Tag: Mergers, Acquisitions and Divestitures

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 […]

Read More

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 […]

Read More

How Each Big Tech Company May Be Targeted by Regulators

Amazon, Apple, Facebook and Google have been the envy of corporate America, admired for their size, influence and remarkable growth. Now that success is attracting a different kind of spotlight. In Washington, Brussels and beyond, regulators and lawmakers are investigating whether the four technology companies have used their size and wealth to quash competition and […]

Read More

Philip Morris and Altria Are in Talks to Merge

The tobacco giants Philip Morris International and the Altria Group are in talks to reunite, the companies said on Tuesday, in a deal that would combine the most popular brands of both traditional and electronic cigarettes. The merger would be a boost for Altria’s investment in Juul, the e-cigarette juggernaut. Juul has been trying to […]

Read More

Never Mind Brexit. Peppa Pig and British Pubs Are Attracting Buyers.

Britain’s negotiations to leave the European Union appear stuck. Businesses have loudly complained about post-Brexit uncertainty. The British economy is shrinking. And yet, businesses and investors from around the world are still lining up to spend billions on major London-listed assets. In the last week, Greene King, a large British brewer that owns 2,700 pubs, […]

Read More

What’s Next for Tumblr?

ImageMatt Mullenweg just loves blogs.CreditPascal Lauener/Reuters Tumblr was sold this month, reportedly for a bargain-basement price, to Automattic, the parent company of WordPress. This was exciting news to Tumblr users, whose platform could be called the last bastion of a friendly social internet. As the big networks have become dangerously bigger, nostalgia for the kinder, […]

Read More

CBS and Viacom Reunited in Deal That Marks Ascendance of Shari Redstone

After more than a decade apart, CBS and Viacom agreed to merge on Tuesday in a deal that will reunite a roster of once-mighty media businesses. Viacom’s Paramount film studios and MTV and Nickelodeon cable networks will be added to the broadcast giant CBS and book publisher Simon & Schuster. Viacom Chief Executive Robert M. […]

Read More

As Saudis and Indians Grow Closer, a $15 Billion Deal Blooms

MUMBAI, India — Underscoring its desire for stronger ties to India and the country’s 1.3 billion people, Saudi Arabia’s state-owned oil giant is buying 20 percent of the petroleum-related businesses of Reliance Industries, one of India’s biggest companies. The $15 billion investment, which Reliance announced on Monday, is a vote of confidence by the Saudis […]

Read More

How Facebook Is Changing to Deal With Scrutiny of Its Power

SAN FRANCISCO — Senator Elizabeth Warren has called for the breakup of big tech companies like Facebook. Regulators have opened investigations into Facebook’s power in social networking. Even one of Facebook’s own founders has laid out a case for why the company needs to be split up. Now the world’s biggest social network has started […]

Read More

Disney Earnings Disappoint in First Full Quarter After Fox Deal

The Walt Disney Company reported weak quarterly results Tuesday, the result of escalating streaming-service losses, underperforming 21st Century Fox assets and lower-than-expected theme park attendance. In its first full quarter since closing a $71.3 billion deal to acquire most of Rupert Murdoch’s Fox entertainment businesses, Disney had a profit of $1.44 billion, a 51 percent […]

Read More

GateHouse Media Owner to Acquire Gannett for $1.4 Billion

An agreement between two large newspaper chains on Monday laid the groundwork for a new publishing behemoth. New Media Investment Group, which controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other local publications nationwide. Once combined, GateHouse and Gannett will publish more than […]

Read More

HBO’s ‘Succession’ Tries to Get the Merger-Mad Media Industry Right

Last summer Rupert Murdoch was preparing to hand over the bulk of his empire in a sale that would put an end to a cocktail-party pastime in London, New York and Los Angeles: Which of his legacy-obsessed children would be taking over the family business? The answer, when it came, was both unexpected and poetic: […]

Read More

Dean & DeLuca Sinks Further Into Debt

Dean & DeLuca, the debt-ridden global chain of luxury food shops, has defaulted on federally mandated payments to former employees and stalled payments to current employees in the United States, according to accounts from employees and documents received by The New York Times. The parent company, Pace Development in Bangkok, did not respond to repeated […]

Read More

‘Man, Oh Manischewitz’: Kosher Food Merger Opens New Chapter for Famous Name

For generations, the name Manischewitz was practically synonymous with kosher foods and wine. No Passover Seder seemed authentic without its square-shaped, ripple-faced matzo and a shot or more of the syrupy Concord grape wine that many find cloying yet nostalgic. And its slogan — “Man, oh Manischewitz” — was broadcast so ubiquitously throughout the years […]

Read More

Pfizer Is to Merge Off-Patent Drug Unit With Mylan

Pfizer agreed on Monday to combine its off-patent drugs division, which controls treatments like Lipitor, with the pharmaceutical company Mylan, creating a powerhouse in the business of medicines without patent protections. The transaction comes as the generic drug business faces pressure because of falling prices, a fact often overlooked as Americans grapple with escalating prices […]

Read More

Pfizer Is Said to Plan a Deal for Its Off-Patent Drugs Unit

Pfizer is near a deal to combine its off-patent drugs division — which includes best-selling treatments like Viagra — with Mylan, the maker of the EpiPen emergency allergy treatment, to create a new giant in the business of drugs without patent protections, two people briefed on the matter said. A deal could be announced as […]

Read More

A Bad Deal for Mobile Phone Customers

The Justice Department apparently thinks that Americans will benefit from competition among at least four major mobile phone companies. That is the clear logic of its decision on Friday to bless the marriage of T-Mobile and Sprint, two of the four existing mobile phone giants, on the condition that they clear the way for the […]

Read More

T-Mobile and Sprint Are Merging. What Does That Mean for You?

It’s finally happening: T-Mobile and Sprint, the No. 3 and No. 4 American phone carriers, are uniting. The carriers, which trail AT&T and Verizon in size, have been angling to combine for a long time. On Friday, the Department of Justice approved the deal, after the Federal Communications Commission had also signaled that the union […]

Read More

T-Mobile-Sprint Merger Is Approved by Justice Dept., Clearing Major Hurdle

The Justice Department on Friday approved the merger of T-Mobile and Sprint, the third- and fourth-largest wireless companies in the United States, moving the deal one crucial step closer to completion years after the two carriers first explored joining forces. Under the terms of the deal, T-Mobile, the larger of the two companies, would pay […]

Read More

CBS Is Blacked Out for 6.5 Million AT&T Customers. Here’s Why.

CBS, the nation’s most-watched television network, went dark for more than 6.5 million AT&T customers early Saturday after the two companies couldn’t agree on a new contract. The network, with hits like “Big Brother,” was cut off from AT&T’s satellite service DirecTV as well as the landline-delivered U-verse and DirecTV Now, the live streaming product. […]

Read More