mergers and acquisitions

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Startup Rejects Google's Staggering Acquisition Offer

Cybersecurity firm Wiz turns down $23B deal, which would been Google's biggest ever

(Newser) - Thanks, but no thanks. That's the message cybersecurity startup Wiz delivered to Google as it rejected a $23 billion takeover offer, reports CNBC . It would have been Google's biggest acquisition ever. "Saying no to such humbling offers is tough," Wiz co-founder Assaf Rappaport wrote in a...

Say Hello to the 'New Paramount'
Say Hello to the
'New Paramount'
Jul 8, 2024 8:14 AM CDT

Say Hello to the 'New Paramount'

And goodbye to the reign of the Redstone family, as Paramount plans its merger with Skydance

(Newser) - Paramount Global has had a tough time of it in the digital era, struggling to gain a foothold in the streaming arena—but a new merger may remedy some of that. Per t he AP , Paramount announced Sunday that it has struck a deal to merge with the Skydance Media...

Saks Is Buying High-End Rival in a Deal That Cuts in Amazon

$2.65B agreement makes Neiman Marcus part of Saks Global

(Newser) - Saks Fifth Avenue and Neiman Marcus announced Thursday that after months of negotiations, they're ending their high-end competition. The boards of both privately held companies have approved the agreement, which calls for Saks' parent company to acquire its rival for $2.65 billion and create a new group called...

Boeing Flips 2-Decade Strategy With $4.7B Acquisition

Company says it will buy Spirit AeroSystems, which it previously owned

(Newser) - Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines, and the Department of Justice. Boeing previously owned Spirit, and the purchase would reverse a two-decade strategy of outsourcing key...

Sony Pictures Makes a 'Rare' Acquisition

Studio conglomerate buys Austin-based Alamo Drafthouse movie theater chain

(Newser) - Sony Pictures Entertainment just got a little bigger. CNBC reports that the studio conglomerate has scooped up Alamo Drafthouse, the seventh-largest movie theater chain in North America, from owners Altamont Capital Partners, Fortress Investment Group, and co-founder Tim League. Variety notes that "it marks a rare time in recent...

Dollar Tree Wants to End Its 'Disastrous Merger'

Company announces it would like to sell or spin off Family Dollar chain

(Newser) - Dollar Tree is seeking to put an end to what CNN calls its "disastrous merger" with Family Dollar. The parent company on Wednesday announced it's looking into selling or spinning off Family Dollar, which it bought for $8.5 billion in 2015. The thinking at the time was...

2 of Our 'Most Recognizable Energy Companies' to Combine

ConocoPhillips to acquire Marathon Oil in a deal worth $22.5B, including debt

(Newser) - ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. The Wall Street Journal calls it a deal "that would combine two of America's most recognizable energy companies." The AP notes...

T-Mobile to Buy Majority of US Cellular
T-Mobile Makes a Big Purchase
May 28, 2024 8:27 AM CDT

T-Mobile Makes a Big Purchase

Company to gain 4M customers in $4.4B US Cellular deal

(Newser) - T-Mobile is buying US Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion that further consolidates the industry. T-Mobile would get more than 4 million new customers and control of US Cellular's wireless operations and about 30% of spectrum assets across several...

Home Depot Announces $18.25B Acquisition

In its biggest-ever deal, company is buying materials provider SRS Distribution

(Newser) - Home Depot has announced the largest acquisition in its history. The company will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion, the AP reports. With the deal, Home Depot steps more aggressively into the fast growing professional builder and contractor business....

$3.8B JetBlue-Spirit Airlines Merger Is No More

After court blocked the deal, airlines say they're unlikely to meet regulatory hurdles by the deadline

(Newser) - JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger, reports the AP . JetBlue said Monday that even though both companies still believe in the benefits of a combination, they were unlikely to meet the required closing conditions before the July...

FTC Sues to Block Massive Grocery Merger

Kroger and Albertsons want to merge in the biggest such deal in US history

(Newser) - The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, reports the AP , saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed a lawsuit in US District Court in Oregon on Monday....

Capital One-Discover Deal Faces 'Gale-Force Headwinds'
Capital One-Discover Deal
Seen as 'Dangerous'
THE RUNDOWN
Feb 21, 2024 9:03 AM CST

Capital One-Discover Deal Seen as 'Dangerous'

Sen. Elizabeth Warren leads charge against $35B merger, saying it will hurt 'working people'

(Newser) - Capital One announced on Monday that it was buying Discover Financial Services, in a $35 billion deal to combine two of the nation's largest credit-card firms. But experts say it will take at least a year for the merger to be completed, and there's already pushback from advocacy...

Deal Would Combine Two Credit Card Giants
One Credit Card Giant
Is Buying Another
UPDATED
Feb 19, 2024 8:54 PM CST

One Credit Card Giant Is Buying Another

Capital One will take over Discover in all-stock transaction

(Newser) - Capital One and Discover Financial Services announced Monday that, as expected, the former is buying the latter for $35 billion. Discover's shareholders will receive shares of Capital One valued at almost $140, per the news release cited by the AP . Discover shares were trading at $110.49 when trading...

Big Layoffs at Roomba After Amazon Deal Falls Through

Companies say the planned acquisition is off

(Newser) - Amazon and Roomba won't be getting together after all. The retail giant and vacuum maker iRobot said Monday that Amazon's planned acquisition is off, reports the Wall Street Journal . The deal had faced big regulatory hurdles in Europe and the US. Amazon will pay the Massachusetts company a...

Two Media Giants Start Merger Talks
Two Media
Giants Start
Merger Talks
Dec 20, 2023 6:15 PM CST

Two Media Giants Start Merger Talks

Warner Bros. Discovery, Paramount both are facing debt and making cuts

(Newser) - Warner Bros. Discovery and Paramount Global have begun talking about merging, a deal that would put the rivals' streaming operations and film studios—as well as TV networks CBS and CNN—under the same corporate roof. The media companies' CEOs, David Zaslav of Warner Bros. and Bob Bakish of Paramount,...

Japan's Nippon Steel Scoops Up US Steel for $14B

New combined company will be among top 3 steel-producing companies in the world

(Newser) - US Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will...

Trump's Truth Social Is Losing Money Fast
Trump's Truth Social
Has Lost Millions
UPDATED
Nov 14, 2023 8:55 AM CST

Trump's Truth Social Has Lost Millions

Platform down more than $30M since launch

(Newser) - This summary has been updated with corrected figures. Former President Trump's social media platform Truth Social has posted a loss of $31.6 million since its launch in early 2022, reports Reuters . (An earlier report with a figure of $71.3 million cited by multiple media outlets was incorrect....

One Big Oil Company Will Absorb Another, for $53B

Chevron is buying Hess, just weeks after Exxon Mobil made its own $60B acquisition

(Newser) - Chevron is buying Hess Corp. for $53 billion as the biggest US oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about $60 billion, per the AP...

$1B Headed Back to Investors in Trump's Struggling Truth Social Deal

But Trump Media paints the move as 'in the best interest of ... completing our merger'

(Newser) - The publicly listed shell company that raised $1 billion to merge with former President Trump's media company won't end up with any of it. Investors have canceled $467 million in funding, Digital World Acquisition Corp. said in a Thursday regulatory filing. DWAC CEO Eric Swider said in a...

Microsoft Closes One of Tech's Biggest Acquisitions

Company's massive $69B deal to buy 'Call of Duty' maker Activision Blizzard is approved

(Newser) - Microsoft has completed its acquisition of video game-maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry, per the AP . The notice that the deal has gone through came seven hours after Microsoft got final...

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