Category: Mergers and Acquisitions

November 11, 2016

The U.S. banking industry has largely sat out the impressive surge in mergers and acquisitions activity of the last few years. Total deal volume hit a record US$2.3 trillion in 2015 — up 64 percent over 2014. But banks accounted […]

November 8, 2016

German postal and logistics group Deutsche Post DHL is not planning any major acquisitions and is relaxed about consolidation by others within the market in Europe, its chief executive said on Tuesday. PostNL on Monday rebuffed a revised offer from […]

November 3, 2016

Chipmaker Broadcom said it would buy Brocade Communications Systems for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers. The deal, the latest in a consolidating chip sector, will allow Broadcom to corner a […]

November 2, 2016

Tesla Motors said on Tuesday its $2.6 billion merger with SolarCity would add over $500 million in cash to the electric carmaker’s balance sheet over the next three years, while contributing over $1 billion to revenue in 2017. Shares of […]

October 31, 2016

General Electric, banking on a recovery in oil prices, said on Monday it would merge its oil and gas business with No. 3 oilfield services provider Baker Hughes. GE GE 2.34% will own 62.5% of the new publicly traded company, […]

October 24, 2016

AT&T Inc is in advanced talks to acquire Time Warner Inc, sources said on Friday, a potential blockbuster deal analysts predicted could be worth almost $100 billion that would give the telecom company control of cable TV channels HBO and […]

October 17, 2016

Tencent Holdings said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors including Chinese state-owned investment firms AVIC Capital and CITIC Capital. Tencent TCEHY 0.67% , China’s biggest gaming groupagreed in […]

October 17, 2016

Salesforce CEO Marc Benioff put the rumor mill to rest on Friday by telling the Financial Times that he wasn’t going to acquire Twitter because it’s “not the right fit.” We knew that. Salesforce shareholders had reportedly besieged Benioff with […]

October 14, 2016

PepsiCo Inc is nearing a deal to acquire sparkling probiotic U.S. drinks company KeVita, people familiar with the matter said on Thursday, in the latest push by the carbonated beverage giant to diversify its soft drinks business. The deal would […]

October 7, 2016

Verizon may not have bailed out of its deal to purchase Yahoo for $4.8 billion, but amid a growing case of bad news at the search engine company, the telecommunications giant is reportedly pushing to reduce the acquisition price by […]

October 6, 2016

China’s Lenovo Group LNVGY 2.71% is in talks to bring Fujitsu’s FJTSF 30.26% personal computer business under its control, allowing the Japanese company to focus on IT services and other businesses, a source with direct knowledge of the talks said. […]

September 28, 2016

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** SABMiller shareholders approved the brewer’s takeover by rival Anheuser-Busch InBev, paving the way for one of the biggest mergers in history. ** Phoenix Group Holdings, […]

September 28, 2016

With its recent acquisition of self-driving truck startup Otto, Uber is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet […]

September 12, 2016

Following the rumors that did the rounds last week, Samsung has nowconfirmed that it intends to sell its printer business to HP in a deal worth $1.05 billion. Samsung’s board of directors approved the sale of its Printing Business Unit […]

August 23, 2016

Snapchat is paying $110 million, with 75 percent in stock and 25 percent cash to acquire mobile contextual search engine Vurb. The deal also includes a $75 million retention bonus to keep Vurb founder and CEO Bobby Lo. Vurb touts […]

August 19, 2016

Here’s why Uber is so unbelievably aggressive: Its CEO believes he’s playing a zero-sum game. On Thursday, the ride-hailing company announced it has signed a $300 million deal with Volvo and acquired Otto, a young startup developing self-driving technology for […]

August 16, 2016

Oracle’s $9.4 billion acquisition of NetSuite late last month has Wall Street bankers frothing at the mouth on the hopes that the software giant is set to go on a spending spree of epic proportions. But while Oracle is no […]

August 8, 2016

I’d be lying if I said my week didn’t start off with a bang when rumors surfaced—and were soon confirmed—that Uber was selling off its Chinese business to local rival Didi Chuxing in a $35 billion deal. If you need […]

August 3, 2016

Brexit jitters will dampen global appetite for mergers and acquisitions until Britain clarifies when and how it will negotiate an exit from the European Union, according to a survey of dealmakers published on Wednesday. Some 70 percent of 1,001 M&A […]

July 26, 2016

Verizon’s long-expected deal to buy Yahoo’s core Internet assets is winning the acquiring telecom colossus lots of praise from pundits and analysts for adding “hundred of millions of eyeballs,” and affording the opportunity for major “cost synergies.” The chorus is […]