mergers and acquisitions

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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...

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...

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...

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...

New Giant Is Born in Defense Industry
New Giant Is Born
in Defense Industry
Jun 10, 2019 10:10 AM CDT

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....

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...

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,...

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,...

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,...

SiriusXM Is Buying Pandora Media
SiriusXM Is Buying Pandora
Sep 24, 2018 11:10 AM CDT

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...

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...

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 ...

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...

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...

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...

Time Magazine Sold in Koch Deal
Time Inc. Sold
in Koch Deal
Nov 27, 2017 5:40 AM CST

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...

Plug Pulled on Potential Biggest Tech Deal Ever

Qualcomm rejects Broadcom's $103B offer

(Newser) - It would have been the largest tech acquisition ever, per CNBC , but Qualcomm is saying no thanks. It rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance. Further, Qualcomm said Monday...

Some Fear Trump Is Meddling in Merger to Target CNN

Sen. Brian Schatz wants an investigation amid allegations that DOJ wants network sold

(Newser) - Lawmakers are calling for an investigation into possible "political interference" amid accusations that the Justice Department is pushing for the sale of CNN before it will approve AT&T's merger with Time Warner. Sources tell Politico the DOJ gave the companies an "ultimatum" Monday demanding they drop...

2 of the World's Biggest Chipmakers May Merge

Broadcom offers $103B for Qualcomm

(Newser) - Broadcom made an unsolicited $103 billion offer for rival chipmaker Qualcomm, the tech industry's largest attempted takeover that is destined to come under intense regulatory scrutiny, the AP reports. The company said Monday that it wouldn't have pushed forward with the proposed buyout if it wasn't confident...

Sprint, T-Mobile Are Never, Ever, Ever Merging Again

Wireless carriers end talks after years of dancing around a merger

(Newser) - Sprint and T-Mobile called off a merger, reports the AP , saying Saturday that they couldn't come to an agreement that would benefit customers and shareholders after years of dancing around a merger. "The prospect of combining with Sprint has been compelling for a variety of reasons, including the...

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