acquisition

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South Korean Banks Offer $5.3B for Stake in Lehman

Newspaper says Korea Development Bank plans a consortium to pay for the deal

(Newser) - Korea Development Bank—which in August backed out of negotiations to acquire struggling Lehman Brothers—is back with bid for a 25% stake in the capital-starved bank for as much as $5.3 billion, reports the AP. The state-owned lender says it will form a consortium of South Korean banks...

Belgian-Brazilian InBev Buys Anheuser-Busch for $52B

Historic change for American beer king

(Newser) - Legendary American brewing company Anheuser-Busch has agreed to a $52 billion takeover bid by the Belgian-Brazilian InBev, building the largest beer firm in the world and ending over 150 years of ownership by the Anheuser and Busch families, the Wall Street Journal reports. The $70-per-share deal is a step up...

InBev Brews Plan to Oust Anheuser-Busch Directors

Company turns to shareholders in merger

(Newser) - InBev is turning up the heat in its $46.35-billion attempt to take over St. Louis-based Anheuser-Busch, seeking to replace the company's board with a new slate of directors. The move aims to allow shareholders a direct say on the merger bid that was spurned last month, reports the Wall ...

Weather Channel Sells for $3.5B

NBC, Blackstone, and Bain score cable stalwart for far under expected $5B

(Newser) - NBC is heading an investor group that will buy the Weather Channel for nearly $3.5 billion—well below the $5 billion Landmark Communications was expecting when it put the iconic cable channel up for sale in January. The group, which includes private equity firms Bain Capital and the Blackstone...

Yahoo, Microsoft Talks On Again
Yahoo,
Microsoft
Talks On Again
Jun 25, 2008 3:05 AM CDT

Yahoo, Microsoft Talks On Again

Microsoft may now be seeking partial deal, not full buyout

(Newser) - A deal may still be in the works between Microsoft and Yahoo—but not for a full acquisition of Yahoo, according to Fortune. Microsoft may be after Yahoo's search business, which the software giant needs to tackle competitor Google. Yahoo is also under investor pressure to revive talks. Its shares...

France Telecom Offers $42B for TeliaSonera

French telco looks to expand into Turkey and Russia

(Newser) - France Telecom’s long-anticipated takeover bid of Swedish telco TeliaSonera finally landed today—with a thud. TeliaSonera immediately rejected FT’s $42 billion cash-and-stock offering—worth some $10.33 per share—as too low, reports the New York Times. Investors appeared to disagree, pushing France Telecom stock down 4% in...

Smucker Nears Folgers Deal
 Smucker Nears Folgers Deal 
Jun 4, 2008 7:18 AM CDT

Smucker Nears Folgers Deal

Best part of waking up is market-leading coffee sales

(Newser) - A deal in which JM Smucker Co. will acquire Folgers from Proctor & Gamble is percolating and expected to close this week, the Wall Street Journal reports. The all-stock purchase, which could ring in at $2 billion or more, means Smucker will nearly double in size and take over the...

Yahoo Planned Huge Worker Walkout: Lawsuit

Execs also hid $1.5B Microsoft offer to employees

(Newser) - Yahoo planned to pay all 14,000 workers to quit if Microsoft bought the company in a recent takeover bid, a lawsuit unsealed today claims. The shareholder complaint blasts execs for burying Microsoft's $1.5 billion offer to workers, and rejecting a $40-per-share offer last year. Yahoo tried to stop...

Microsoft Aims for Yahoo's Search Ad Biz

But execs don't like plan, which includes breaking up company

(Newser) - Microsoft's new offer to Yahoo includes breaking up the company and buying its search-advertising business, notions that have left Yahoo execs cold, the Wall Street Journal reports. Under the plan, Yahoo would sell its Asian assets and let Microsoft buy a minority stake in what's left of the company.

Microsoft, Yahoo in Talks for Partial Buyout

Transaction would involved partial purchase of Internet giant

(Newser) - Microsoft is back at Yahoo's bargaining table, this time seeking a partial acquisition of the Internet portal, the Wall Street Journal reports. Buyout talks fizzled earlier this month, but billionaire Carl Icahn's push for a proxy war has left Yahoo honchos feeling shareholder pressure to cut a deal, though today...

Microsoft Not About to Buy Facebook (or Yahoo)
Microsoft Not About to Buy Facebook (or Yahoo)
analysis
May 9, 2008 4:24 PM CDT

Microsoft Not About to Buy Facebook (or Yahoo)

Everything else is just rumor

(Newser) - Rumors that Microsoft is about to buy Facebook are just rumors: Despite the press corps’ desire to keep the Microsoft acquisition jones alive, it's not going to happen anytime soon, writes David Kirkpatrick in Forbes. And talk of the Yahoo deal suddenly resurfacing? Forget about it. Still, Microsoft may be...

MySpace Web's 'Biggest Steal'
MySpace Web's 'Biggest Steal'
OPINION
May 8, 2008 3:22 PM CDT

MySpace Web's 'Biggest Steal'

Despite missing revenue targets, Mashable scribe not afraid to 'wax poetic'

(Newser) - MySpace fell short of revenue targets in the most recent quarter, but, Adam Ostrow argues in Mashable, it’s still proven a phenomenal deal since Rupert Murdoch’s News Corp. bought it for $580 million in 2005. Revenues from its unit are pulling close to its purchase price and it’...

Yahoo Faces Lawsuits, Rough Ride on Wall Street

Turning down Microsoft's sweetened bid may cost company in coming weeks

(Newser) - At least seven lawsuits already have been filed against Yahoo for its handling of Microsoft’s bid to acquire the Internet portal and lawyers say the company is likely to face more, reports Reuters. Microsoft withdrew a $33-per-share offer Saturday—a 70% premium above Yahoo’s share price three months...

Mars Buys Wrigley, With Assist From Buffett
Mars Buys Wrigley, With Assist From Buffett
UPDATED
Apr 28, 2008 8:05 AM CDT

Mars Buys Wrigley, With Assist From Buffett

Proposed purchase could push Hershey into merger to compete

(Newser) - M&Ms-maker Mars, backed by Warren Buffett, has made a deal to buy Wm. Wrigley Jr. Co. for about $23 billion, reports the New York Times. The acquisition is likely to force other candy makers like Hershey and Cadbury Schweppes into mergers to maintain market share against a powerful conglomerate...

Ballmer to Yahoo: That's Our Final Offer

CEO not impressed by Yahoo's Q1 profits

(Newser) - Microsoft won't raise its $44.6 billion takeover bid for Yahoo despite the Internet firm's strong first-quarter earnings, Bloomberg reports. "We are prepared to go forward without a merger," said CEO Steve Ballmer, who has threatened a proxy shareholder revolt to push the deal through, possibly at a...

Buffett Covets Euro Family Businesses

Billionaire investor scouts targets for $40B in cash

(Newser) - Warren Buffett is looking to put some of Berkshire Hathaway’s $40 billion in cash to work outside the US, targeting family-owned European businesses for acquisition, reports Bloomberg. Buffett—who Forbes magazine says is the world’s richest person--is going on a scouting tour next month to four European cities.

Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate...

Blockbuster Makes $1.35B Bid for Circuit City

Movie-rental chain takes its $6-$8 per share bid public

(Newser) - Movie-rental chain Blockbuster went public today with an offer to buy struggling consumer electronics retailer Circuit City for between $6 and $8 a share, reports the Wall Street Journal. Blockbuster made the offer—worth up to $1.35 billion—in February, but said Circuit City hasn’t opened its books....

Yahoo Investor Calls Microsoft Threat a Blunder

Stakeholder Legg Mason will support Yahoo if Microsoft tries to drop price

(Newser) - Yahoo received a tepid endorsement from its second-largest shareholder yesterday as its takeover battle with suitor Microsoft continued to heat up, the Wall Street Journal reports. Legg Mason, which holds a 7% stake in Yahoo, said it would back an independent Yahoo before it would sell its stake at a...

Murdoch Heir's Deal for Aussie Media Mainstay Falls Apart

Consolidated Media won't budge on price

(Newser) - A $3 billion bid for control of Australia's Consolidated Media Holdings by Rupert Murdoch’s son, Lachlan, is dead in the water after Murdoch’s financial backers and CMH—a major magazine and TV player—failed to agree to a price for the takeover, the Australian reports today. The original...

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