merger

Stories 21 - 40 | << Prev   Next >>

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...

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...

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...

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'...

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...

Avis Buying Zipcar for $500M


 Avis Buying Zipcar for $500M 
Jan 2, 2013 7:16 AM CST

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...

Random House, Penguin to Merge

Some literary agents concerned

(Newser) - Random House, already the biggest consumer book publisher in the English-speaking world, will get even bigger next year after a planned merger with Penguin. The plans, rumored last week, were confirmed today by the media companies that own the two publishing divisions, Bertelsmann and Pearson. Bertelsmann, the Random House owner,...

T-Mobile, MetroPCS Agree to Merge

The move leaves Sprint in a tough spot

(Newser) - Deutsche Telekom, the parent company of T-Mobile USA, has agreed to a merger with the smaller MetroPCS Communications, a move that inches the two struggling competitors closer to industry leaders Verizon and AT&T, reports Reuters . The company will retain the name T-Mobile, and Deutsche will hold 74% of the...

US Airways Takes First Step Toward American Merger

Reaches deal with three labor unions

(Newser) - US Airways has taken a big step in its plan to merge with bankrupt American Airlines, it announced today by filing a form with the SEC. A letter to US Airways employees from the CEO explains that to win a merger the company still needs the OK of American-parent AMR'...

AT&T Drops Bid to Purchase T-Mobile
 AT&T: Forget T-Mobile Merger 
Dec 19, 2011 4:33 PM CST

AT&T: Forget T-Mobile Merger

Wireless giant ends $39B bid to buy T-Mobile

(Newser) - AT&T Inc. said today that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cell phone giant said that the actions of the US government to block the deal do not change the challenges of the wireless phone industry, which it...

AT&T 'Pretty Confident' It Can Save T-Mobile Deal

Phone giant tries to duck antitrust concerns

(Newser) - AT&T is dead set on getting its $39 billion acquisition of T-Mobile past anti-trust regulators, and it’s developing a two-part plan to do so. While one of the telecom giant’s hands is preparing to battle the Justice Department in court, the other will be trying to strike...

Senator Says AT&T, T-Mobile Merger Must Die

Urges FCC, Justice Department to block it on anti-trust grounds

(Newser) - AT&T’s purchase of T-Mobile must be blocked on antitrust grounds, Sen. Herb Kohl declared today. The chair of the Senate subcommittee on Antitrust, Competition Policy, and Consumer Rights released a letter urging the FCC and Justice Department to step in before the two phone companies get hitched, the...

AT&T, T-Mobile Merger Reactions: Not Good for Consumers
 AT&T, T-Mobile Merger 
 Bad News for Consumers 
early reactions
Mar 21, 2011 6:29 AM CDT

AT&T, T-Mobile Merger Bad News for Consumers

The consensus: 'Ma Bell is back'

(Newser) - Reactions to the surprise AT&T-T-mobile merger are pouring in, and, not surprisingly, most conclude this isn't a good thing for consumers:
  • The Bell telephone system—"aka AT&T"—was broken up in 1984 to increase competition, and the US telecommunications market was deregulated in 1996, again to
...

Germans Close to Buying NY Stock Exchange

Cradle of US capitalism about to fall to Deutsche Börse

(Newser) - The raucous cathedral of American capitalism, the New York Stock Exchange, is about to be bought by the Germans. If regulators approve the deal, the acquisition of NYSE Euronext (which owns the NYSE) by Deutsche Börse AG (which owns the Frankfurt stock exchange) would create the world's largest financial...

AOL Weighs Breakup, Yahoo Merger
AOL Weighs Breakup,
Yahoo Merger
Dec 6, 2010 6:27 AM CST

AOL Weighs Breakup, Yahoo Merger

Internet firm could split dial-up, advertising arms

(Newser) - As AOL shifts to focus on content, the Internet firm is considering breaking off its dial-up Internet service arm and then merging with Yahoo, insiders tell Reuters . Yahoo hasn’t been contacted about the plan, which echoes a move Time Warner considered in 2008 and 2009 before spinning off AOL....

It's Official: Newsweek, Daily Beast to Merge

Companies make announcement amid rumors

(Newser) - It's official: Newsweek and the Daily Beast will merge. This morning's announcement comes after yesterday's rumors —and despite last month's report that merger talks were killed. Tina Brown will in fact serve as editor-in-chief of both Newsweek magazine and the Daily Beast; current Beast president Stephen Colvin will be...

Daily Beast, Newsweek Kill Merger Talks

Tina Brown, Stephen Harman unable to agree on editorial control

(Newser) - The Daily Beast and Newsweek have pulled off a pre-marital divorce, reports the Wall Street Journal , with merger talks breaking down over the weekend over the finer points of editorial control. Though both parties stood to save costs by consolidating the editorial staff, the Journal notes that Beast co-owners Tina...

Pointers for a Good Marriage—or Business Deal

Turn your relationship into a strategic alliance

(Newser) - With visions of June brides dancing in her head, Harvard Business School professor Rosabeth Moss Kanter has advice for newlyweds. Her 15 pointers apply equally well to companies executing deals—not mergers, in which "one company disappears," but alliances and partnerships. Some highlights, from the Harvard Business Review...

Feds Tear Into Ticketmaster Merger

Antitrust officials weigh concessions for Live Nation deal to pass

(Newser) - Concerned Justice Department are considering blocking a deal that would create a music industry behemoth—unless major concessions are made. Antitrust officials are worried about the effect the proposed Ticketmaster-Live Nation merger would have on consumer cost and may require the companies to make major concessions, insiders tell the Wall ...

Rise in Mergers Signals Fresh Confidence
Rise in Mergers 
Signals Fresh Confidence 
ANALYSIS
Sep 29, 2009 3:00 AM CDT

Rise in Mergers Signals Fresh Confidence

Chief execs becoming more bullish about recovery prospects

(Newser) - Mergers and acquisitions activity is still way down from pre-financial crisis levels, but a recent flurry of big deals suggests America's chief executives are regaining confidence in their own businesses. Recent mergers have involved strategic buys by big companies instead of the debt-fueled private equity buys seen a couple of...

Stories 21 - 40 | << Prev   Next >>