mergers and acquisitions

Stories 1 - 20 |  Next >>

Intuit Drops $7.1B in Stock and Cash to Buy Credit Karma

Companies plan to build 'a personalized financial assistant'

(Newser) - Credit Karma, which had been planning an initial public offering by now, has agreed to be taken over by Intuit for $7.1 billion in cash and stock. Intuit's products include TurboTax, Quickbooks and Mint. Credit Karma offers free credit scores and free tax filing services, then sells other... More »

On Wall Street, One of Biggest Deals Since Financial Crisis

Morgan Stanley will scoop up the online brokerage for $13B

(Newser) - Investment bank Morgan Stanley announced it would buy the online brokerage E-Trade for roughly $13 billion, one of the biggest deals on Wall Street since the financial crisis. The deal also is the latest chapter in Morgan Stanley's transformation from a scrappy, deal-doing, stock-trading investment bank to a more... More »

Huge Wireless Merger Now One Step Closer

Judge approves T-Mobile's takeover of Sprint

(Newser) - A federal judge on Tuesday approved T-Mobile's $26.5 billion takeover of Sprint, rejecting objections from a group of states and removing a major obstacle to a shake-up in the wireless industry. After the deal closes, the number of major US wireless companies would shrink from four to three.... More »

Feds Sue to Block a Big Shaving Merger

Schick is trying to buy Harry's

(Newser) - Federal antitrust regulators say a proposed merger that would combine old-school shaving company Schick with upstart Harry's would end up costing consumers some skin. The Federal Trade Commission on Monday sued to block Edgewell Personal Care Co.'s $1.37 billion acquisition of Harry's, which was supposed... More »

The World Is Getting a New No. 4 Automaker

Via the merger of Fiat Chrysler and Peugeot

(Newser) - The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger deal creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said in a joint statement the new group... More »

Huge Deal in the Works in World of Online Brokers

Charles Schwab will buy smaller rival TD Ameritrade

(Newser) - The word "behemoth" is being thrown around a lot Monday to describe a merger in the world of online brokers: Charles Schwab plans to buy TD Ameritrade in a stock deal worth $26 billion, reports Reuters . Just how big would this be? Schwab is already the dominant player in... More »

Jenner to Sell Majority Stake in Kylie Cosmetics

CoverGirl owner Coty to pay $600M for a 51% share

(Newser) - The world's youngest self-made billionaire is about to be $600 million richer. The downside is that Kylie Jenner will be without the majority share in her own beauty company. Jenner is expected to sell a 51% stake in Kylie Cosmetics, founded in 2015, to American beauty company Coty, which... More »

DOJ Approves $26.5B Deal. Now, a 'Disruptive Force in Wireless'

T-Mobile greenlit to take over Sprint, while Dish now enters the arena as 4th big wireless company

(Newser) - US regulators are approving T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts. Friday's approval by the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a... More »

New Giant Is Born in Defense Industry

After merger, Raytheon Technologies will be 2nd to Boeing in aerospace and defense industry

(Newser) - In the lucrative aerospace and defense industry, the top two companies are Boeing and Lockheed Martin. But assuming a giant new merger goes through, the top rankings will have to be reordered: Boeing ($101 billion in annual revenue) will remain No. 1, Lockheed ($53.7 billion) will fall to No.... More »

A Giant Merger Is Cleared, Despite DOJ Objections

Appeals court blesses AT&T acquisition of Time Warner

(Newser) - A federal appeals court has cleared AT&T's takeover of Time Warner, rejecting a challenge from the Trump administration, per the AP . The ruling by the US Court of Appeals in Washington came Tuesday in the high-stakes case, approving one of the biggest media marriages ever. The appeals court... More »

Deal Would Create 6th Largest Bank in US

SunTrust and BB&T plan to merge

(Newser) - Southeastern regional banks BB&T and SunTrust will attempt to join in an all-stock deal, creating a new bank that would be the sixth largest in the US based on assets and deposits. It would have approximately $442 billion in assets, $301 billion in loans, and $324 billion in deposits,... More »

This $69B Deal May Reshape Health Care as We Know It

Proposed CVS-Aetna merger is approved by the DOJ

(Newser) - On Wednesday, CVS all but "cemented the deal" to buy Aetna for $69 billion, by scoring the Justice Department's preliminary approval of the deal, reports CNBC . With that green light comes a condition: that Aetna complete its plan to unload its Medicare Part D prescription drug plan business,... More »

As Michael Kors, Versace Merge, a Big Name Change

After $2.1B buy goes through, new company will be called Capri Holdings

(Newser) - Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion, continuing its hard charge into the world of high-end fashion. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition last year of the shoemaker Jimmy Choo,... More »

SiriusXM Is Buying Pandora

In an all-stock $3.5B deal

(Newser) - Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a stock deal valued at about $3.5 billion that'll allow it to expand its service beyond cars and into homes and other mobile areas. Pandora stockholders will receive 1.44 newly issued SiriusXM... More »

Comcast Sneaks Past Fox in 'Stratospheric' $39B Buy

Telecom giant will be the new owner of Sky News

(Newser) - Comcast has emerged as the top bidder for European broadcaster Sky after a rare auction held by British regulators. After three rounds of secret bidding on Friday and Saturday, Comcast offered what the Wall Street Journal calls the "stratospheric" price of $22.58 per share for Sky, the equivalent... More »

PepsiCo Makes a Big Move Toward a Rival Market

Company buys SodaStream as consumers turn away from sugary soda to sparkling water

(Newser) - PepsiCo has just made a big investment in a future that sees consumers more likely to reach for a bottle of water than a sugar-filled soda. The company agreed to buy SodaStream for $3.2 billion as a part of a shift toward healthier products, reports the Wall Street Journal ... More »

Pizza Scandal May Have Killed Big Fast-Food Merger

Papa John's and Wendy's were talking before John Schnatter's mess

(Newser) - The fallout from a scandal involving Papa John's founder is still being felt, with reports now suggesting the world's third-largest pizza-delivery company missed out on a possible merger. Per the Wall Street Journal , John Schnatter held preliminary merger talks with executives from Wendy's before a scandal erupted... More »

The World Is Getting a New Beverage Giant

Keurig buys Dr Pepper Snapple

(Newser) - Keurig will buy Dr Pepper Snapple Group, creating a beverage giant with about $11 billion in annual sales. The companies, both the result of previous mergers, will bring under one tent global brands like Dr Pepper, 7UP, Snapple, A&W, Mott's, Sunkist, and Keurig's single-serve coffee makers. The... More »

Report: To Protect a Client and Itself, CVS to Buy Aetna

Deal is worth $69B, says source

(Newser) - CVS will buy insurance giant Aetna in a roughly $69 billion deal that will protect a key client—and possibly protect itself from Amazon—a person with knowledge of the matter said Sunday. CVS will pay about $207 in cash and stock for each share of Aetna, according to the... More »

Time Inc. Sold in Koch Deal

Conservative brothers fund Meredith acquisition

(Newser) - The Koch brothers now have a major stake in the magazine industry. Meredith Corporation is buying Time Inc. in a $2.8 billion deal supported by a $650 million equity injection from the billionaire brothers, the BBC reports. The company, subject of two previous Meredith acquisition attempts, publishes titles including... More »

Stories 1 - 20 |  Next >>
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.