mergers and acquisitions

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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...

NYSE Sells to Rival Exchange for $8.2B

Iconic 220-year-old exchange sells to competitor

(Newser) - InterContinentalExchange Inc. has agreed to buy NYSE Euronext, the company that owns the New York Stock Exchange, for $8.2 billion, the two companies announced this morning. ICE, an Atlanta-based commodity exchange, says it intends to leave the NYSE's branding alone, and would explore an IPO for Euronext, spinning...

Delta Buying 49% of Virgin Atlantic

Deal will give it a larger share of NY-to-London market

(Newser) - Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Delta plans to form a joint venture with Virgin Atlantic where the two airlines would share money from the flights operated under...

Japan's SoftBank Snapping Up 70% of Sprint

$20.5B deal a record for Japan

(Newser) - Japanese telecom giant SoftBank has finalized a $20.1 billion deal to buy 70% of American wireless carrier Sprint, reports the AP . The deal announced in Tokyo today is the biggest-ever foreign takeover by a Japanese company and still needs to be approved by Sprint shareholders and American regulators. The...

Megadeal's Collapse Shakes Up Arms Industry

Failure of BAE-EADS merger makes more big deals unlikely

(Newser) - A deal to create a European defense and aerospace giant to rival Boeing and Lockheed Martin has collapsed and more weapons megadeals now look unlikely, Reuters finds. The proposed $45 billion merger between Britain's BAE Systems and Airbus maker EADS fell through after political leaders in Britain, France, and...

Bank of America to Pay $2.43B in Merrill Lynch Settlement

Firm still denies claims it misled investors

(Newser) - Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch. The lawsuit was filed on behalf of investors that bought or held Bank of America stock when the company announced its plans to buy Merrill as...

Barry Diller's IAC Grabs About.com for $300M

New York Times Company to unload business it bought for $400M

(Newser) - The New York Times Company is shedding About.com and its sister sites, and they're being snapped up by Barry Diller's IAC. The Times Company had earlier considered a $275 million bid by Answers.com, but will instead sell the About network to IAC for some $300 million...

Google Buys Frommer's Travel Guides

Brand may be combined with Zagat Survey

(Newser) - Apparently Google loves big-name guidebooks. The search giant has agreed to buy the Frommer's brand of travel guides for an undisclosed sum, Frommer's current owner, John Wiley & Sons, tells the Wall Street Journal . Wiley had been publicly trying to unload the brand, saying it no longer fit...

Digg Sold for Just $500K
 Digg Sold for Just $500K 
Jul 13, 2012 3:21 AM CDT

Digg Sold for Just $500K

Sale price makes former web darling bigger flop than MySpace

(Newser) - Social media site Digg—or, at least, what's left of it—has been sold to BetaWorks for the bargain-basement price of just $500,000, sources tell the Wall Street Journal . The site, which allows users to post links and vote other submissions up or down, was once one of...

Facebook's New Buy Had Huge Security Hole

Face.com app's flaw allowed Facebook, Twitter hijacking

(Newser) - Facebook has made a new acquisition, snapping up Israeli facial recognition firm Face.com in a deal believed to be worth up to $100 million. But while Face.com's technology—which is already used to auto-tag photos on Facebook—has plenty of fans, its KLIK mobile app had a...

Walgreen Makes Huge Overseas Play

Will buy 45% stake in Alliance Boots for $6.7B

(Newser) - Walgreen looks to have its sights set on being more than just America's largest drugstore chain. Like, perhaps, the world's... It today announced that it has acquired a 45% stake in the UK's Alliance Boots at a cost of $6.7 billion in cash and stock, with...

Facebook Might Make 2 More Acquisitions

Reports say Face.com and Opera are in its sights

(Newser) - Facebook is flush with IPO cash, and it's going shopping. Rumors started flying yesterday that the social network was near a deal to buy Face.com, the facial recognition software company behind the Klik mobile app. Sources tell TechCrunch that the deal is "definitely" happening, with a final...

FTC Inquiry May Delay Facebook's Instagram Deal

Second-quarter date sounds 'terrifically optimistic,' anti-trust lawyer says

(Newser) - Facebook and Instagram aren't likely to finish tying the knot by the second quarter as they'd originally intended, because the Federal Trade Commission has launched a competition probe into the deal. Investigators are already collecting information from competitors like Google and Twitter, sources tell the Financial Times . Competition...

Washington Post Buys Digg Techies ... but Not Digg
Washington Post Buys Digg Techies ... but Not Digg
sources say
May 1, 2012 7:27 AM CDT

Washington Post Buys Digg Techies ... but Not Digg

Former Web 2.0 darling left for dead

(Newser) - The Washington Post may have just dug Digg's grave. Yesterday The Next Web shocked much of the tech world with a report that the Post was buying the once-hot social media site, but it now looks like that's only partially true. TechCrunch later reported that the Post was...

Coke in Talks to Buy Monster

 Coke in Talks to Buy Monster 
Apr 30, 2012 12:50 PM CDT

Coke in Talks to Buy Monster

Would be Coke's biggest purchase

(Newser) - Coca-Cola is considering a monster purchase to get a bigger foothold in the world of energy drinks. The largest soft-drink company on the planet is in talks to buy Monster Beverage in what would be its biggest brand acquisition: Monster has a market capitalization of $11 billion, and the company...

CNN Looks Likely to Buy Mashable


 CNN Looks 
 Likely to Buy 
 Mashable 
MEDIA RUMORS
Mar 12, 2012 12:12 PM CDT

CNN Looks Likely to Buy Mashable

Move would link traditional, new media

(Newser) - CNN is deep into talks to purchase social media news site Mashable, insiders tell the New York Times , which confirms an earlier Reuters report. It would be CNN's biggest-ever buy, costing well beyond the estimated $20 million purchase of app maker Zite last autumn. The news is thrilling South...

Investors Snapping Up Daily Papers

Real estate a major factor in sale of 71 papers last year

(Newser) - Despite plunging revenue and circulation figures, plenty of people in America are still buying daily newspapers—lock, stock, and valuable headquarters. Some 71 daily papers were sold last year, and while some investors see buying a paper as a civic duty, others view it as a way to turn a...

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...

Yahoo Attracts Many Suitors, Weak Offers

$20.6B price way down from 2008

(Newser) - The good news: There are plenty of suitors shopping for the 19.9% minority stake Yahoo is peddling. The bad news: Everybody's looking for a deal. A Microsoft-linked private equity group has put in a bid that values the onetime behemoth at $20.6 billion, reports the Guardian —...

AT&T, T-Mobile Withdraw Merger Bid (for Now)

They yank application from FCC but haven't given up on the deal

(Newser) - AT&T and T-Mobile have unexpectedly withdrawn their merger application from FCC consideration. While the move hints at trouble for the $39 billion deal, the companies say they’re not giving up, Politico reports. Instead, they’ll focus on getting approval from the Justice Department—either by winning an antitrust...

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