mergers and acquisitions

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Facebook Drops $2B on Virtual Reality Pioneer

Oculus buy 'creeps out' game makers

(Newser) - Facebook has bought pioneering virtual-reality headset maker Oculus for $2 billion, and Mark Zuckerberg is pretty excited about it. The startup's immersive headset for video game developers has been a big hit, but Facebook appears ready to take virtual reality beyond gaming, Business Insider finds. "After games, we'...

What Is Facebook Thinking?
 What Is Facebook Thinking? 
OPINION
Feb 20, 2014 8:37 AM CST

What Is Facebook Thinking?

$19B purchase of WhatsApp raises all kinds of questions

(Newser) - Facebook just spent $19 billion —yes, that's billion, with a "b"—on a messaging app that's relatively unheralded for a service with 450 million users. Why? How? Are they crazy? Here's what people are saying:
  • The acquisition is all about teenagers, writes Cade Metz
...

Facebook to Pay $19B for Message Network WhatsApp

Facebook's shares drop on word of the deal

(Newser) - Facebook is apparently mighty impressed with WhatsApp, a messaging app for smartphones: Mark Zuckerberg's company announced today that it plans to buy WhatsApp for up to $19 billion in cash and stock. WhatsApp claims 450 million monthly users, and the deal is further proof that Facebook "is willing...

On What Planet Is the Comcast Merger OK?
On What Planet Is
the Comcast Merger OK?
OPINION
Feb 17, 2014 12:44 PM CST

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already...

Jos. A. Bank Grabs Eddie Bauer for $825M

Combined company expects $2.1B in sales this year

(Newser) - Men's Wearhouse really wants to buy rival Jos. A. Bank, but the deal announced today is all about the latter, not the former. Jos. A. Bank is buying Eddie Bauer's parent company in a cash and stock deal worth $825 million, Bloomberg reports. The combination will allow "...

Can Cable Competition Possibly Get Worse? Yes
Can Cable Competition Possibly Get Worse? Yes
OPINION
Feb 13, 2014 4:45 PM CST

Can Cable Competition Possibly Get Worse? Yes

Proposed merger takes it from 'zero to two times zero,' writes Matthew Yglesias

(Newser) - Comcast and Time Warner Cable say their proposed merger into one massive cable company will help consumers. The deal "does not reduce competition in any market or in any way," insists Comcast CEO Brian Roberts. Well so what, is a common refrain among analysts—competition is already so...

Cable Titans Comcast, Time Warner to Merge

Comcast to buy Time Warner for $45.2B

(Newser) - Comcast is confirming plans to snap up Time Warner Cable in a deal that would merge America's two biggest cable operators into a behemoth with more than 33 million subscribers, reports the AP . The all-stock, $45.2 billion deal values TWC at around $159 a share, far above the...

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'...

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