microsoft's Price Wasn't Right: Yahoo Offer Expires
  
  Wall Street Journal | Apr 27, 08 4:05 PM CDT
  
  (Newser) - Microsoft may get nasty now that its deadline for a friendly Yahoo purchase expired yesterday. Talks died quietly after Microsoft refused to up its offer from $29.68 a share on Friday; Yahoo execs wanted $35. Microsoft could now press Yahoo, tack back the offer, or deal directly with Yahoo shareholders, the Wall Street Journal reports. More »
- Arby's Purchase of Wendy's 'Sad Day' for Thomas Family
  
  Columbus Dispatch | Apr 25, 08 12:08 PM CDT
  
  (Newser) - After years of haggling, Arby’s owner Nelson Peltz reached a deal to acquire Wendy’s yesterday, ending the involvement of the Thomas family that founded it. Wendy Thomas herself called the sale a “huge, huge disappointment,” the Columbus Dispatch reports. The family had hoped local franchisee J. David Karam would acquire the company. “It’s a sad day for Columbus,” said Karam. More »
- Delta, Northwest Execs: Merger Would Ease Gas Burden
  
  Associated Press | Apr 24, 08 3:51 PM CDT
  
  (Newser) - The CEOs of Delta and Northwest took their case for a merger to Capitol Hill today, where they argued that they would be better equipped to deal with surging gas prices as a single company. Both businesses had big first-quarter losses, and the executives told lawmakers they’d be better competition for foreign airlines as a team, the AP reports. More »
- Apple Snaps Up Chip Design Company
  
  Forbes | Apr 24, 08 6:47 AM CDT
  
  (Newser) - Apple has acquired a designer of sophisticated, low-power computer chips, Forbes reports. Analysts say the move will likely lead to a new kind of chip powering future iPhones and iPods, as well as new Apple designs, helping the company differentiate itself from competition scrambling to keep up. The news comes as a blow to chip maker Intel. More »
- Ballmer to Yahoo: That's Our Final Offer
  
  Bloomberg | Apr 23, 08 2:48 PM CDT
  
  (Newser) - Microsoft won't raise its $44.6 billion takeover bid for Yahoo despite the Internet firm's strong first-quarter earnings, Bloomberg reports. "We are prepared to go forward without a merger," said CEO Steve Ballmer, who has threatened a proxy shareholder revolt to push the deal through, possibly at a lower price, if Yahoo didn’t agree to the original bid by Saturday. More »
- Murdoch Closing In on Newsday Deal
  
  Reuters | Apr 22, 08 10:27 AM CDT
  
  (Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post , but the papers would remain separate for now. Tribune would get $550 million in cash and retain a 5% stake in Newsday . More »
- Air France-KLM Pulls Offer for Alitalia
  
  Wall Street Journal | Apr 22, 08 6:37 AM CDT
  
  (Newser) - Air France-KLM has withdrawn its offer to buy Alitalia, leaving the cash-poor Italian carrier with few options. In a tersely worded statement, the world's largest airline said its Alitalia overture—which had been opposed by Alitalia's unions—was "no longer valid." With no suitors forthcoming and cash reserves dwindling—the airline loses $1.6 million a day—Alitalia may be forced to declare bankruptcy, writes the Wall Street Journal . More »