mergers and acquisitions – News Stories About mergers and acquisitions - Page 11

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

May 28, 2010 12:30 PM CDT

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...

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

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

Apr 7, 2010 5:47 PM CDT

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
—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

Feb 1, 2010 8:41 AM CST

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

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

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

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

Dec 17, 2009 9:22 PM CST

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

Dec 14, 2009 10:00 AM CST

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 & 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

Nov 30, 2009 8:02 PM CST

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

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

Nov 3, 2009 8:41 AM CST

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

Nov 2, 2009 6:21 PM CST

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,...

Ford Looks to Sell
Volvo to China

Oct 28, 2009 8:52 AM CDT

Ford Looks to Sell Volvo to China

Geely is only bidder remaining for Swedish subsidiary

(Newser) - Ford put its Volvo unit up for sale last December, and it's narrowed the possible buyers to just one bidder: a Chinese consortium led by Geely, the country's largest private automaker. Geely first approached Ford about the purchase in summer 2008 and is prepared to pay about $2 billion, less...

Google Moves In
on Online Music

Oct 21, 2009 1:13 PM CDT

Google Moves In on Online Music

Search giant to partner with streaming/download services

(Newser) - Google is getting into the online music business. TechCrunch has learned that the search giant will partner with iLike and LaLa to integrate clips into its search engine. An announcement is planned for October 28. Both companies allow streaming on first access, a 30-second clip thereafter, and the option to...

Feds Tear Into
Ticketmaster Merger

Oct 16, 2009 1:41 AM CDT

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 ...