mergers and acquisitions

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Google Ditches Motorola
 Google Ditches Motorola 
Jan 30, 2014 7:54 AM CST

Google Ditches Motorola

Smartphone unit sold to Lenovo for $2.91B

(Newser) - Google is selling Motorola Mobility to Lenovo for $2.91 billion, the companies announced yesterday, ending what Bloomberg/Businessweek is calling "a rare misadventure" for the big G. Google will retain the "vast majority" of Motorola's patents—which were cited as a major reason for the acquisition in...

Great, Google Is Taking Over Our Homes, Too
Great, Google Is Taking Over Our Homes, Too
OPINION
Jan 15, 2014 1:46 PM CST

Great, Google Is Taking Over Our Homes, Too

Acquisition of Nest is more like an 'annexation,' writes Dan Hon

(Newser) - So Google just dropped $3.2 billion to acquire Nest , a maker of "smart" home thermostats and smoke alarms. Another ho-hum business acquisition? Far from it, writes Dan Hon at Wired . In fact, don't think of it as an acquisition, he suggests. Think "annexation." As in,...

Google Drops $3.2B on 'Smart Thermostat' Maker

Firm pays $3.2B for Nest

(Newser) - The Google empire is extending its reach into the heart of people's homes with its acquisition of Nest, a maker of Internet-connected fire alarms and thermostats. Google, which coughed up $3.2 billion in cash for the start-up, says Nest will continue to operate independently, though co-founder Matt Rogers...

Fiat Nabs Rest of Chrysler— at a Pretty Good Price

Deal will make Fiat world's 7th-largest auto group

(Newser) - America's No. 3 automaker has gone Italian. Fiat yesterday announced it has struck a $4.35 billion deal with the United Automobile Workers retiree health care fund that will see it buy the 41.5% of Chrysler it doesn't own, the New York Times reports. Per the deal,...

Coming Soon: Mega-Agency for Actors, Athletes

William Morris, IMG tie the knot

(Newser) - What do Oprah Winfrey and Maria Sharapova have in common? Soon, they could both be represented by the same company. Hollywood talent titan William Morris Endeavor Entertainment has reached a deal to buy the massive sports agency IMG Worldwide, the companies announced today . "IMG has incredible strategic value,"...

Biggest US Funeral Company Grows Despite Fears, Protests

Services Corporation International already owns 1,800 funeral homes

(Newser) - Vladimir Belostotsky was bowled over by the bill for his mom's funeral: $9,000. Luckily a lawyer helped him cut the fee by more than half, but he's still resentful that the Maryland funeral home overcharged him. "They take advantage of people in need," he said....

Feds to Let American, US Airways Merge

World's biggest airline will give up runway space, flights in key cities

(Newser) - The feds have agreed to allow American Airlines and US Airways to merge, a move that will create the world's biggest airline. The Justice Department agreement requires the airlines to scale back the size of the merger at Washington's Reagan National Airport and in other big cities, and...

BlackBerry Dumps Plan to Sell, CEO

New direction involves raising $1B from investors

(Newser) - BlackBerry pulled the rug out from under customers today, announcing that it was ditching its plan to sell itself to Fairfax Financial Holdings —and CEO Thorsten Heins along with it, the Wall Street Journal reports. Today was supposed to be the day BlackBerry "firmed up" the Fairfax deal...

BlackBerry Deal Full of Holes
 BlackBerry Deal Full of Holes
OPINION
Sep 24, 2013 11:39 AM CDT

BlackBerry Deal Full of Holes

Rolfe Winkler advises selling stock if you've got it

(Newser) - If you're a BlackBerry shareholder, Rolfe Winkler at the Wall Street Journal thinks you should sell while the selling's good. Fairfax Financial Holdings struck a deal yesterday with BlackBerry that, Winkler writes, is a little like a guy saying "he will buy your falling-down house for millions...

BlackBerry Sells Itself for $4.7B

Fairfax Financial, the smartphone pioneer's largest shareholder, buys it

(Newser) - It looks like the days of BlackBerry being an independent company are over. Trading on shares of the company was halted today when the company made it known that it had a major announcement coming. The announcement: It had signed a letter of intent to be purchased by Fairfax Financial...

Microsoft Buys Nokia's Phone Side for $7.2B

And it may have nabbed a new CEO in the process

(Newser) - Two firms largely left in the dust by the smartphone era are set to become one with Microsoft's $7.2 billion acquisition of Nokia's cell phone business. "It's a bold step into the future," said Microsoft CEO Steve Ballmer, who plans to step down within...

Verizon, Vodaphone CEOs Strike Vast Deal—at the Gym

Verizon buys out Vodafone in 3rd-biggest deal ever

(Newser) - Things seem pretty cozy at the top in the world of telecommunications: Verizon has bought out its British partner Vodafone and the CEOs involved say the third-biggest corporate deal in history was forged in a San Francisco gym. "We got up early. We were both down at the gym...

NYSE to Buy Scandal-Plagued Libor
NYSE to Buy
Scandal-Plagued Libor
Jul 9, 2013 8:35 AM CDT

NYSE to Buy Scandal-Plagued Libor

But UK will still regulate it

(Newser) - Hey buddy, wanna buy a disgraced financial metric? Because the New York Stock Exchange does. It's struck a deal to buy Libor, the benchmark for global short-term interest rates that became synonymous in recent years with complex stories about financial skullduggery thanks to a scandal in which the world'...

Dole Gets Buyout Offer From Own 90-Year-Old CEO

He thinks he'll live to 125 (thanks to banana peels?)

(Newser) - David Murdock is 90 years old, but if he gets his way, it will be awfully hard for anyone to force him into retirement. The Dole Food CEO is offering to buy the company he works for outright for $12 a share, in a deal that values the company at...

Meet Google&#39;s Next $1B Buy
 Meet Google's Next $1B Buy 
Jun 10, 2013 7:39 AM CDT

Meet Google's Next $1B Buy

Waze buy thwarts rivals, might raise anti-trust concerns

(Newser) - Google is close to finalizing one of the biggest acquisitions in its history, with a more than $1 billion deal for the maps and traffic app Waze, the Wall Street Journal reports. Here's what makes the move interesting:
  • Google already has a maps app. You might have heard of
...

Chinese Firm Gobbles Up Top US Pork Company

These days, China demands meat

(Newser) - In the biggest acquisitions ever of a US company by a Chinese one, Shuanghui International Holdings has agreed to buy Smithfield Foods Inc, the world's largest producer of pork. It's a fascinating purchase, and not just because of its huge size and the involvement of bacon. The deal...

Yahoo Promises Not to 'Screw Up' Tumblr

Tumblr CEO David Karp echoes that: 'We're not turning purple'

(Newser) - As Marissa Mayer puts it , "Tumblr. + Yahoo! = !!" As Tumblr CEO David Karp puts it , "F--- yeah." The two companies this morning announced that a definitive agreement has been reached and that Yahoo will indeed acquire Tumblr for $1.1 billion, a transaction that Mayer...

Yahoo to Buy Tumblr for $1.1B
 Yahoo to Buy 
 Tumblr for $1.1B 
May 19, 2013 11:50 AM CDT

Yahoo to Buy Tumblr for $1.1B

Board approves cash deal in 'foregone conclusion'

(Newser) - The rumors were apparently pretty accurate : Yahoo will indeed acquire Tumblr, and its board has approved a $1.1 billion cash deal for the blogging site. The board met today and unanimously OKed the deal, in what AllThingsD 's Kara Swisher reports was "a foregone conclusion." It'...

Report: Yahoo In 'Serious' Talks to Buy Tumblr

...but Facebook, Microsoft may be interested too

(Newser) - The tech world is abuzz today over reports that Yahoo is in talks to invest in, partner with, or just plain buy Tumblr, in an attempt to, to quote Yahoo CFO Ken Goldman, make the company "cool again." Goldman uttered those words earlier this week, saying that the...

Dish Offers Up $25.5B to Buy Sprint

...Even though SoftBank already has a deal to buy it

(Newser) - Dish Network wants to buy Sprint Nextel for $25.5 billion, the satellite TV company publicly declared today, in what the Wall Street Journal calls Dish's "most audacious attempt yet" to jump into the wireless business. The bid is unsolicited, which makes sense, given that Sprint already has...

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