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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 201 - 220 of 295

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January 2008
- Forecast Sunny Indeed for Weather Channel Sale
  
  New York Times | Jan 3, 08 12:05 PM CST
  
  (Newser) - Some big companies are taking an interest in the newly for-sale Weather Channel, one of the last privately owned cable channels. NBC, News Corporation and Comcast are rumored to be eying the popular source of meteorology one prospective buyer dubbed "beachfront property" on the basic-cable landscape. The channel could go for $5 billion, the New York Times reports. More »
December 2007
- Buffett to Buy Huge Industrial Firm Marmon
  
  Wall Street Journal | Dec 25, 07 5:47 PM CST
  
  (Newser) - Warren Buffett will pay $4.5 billion to acquire a majority stake in Marmon Holdings, an industrial conglomerate owned by one of America's richest familes, the Wall Street Journal reports. Buffett's Berkshire Hathaway will buy 60% of the company now from the Pritzker family of Chicago, with plans to acquire the rest in stages by 2014. More »
- Philips to Buy Sleep Therapy Firm for $5B
  
  Reuters | Dec 21, 07 6:01 PM CST
  
  (Newser) - Electronics giant Philips will buy Respironics, an American maker of sleep therapy products, for $5.1 billion, Reuters reports, its most expensive foray yet into the health-care sector. That plan has seen Philips purchase lighting firm Genlyte for $2.7 billion and medical systems provider Visicu for $430 million within the past month as the company works to leverage its cash pile. More »
- Campbell's Sells Godiva
  
  New York Times | Dec 21, 07 11:59 AM CST
  
  (Newser) - To ensure that its bottom line stays “M'm! M'm! Good,” the Campbell Soup Company sold its upscale Godiva chocolate brand yesterday for $850 million. Yildiz Holding of Turkey beat out Starbucks and Hershey’s to nab the Belgian chocolatier, which racks up $500 million in annual sales, the New York Times reports. The sale will help Campbell’s recover from a 7.2% drop in its first-quarter net. More »
- Kayak Buys Rival SideStep for $200M
  
  TechCrunch | Dec 21, 07 9:43 AM CST
  
  (Newser) - Discount travel search engine Kayak has acquired competitor SideStep for $200 million. Kayak raised nine figures in a new round of financing from its own investors, new VC companies, and SideStep's backers. It then bought SideStep for $180 million in cash plus a redistributed $20 million of SideStep's capital, reports TechCrunch. More »
- FTC Okays Google’s DoubleClick Buy
  
  PC World | Dec 20, 07 10:11 AM CST
  
  (Newser) - The FTC voted 4-1 to approve Google’s purchase of DoubleClick, despite months of lobbying against the deal on privacy and antitrust grounds. The commissioners concluded that the deal "is unlikely to substantially lessen competition,” PC World reports. The $3.1-billion deal has been fought tooth and nail by Microsoft and other competitors since the search-ads leader revealed its agreement to buy the display-ads leader in April. More »
- Mining Mergers May Take Page From Big Oil
  
  Wall Street Journal | Dec 18, 07 3:08 PM CST
  
  (Newser) - When Anglo-Australian mining giant BHP Billiton announced its bid to merge with archrival Rio Tinto, the Wall Street Journal got déjà vu. The deal, which would combine the world’s largest and third-largest miners, looks a lot like the late-'90s megamergers that produced today’s Big Oil titans. “Really the same game is playing out,” says one emerging-market expert. More »
- Ingersoll-Rand to Buy Trane for $10B in Cash and Stock
  
  Wall Street Journal | Dec 17, 07 11:15 AM CST
  
  (Newser) - In what would be the largest industrial acquisition since 1999, Ingersoll-Rand has agreed to buy Trane for $10.1 billion, creating the second-largest manufacturer of air conditioners and climate-control systems in the world, the Wall Street Journal reports. The deal requires regulatory and shareholder approval but little borrowing, because I-R recently sold assets for $6.2 billion. More »
- Expedia Moves to Capture European Market
  
  Financial Times (UK) | Dec 17, 07 10:42 AM CST
  
  (Newser) - Citing saturation in US travel, Expedia will move aggressively to seize European market share, reports the Financial Times, with hopes that half its revenue will be international within 5 or 6 years . The travel giant hopes to move in while European competitors Thomas Cook and Tui Travel are distracted with their merger, then turn its attention to India next year. More »
- Discovery Will Go Public
  
  Washington Post | Dec 14, 07 5:38 PM CST
  
  (Newser) - Discovery Communications will go public, upping the media company’s ability to make deals while opening it to shareholder and Wall Street opinion. The “MythBusters” and “LA Ink” broadcaster will be able to spend more on new programming and acquire other businesses more readily. Analysts expect shares to trade in the $30 range when they’re offered publicly in 2008's second quarter. More »
- DJ Formally Approves Sale to News Corp.
  
  Wall Street Journal | Dec 13, 07 11:58 AM CST
  
  (Newser) - Dow Jones shareholders formally approved the company’s $5.6 billion sale to Rupert Murdoch's News Corporation; the closing is expected later today. The outcome was clear before today’s meeting, but the vote’s margin had been uncertain, as many Bancroft shareholders—whose voting stake was 64.2%—have been cold towards the sale that will end a century of family ownership, the Wall Street Journal reports. More »
- Northwest's Merger Plans Still 'Evolving'
  
  Minneapolis Star Tribune | Dec 5, 07 12:39 PM CST
  
  (Newser) - Northwest Airlines is "very, very actively looking" for a merger partner, a company executive told Wall Street analysts yesterday, but it is uncertain whether such consolidation is more likely to be approved by the Bush administration or its successor, the Minneapolis Star Tribune reports. Analysts say Delta—known to be contemplating mergers, as is United—would be the best match with Northwest. More »
- Vivendi to Buy Activision
  
  New York Times | Dec 2, 07 2:49 PM CST
  
  (Newser) - Vivendi, producer of mega-hit World of Warcraft , today announced plans to merge operations with Activision, forming an independent video game behemoth to rival EA. Vivendi will buy 52% of Activision for $1.7 billion and $27.50 per share, the Times reports, a premium on Friday’s $22.15 closing price. Then Activision, re-dubbed Activision Blizzard, will take in all Vivendi’s game operations. More »
November 2007
- Sirius, XM Stocks Rise as Merger Looms
  
  CNN | Nov 30, 07 1:16 PM CST
  
  (Newser) - XM Satellite Radio and Sirius stock prices got a boost Friday when an analyst predicted the Justice Department won't block Sirius from buying out the larger XM. Morning trade saw XM shares jump 9.4% and Sirius shares 4.6%, reports CNN. The analyst said that shares could hit $20 and $4.50, respectively, if the deal goes through. More »
- Banks Seeking Cash Spur New Merger Round
  
  Wall Street Journal | Nov 28, 07 7:09 PM CST
  
  (Newser) - An informal merger overture from Bank of America to cash-starved Citigroup was recently rejected, the Wall Street Journal reports, in favor of a smaller, $7.5 billion infusion from the Abu Dhabi government, approved by the bank today. But the offer, quickly disavowed by BoA, underscores the fact that a new round of opportunistic deals may be in the making as more and more financial firms are forced to replenish their capital reserves. More »
- Hewlett-Packard Nixes BEA Buy
  
  Reuters | Nov 21, 07 12:48 PM CST
  
  (Newser) - “We are the Switzerland of these heterogenous environments,” a Hewlett-Packard exec said by way of explaining why his company is not interested in acquiring BEA, after BEA rejected an offer from Oracle as too low. HP is a partner of BEA’s, the company's software chief said, but HP has similar relationships with BEA rivals. More »
- Microsoft to Buy Yahoo: Blogger
  
  PC World | Nov 18, 07 1:24 PM CST
  
  (Newser) - Microsoft wants to buy Yahoo, blogs Huffington Post’s Henry Blodget—there’s no other way to interpret comments made by a honcho Thursday that the Bill Gates brand plans to up its online search market share from its current 10% to 30%. Do the math, says Blodget: Acquiring Yahoo’s 19% share would “instantly” put Microsoft at about 30% (Google boasts 67%). More »