mergers and acquisitions

Stories 181 - 200 | << Prev   Next >>

Southwest Airlines to Buy AirTran for $1.4B

Will help it compete with Delta in Atlanta

(Newser) - Southwest Airlines will buy AirTran for about $1.42 billion, the companies announced today. The move will put Southwest in head-to-head competition with Delta in Delta's home base of Atlanta. The buyout, funded mostly with debt, will also give Southwest a bigger slice of the market in cities like Boston...

Intel's Purchase of McAfee Baffles Analysts

Researchers line up to pan acquisition

(Newser) - Intel agreed to buy McAfee for $7.68 billion today, leaving analysts slack-jawed with disbelief. “I would love to be wrong, but I think we may all look back five years from now and say, 'Wow. That was a big mistake,’” one Forrester analyst tells PC World...

AOL Unloading Bebo for Massive Loss

$850M buy being sold off at rock-bottom price

(Newser) - AOL's ride on the social networking bandwagon appears to have been a blunder costing close to a billion dollars. The company is in the final stages of making a deal to sell floundering Bebo, which it bought for $850 million in 2008, for a price thought to be in the...

Murdoch Trying to Buy Sky TV
 Murdoch Trying to Buy Sky TV  
Jun 15, 2010 8:35 AM CDT

Murdoch Trying to Buy Sky TV

British pay channel turns down bid for 61% share

(Newser) - News Corp is in hot pursuit of British Sky Broadcasting, offering it $11.5 billion for the 61% of the British pay channel it doesn’t already own, according to the company’s own Wall Street Journal . That 700 pence-per-share offer was an improvement on the 675 pence-per-share reported last...

Zuckerberg: I Don't Care About Money

Revenue 'factors in, like, not at all'

(Newser) - Mark Zuckerberg went on a revealing rant the other day when asked how Facebook's new privacy settings would affect its business model. “We didn't talk about revenue at all,” he replied, and implied that he and his cohorts never thought about it. He said they genuinely believe Facebook...

The Age Of Facebook: Excerpts From The New Book By David Kirkpatrick
 Facebook: 
 The Frat House Years 
Book Excerpt
May 6, 2010 12:27 PM CDT

Facebook: The Frat House Years

Young company run like a rowdy dorm

(Newser) - The house was overrun with partying college students. Broken beer bottles were frequently swept carelessly into the pool—which drunken guests would leap into by jumping off a zip-line slung from the chimney. That's what Facebook's first “headquarters” was like, according to excerpts, published by Fortune , from David Kirkpatrick's...

For Sale: Ailing Newsweek
 For Sale: Ailing Newsweek 
May 5, 2010 10:44 AM CDT

For Sale: Ailing Newsweek

Washington Post Co. cites mounting losses

(Newser) - The Washington Post Company is looking for someone to take Newsweek off its hands, the company announced in a press release today (to the apparent surprise of Newsweek's Tumblr ). “The losses at Newsweek in 2007-2009 are a matter of record,” said Donald Graham, chairman of the Post...

United, US Airways in Merger Talks

Any deal is still several weeks away

(Newser) - Potentially big news for the struggling airline industry: United and US Airways are discussing a merger that would create the country's second-largest carrier, reports the New York Times . Any potential deal is still weeks away and could face any number of problems, including union opposition. The two companies have come...

Sun CEO Schwartz Quits &mdash;Via Tweeted Haiku
 Sun CEO Schwartz Quits 
 —Via Tweeted Haiku 
'CEO NO MORE'
Feb 4, 2010 9:30 AM CST

Sun CEO Schwartz Quits —Via Tweeted Haiku

Chief exec was expected to step down after signals from Oracle CEO

(Newser) - Sun Microsystems CEO Jonathan Schwartz is going out in geeky style with a tweeted haiku resignation. Schwartz has been in the crosshairs publicly since the CEO of Oracle, which just acquired Sun, said last week that he expected Schwartz to step down, Mashable reports. “Today’s my last day...

Nonprofits Under Pressure: Merge or Die

Boom spawned many small charities now forced to close doors

(Newser) - The recession is ravaging the nonprofit sector, forcing many to consolidate or disappear, even as demand for their services rises. Over the past 15 years, the number of registered nonprofits doubled to 1.5 million organizations. Now, as funds dwindle—private donations fell 6% throughout the sector in 2008, their...

GM Strikes $400M Deal to Sell Saab
GM Strikes $400M Deal
to Sell Saab 
Jan 26, 2010 12:53 PM CST

GM Strikes $400M Deal to Sell Saab

Dutch luxury car maker Spyker snaps up dying brand

(Newser) - GM has reached a deal to sell its otherwise doomed Saab brand to Dutch luxury car maker Spyker Cars NV for $74 million in cash and $326 million in preferred stock. The deal is dependent on Sweden agreeing to guarantee a $563 million European Investment Bank loan to the Swedish...

Kraft Closes in on Cadbury Deal
 Kraft Closes in on Cadbury Deal 
Jan 19, 2010 4:43 AM CST

Kraft Closes in on Cadbury Deal

British miffed as $19B takeover deal sealed

(Newser) - Kraft has won a sweet victory in its 4-month-long battle to take over Cadbury, according to sources who expect a deal to be announced today, barring last-minute complications. The British chocolate maker's board has agreed to accept Kraft's improved offer of roughly $19 billion in cash and stock in a...

Yelp Turns Down $550M Google Bid

 Yelp Turns Down 
 $550M Google Bid 
THANKS, BUT NO THANKS
Dec 21, 2009 12:48 PM CST

Yelp Turns Down $550M Google Bid

User reviews site may have been approached by rival

(Newser) - Crowd-sourced local business review site Yelp has backed out of a $550 million acquisition by Google that was thought to be almost certain just days ago. Michael Arrington, writing on TechCrunch , is uncertain as to why the deal fell apart, but surmises that “someone” came up with a counteroffer...

Google Near $500M Deal to Swallow Yelp

Site that lets users review local biz part of shopping spree

(Newser) - Google is on something of a shopping spree, and its next acquisition looks to be Yelp, the site that allows users to post reviews of local businesses. The price for fast-growing Yelp is in the $500 million range, TechCrunch reports tonight—a hefty jump from its $200 million valuation early...

Exxon to Buy Gas Company XTO Energy for $31B

All-stock deal will bolster Exxon's natural gas profile

(Newser) - Exxon Mobil has agreed to buy natural gas powerhouse XTO Energy for $31 billion in stock. Exxon’s been long rumored to be in the market for a natural gas company, hoping to take advantage of currently low prices, the Wall Street Journal reports. In XTO it’s nabbed a...

Editor &amp; Publisher Will Shut Down
 Editor & Publisher 
 Will Shut Down 
STOP THE PRESSES
Dec 10, 2009 12:16 PM CST

Editor & Publisher Will Shut Down

Hollywood Reporter, Billboard, go to private equity consortium

(Newser) - Editor & Publisher and Kirkus Reviews will shut down after the Nielsen Company today sold off most of its other magazine properties—including Billboard and the Hollywood Reporter—to a new media consortium. Nielsen spun the move as a chance “to strengthen investment in our core businesses,” reports...

Comcast's NBC Deal Gets Help With GE-Vivendi Pact

French outfit will sell Universal stake for $5.8B

(Newser) - Comcast’s acquisition of NBC Universal got a little closer to reality tonight with news that NBC’s parent company, General Electric, has a deal to buy the 20% of NBCU owned by France’s Vivendi—a stake that threatened to torpedo the sale to Comcast. GE would pay $5....

GM Won't Sell Opel After All
 GM Won't Sell Opel After All 
Nov 3, 2009 7:47 PM CST

GM Won't Sell Opel After All

European operations won't go to Canadian outfit

(Newser) - General Motors backed out today on a deal to sell Opel, its European arm, to a Canadian parts supplier and its Russian banking partners. The GM board’s move reflects an uptick in the auto business, the Financial Times reports, and will also be a blow to the German government,...

Buffett Bets on Recovery, Buys Burlington for $26B

Deal will be Berkshire Hathaway's largest ever

(Newser) - Berkshire Hathaway has agreed to buy up the 77.4% of railroad operator Burlington Northern Santa Fe it didn’t already own for $26 billion, in what would be Warren Buffett’s largest acquisition ever. “It’s an all-in wager on the economic future of the United States,”...

Stanley Adds $4.5B Tool to Its Belt: Black & Decker

Hand-tools giant merges with power-tools leader

(Newser) - Two of America’s iconic tool companies are merging, with Stanley buying up Black & Decker in a deal worth $4.5 billion in stock. Stanley Black & Decker, as it will be known, combined complementary facets of the business: B &D is No. 1 in power tools and,...

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