merger

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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 »

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 »

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 New Auto Giant May Be Right Around the Corner

Chrysler-Renault merger would forge the world's third-largest automaker

(Newser) - Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker and save billions of dollars needed to invest in the race to make new electric and autonomous vehicles, the AP reports. The merged company would reshape the global industry: It would make... 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 »

US Wireless Landscape About to Change

But customer-friendly plans may get nixed

(Newser) - T-Mobile and Sprint announced Sunday that they reached an agreement to combine into a new company that would reshape the US wireless landscape by reducing it to three major cellphone providers, the AP reports. The deal would help the companies slash costs and could make them a stronger competitor to... More »

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... More »

Home Shopping Rivals Are Merging

QVC buying HSN for $2.1B

(Newser) - The giants of the home shopping world are merging. QVC is acquiring HSN (which birthed home shopping as the Home Shopping Network in 1977) in an all-stock transaction valued at more than $2 billion, the Wall Street Journal reports. The longtime rivals are joining forces against a bigger rival: online... More »

Feds' Crackdown on Tax Dodges Kills $160B Pfizer Merger

New Treasury rules on tax 'inversions' squashed deal with Allergan

(Newser) - Allergan and Pfizer are calling off a record $160 billion merger after the Treasury issued new rules to make tax "inversions" less lucrative, the AP reports. The aggressive changes to US tax laws announced this week helped kill the deal, handing what Reuters calls a "major victory" to... More »

CEO: Pfizer Leaving US Is Good for ... US

Freed-up cash from tax savings could be reinvested back into US: Ian Read

(Newser) - It may seem antithetical that the largest US drugmaker taking off for Ireland would actually prove beneficial to the US, but that's exactly what the CEO of Pfizer is saying after Monday's announcement of its estimated $160 billion "inversion" deal with Allergan, creating the world's biggest... More »

Pfizer Leaving US in World's Biggest Drug Merger

It's combining with Allergan, based in Ireland, in $160B deal

(Newser) - The world is getting a new No. 1 drug company and the US is losing a giant: Pfizer and Allergan agreed to merge Monday in a deal worth an estimated $160 billion, reports Reuters . Pfizer makes blockbusters such as Viagra and Lipitor, while Allergan makes Botox. The deal will result... More »

Dish May Merge With T-Mobile: 3 Reasons to Care

Purchase price hasn't been agreed upon

(Newser) - Today's merger rumblings: Dish Network and T-Mobile are in talks to merge, sources tell the Wall Street Journal . Though details, including a purchase price, have yet to be finalized, the companies agree that Dish CEO Charlie Ergen would be chairman of the combined company, while T-Mobile CEO John Legere... More »

Heinz, Kraft to Become Food Giant

Merger will make them continent's No. 3 food and beverage company

(Newser) - News that might interest those whose favorite pantry staples are ketchup and mac and cheese: Kraft Foods Group Inc. and H.J. Heinz Co. have announced they will merge in a deal that will create the Kraft Heinz Co.—the third largest food and beverage company on the continent... More »

Staples Grabs Office Depot for $6B

The deal values Office Depot at $11 per share

(Newser) - Look out, David: There's set to be an office-supply Goliath. Staples is buying Office Depot in a cash-and-stock deal valued at some $6 billion. The two have a combined 4,000 stores and do about $35 billion in sales each year. Office Depot Inc. shareholders will receive $7.25... More »

New Real Estate Behemoth: Zillow Buys Trulia for $3.5B

All-stock deal may drastically affect real estate agents' livelihood

(Newser) - Apparently, we're starting the workweek with competitors eating each other for breakfast. First Dollar Tree announced it would be buying rival Family Dollar, and now real estate heavyweight Zillow is snatching up competitor Trulia for a hefty $3.5 billion, reports the AP . The all-stock deal will result in... More »

DOJ, States Sue to Block US Air-American Merger

Lawsuit filed in federal court

(Newser) - The Justice Department and a number of US state attorneys general are challenging the proposed $11 billion merger between US Airways Group Inc. and American Airlines' parent company, AMR Corp. A lawsuit filed in federal court in Washington, DC, seeks to prevent the companies from making the deal in order... More »

OfficeMax, Office Depot Talk Merger

Struggling firms seek boost against, you know, Amazon

(Newser) - OfficeMax and Office Depot could be close to a merger, the Wall Street Journal reports: They're deep into talks and, while there are no guarantees, they could announce the deal within days. The arrangement would likely be via stock trade. Both companies have struggled over the past few years... More »

American, US Airways to Create No. 1 Airline

Boards to announce merger tomorrow, says AP

(Newser) - American Airlines and US Airways will merge and create the world's biggest airline. The boards of both companies approved the merger late today, according to three people close to the situation. The carrier keeps the American Airlines name but will be run by US Airways CEO Doug Parker. American'... More »

American, US Air Close In on Merger

New firm would be world's biggest airline

(Newser) - The world could soon have a new biggest airline. American Airlines' parent AMR and US Airways are ironing out a merger that would surpass national leader United Continental in traffic, insiders tell the Wall Street Journal . The merger, part of American's path out of bankruptcy, could create a firm... More »

Avis Buying Zipcar for $500M

Car-sharing company's stock has been rising

(Newser) - Car renting meets car sharing? Avis Budget Group has agreed to buy Zipcar for around $500 million, the Wall Street Journal reports. Avis will pay $12.25 per share, a 49% premium over Zipcar's closing price Monday. Zipcar's stock has risen in recent months as car sharing grows... More »

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