Tag: Mergers, Acquisitions and Divestitures

After Its Merger, Gannett Will Be the Largest Newspaper Publisher in the U.S.

It’s a go. Shareholders voted on Thursday to approve a deal that would join the two largest newspaper chains in the United States, all but guaranteeing the creation of a newspaper colossus that is likely to result in thousands of layoffs. The combination of GateHouse Media and Gannett — already the two largest newspaper owners […]

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The New Gannett Will Be the Largest Newspaper Publisher in the U.S.

It’s a go. Shareholders voted on Thursday to approve a deal that would join the two largest newspaper chains in the United States, all but guaranteeing the creation of a newspaper colossus that is likely to result in thousands of layoffs. The combination of GateHouse Media and Gannett — already the two largest newspaper owners […]

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Smith & Wesson Maker to Split Into Two Companies

American Outdoor Brands, which owns Smith & Wesson firearms, said Wednesday it would split into two companies. The move would leave an outdoor products business and hive off the firearms business into a separate publicly traded company. The decision was motivated by “significant changes in the political climate as well as the economic, investing, and […]

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Big Business Is Overcharging You

When Thomas Philippon moved to Boston from his native France 20 years ago, he was a graduate student on a budget, and he was happy to discover how cheap American telephone use was. In those days of dial-up internet connections, going online involved long local phone calls that could cost more than $10 apiece in […]

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Teens Love TikTok. Silicon Valley Is Trying to Stage an Intervention.

SAN FRANCISCO — Teenagers are gaga for TikTok. That’s why Silicon Valley is so worried about it. TikTok, which is run by a seven-year-old company in Beijing called ByteDance, allows people to create short, snappy videos and share them around the world. That simple concept has fueled its rise to quickly become one of the […]

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TikTok Said to Be Under National Security Review

The United States government has opened a national security review of a Chinese company’s acquisition of the American company that became TikTok, the hugely popular short-form video app, according to people briefed on the inquiry. The Committee on Foreign Investment in the United States, a federal panel that reviews foreign acquisitions of American firms on […]

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Google to Buy Fitbit for $2.1 Billion

Google is acquiring Fitbit, the maker of fitness-tracking devices, for $2.1 billion as the world’s largest tech companies expand further into health in pursuit of growth. The deal represents an aggressive attempt by Google to bolster its lineup of hardware products, which already includes smartphones, tablets, laptops and smart speakers. Fitbit makes a lineup of […]

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Fiat Chrysler and PSA, Maker of Peugeot, to Merge

Fiat Chrysler and PSA of France announced on Thursday that they plan to merge, a combination that would create one of the world’s largest carmakers. The announcement came after a round of board meetings on Wednesday. The two automakers will team up as the car industry confronts a range of challenging technological issues, including the […]

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Can PG&E Survive the California Wildfires?

California’s Pacific Gas & Electric problem isn’t going away. The giant utility has been in bankruptcy for months, and it is not clear who will end up controlling it. This uncertainty has extended into the wildfire season, exposing not just the shortcomings in PG&E’s fire-prevention efforts but also the threat that fire liabilities still pose […]

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LVMH Bid for Tiffany Is Said to Value It at $14.4 Billion

LVMH Moët Hennessy Louis Vuitton is already one of the world’s biggest luxury goods empires. Now it is interested in adding yet another high-end name to its coterie of brands: Tiffany, the famous seller of engagement rings and other jewelry. LVMH approached Tiffany & Company in recent weeks with an all-cash bid of about $120 […]

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‘It’s Definitely Pretty Empty’: Why Saving WeWork Will Be Hard

Even as WeWork was scrambling to secure a financial bailout last week, Sebastian Gunningham, one of its co-chief executives, made time to oversee the opening of Dock 72, an immaculate shiplike building on the Brooklyn waterfront that houses one of the company’s newest shared working spaces. As Mr. Gunningham posed for a ribbon cutting with […]

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How to Get a Better Deal From a Real Estate Agent

When I bought a home a few months ago, my real estate agent handed me a check worth tens of thousands of dollars — a rebate on his commission. Windfalls like that could become more common if home buyers demand better deals. Typically an agent earns a commission of perhaps 2.5 to 3 percent of […]

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Hong Kong Stock Market Retracts Offer to Buy London Exchange

TAIPEI, Taiwan — Hong Kong’s stock exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets. The surprise bid was initially presented four weeks ago as a way […]

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Ford Will Put Most of India Operations Into Mahindra Venture

Ford Motor announced Tuesday that it would put most of its operations in India into a joint venture to be headed by the Indian vehicle maker Mahindra & Mahindra, a bid to stanch Ford’s losses there. Mahindra will own 51 percent of the joint venture, which will take control of Ford’s assembly plant near the […]

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Vox Media Acquires New York Magazine, Chronicler of the Highbrow and Lowbrow

After more than 50 years of chronicling the highbrow, lowbrow, brilliant and despicable characters of the city whose name it took, New York Magazine has a new owner. On Tuesday, Vox Media agreed to acquire New York Media, the company behind the biweekly print magazine and five popular online offshoots, in an all-stock transaction. Neither […]

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When Mac & Cheese and Ketchup Don’t Mix: The Kraft Heinz Merger Falters

The 2015 merger between Kraft and Heinz created one of the largest food companies in the world. It had $28 billion in combined annual revenues and controlled dozens of food and beverage brands that for generations were staples of American households, including Heinz ketchup, Kraft cheese, Oscar Mayer meats and Planters nuts. These days, however, […]

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Banish Roundup From the Farm? It’ll Take More Than Lawsuits

From his farm in northwestern Wisconsin, Andy Bensend watched as first one jury, then another and another, delivered staggering multimillion-dollar verdicts to people who argued that their use of a weedkiller sold at nearly every hardware and home-improvement store had caused their cancer. Mr. Bensend has been using that product, Roundup, on his 5,000 acres […]

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London Stock Exchange Rejects Takeover Bid From Hong Kong

The London Stock Exchange on Friday rejected an unsolicited $37 billion takeover offer from its Hong Kong counterpart, saying that Hong Kong officials’ assertion that finalizing the deal would be swift and certain was “simply not credible.” London officials said in a letter to the Hong Kong Stock Exchange that they had fundamental concerns about […]

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Hong Kong Stock Exchange Offers to Buy Its London Counterpart

Hong Kong’s stock exchange operator said on Wednesday that it was offering to purchase the parent company of the London Stock Exchange in a deal that, if completed, would value the British company at nearly $37 billion. Hong Kong Exchanges and Clearing Limited said in a news release that a combination with the London Stock […]

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