mergers and acquisitions

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Burger King Goes Canadian With $11B Tim Hortons Buy

Merger would move company's base, save a bundle in taxes

(Newser) - Burger King is confirming an $11 billion buy of Canada's iconic Tim Hortons coffee chain that will create Earth's third-biggest fast-food company and settle its headquarters in Canada—where corporate tax rates are conveniently around 26%, compared to a basic rate of 35% in the US. The merger...

Dollar General Opens Bidding War

Makes $9.7B offer for Family Dollar, topping Dollar Tree's $8.5B bid

(Newser) - There's now a bidding war for Family Dollar, with Dollar General today offering about $9.7 billion for the discounter in an effort to trump Dollar Tree's $8.5 billion bid last month. Dollar General Corp. said today that it would pay $78.50 per share in cash,...

Fox Drops Bid to Grab Time Warner

Rupert Murdoch is moving on

(Newser) - A deal that would have combined two of the world's biggest media companies is no more—21st Century Fox is abandoning its attempt to take over Time Warner . The about-face announced today comes three weeks after Time Warner revealed that it had rejected 21st Century Fox's unsolicited $76...

New Real Estate Behemoth: Zillow Buys Trulia for $3.5B

All-stock deal may drastically affect real estate agents' livelihood

(Newser) - Apparently, we're starting the workweek with competitors eating each other for breakfast. First Dollar Tree announced it would be buying rival Family Dollar, and now real estate heavyweight Zillow is snatching up competitor Trulia for a hefty $3.5 billion, reports the AP . The all-stock deal will result in...

Now on Fox's Shopping List: Time Warner

$80B offer rebuffed, but Murdoch unlikely to give up

(Newser) - Rupert Murdoch's 21st Century Fox made an $80 billion bid to buy Time Warner last month, sources tell the New York Times , and while Time Warner replied with what's described as a "terse letter" of rejection, the sources say Murdoch is locked in and unlikely to give...

$27B Tobacco Merger Creates Cigarette 'Duopoly'

Reynolds, Lorillard to merge

(Newser) - Reynolds American, the maker of Camel and Pall Mall cigarettes, has agreed to buy Lorillard, the maker of Newport menthols, in a deal that will make it a strong second to Marlboro manufacturer Altria in the US tobacco market, the Wall Street Journal reports. Reynolds will pay a combination of...

Tyson Wins Hillshire Farms Sweepstakes—for $7.7B

Almost $1B more than rival Pilgrim's Pride offered

(Newser) - Tyson Foods has won the bidding war to buy Hillshire Brands, topping an offer from rival Pilgrim's Pride by almost a billion dollars, the Wall Street Journal reports. Tyson will pay $63 a share in cash for Hillshire, which makes Jimmy Dean sausages and Ball Park franks, among other...

Apple Makes Dr. Dre Hip-Hop's Richest Man

'Star-struck' firm pays record $3B for Beats Electronics

(Newser) - Apple has made the biggest buy in its history—and made Dr. Dre the richest man in hip-hop history. The company has confirmed that it is buying Beats Electronics for $3 billion, down from the $3.2 billion discussed earlier this month , reports Bloomberg , which notes that Apple is sitting...

YouTube Makes $1B Play for Game Streaming Site: Report

Company looks to acquire Twitch

(Newser) - YouTube is on the verge of a $1 billion-plus deal to buy Twitch, sources tell Variety . If you're not nerdy enough to know, Twitch is a popular destination for video game fans, where top players (or anyone, really) stream video of their play sessions. The company boasts that it...

AT&T Agrees to Buy DirecTV in $48.5B deal

Acquisition would create 2nd-biggest US pay TV operator

(Newser) - AT&T Inc. today agreed to buy DirecTV for $48.5 billion, or $95 per share, a move that gives the telecommunications company a larger base of video subscribers and increases its ability to compete against Comcast and Time Warner Cable, which agreed to a merger in February. AT&T'...

AT&T Eyes $50B Play for DirecTV

Deal may complicate Comcast merger

(Newser) - AT&T is in active talks to buy DirecTV for around $50 billion, multiple outlets are reporting, with the deal potentially coming in a matter of weeks. The move could have implications for Comcast's purchase of Time Warner, because anti-regulators may want to look at both deals together, the...

Comcast Gets Rid of 3.9M Customers to Ease Merger

It sells 1.4M, spins off 2.5M more

(Newser) - Comcast today announced a pair of moves that will rid it of a combined 3.9 million subscribers, in an attempt to make its Time Warner merger sit more easily with regulators. Comcast will sell 1.4 million subscribers to rival (and previous Time Warner suitor) Charter Communications for $7....

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...

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