acquisition

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Michael Kors Scoops Up Jimmy Choo for $1.2B

Handbag maker trying to step up its game in luxury goods market with high-end shoes

(Newser) - Shoes and handbags go together like … well, Jimmy Choo and Michael Kors, now that the latter has agreed to purchase the former for $1.2 billion, the Wall Street Journal reports. Michael Kors is looking to bolster its business with the luxury shoe brand as sales of its own...

Burger King Owner Buys Popeyes for More Than $1.6B

Restaurant Brands also owns Tim Hortons

(Newser) - Doughnuts, hamburgers, and as of Tuesday … chicken. That's what's now on the menu for Restaurant Brands International, the owner of Burger King and Tim Hortons that just raided the fast-food henhouse to buy the Popeyes Louisiana Kitchen chain for nearly $1.65 billion, per the Wall Street ...

Chemical Brothers: Monsanto Acquired by Bayer for $66B

Bayer AG is paying big bucks to acquire the seed and weedkiller company

(Newser) - After months of courtship, German drug and farm chemical maker Bayer AG has finally reached an agreement to buy US seed and weedkiller company Monsanto, in a deal valued at $66 billion, the AP reports. In a statement Wednesday, Bayer said it's paying Monsanto shareholders $128 per share in...

Jet.com's Sale to Walmart Makes Random Guy a Millionaire

Eric Martin's $18K investment to pay off big-time

(Newser) - Sum up this story with whichever word you like: Luck. Foresight. Jealousy. In early 2015, Eric Martin spent $18,000 in a bid to win a contest being offered by the new startup Jet.com: Sign up the highest number of people for a preview version of the site, get...

Walmart Drops $3.3B on an Amazon Killer
 Walmart Drops $3.3B 
 on an Amazon Killer 
the rundown
Aug 8, 2016 8:50 AM CDT

Walmart Drops $3.3B on an Amazon Killer

Acquisition of Jet.com announced Monday

(Newser) - It's a year-old startup that wasn't yet profitable. Now Jet.com enters the books as the largest-ever e-commerce startup acquisition. Walmart announced Monday that it would purchase the site for $3.3 billion, with all but $300 million of that in cash; the rest takes the form of...

Microsoft Buying LinkedIn for $26B

Deal expected to close this year

(Newser) - Microsoft has just announced one of the biggest deals in its history, per the Telegraph . The company says it will buy LinkedIn for $26.2 billion in cash, or $196 per share—a 50% improvement on its closing price Friday, reports the Wall Street Journal . Microsoft says LinkedIn will "...

Comcast Just Bought DreamWorks for $3.8B

That's right—Shrek is marrying the Minions in possible bid to rival Disney

(Newser) - In animating news for DreamWorks, Comcast's NBCUniversal will scoop up the studio, behind such films as Kung Fu Panda and Shrek, in a deal worth $3.8 billion, the AP reports. The acquisition, which the Los Angeles Times says came together with "breathtaking speed," will result in...

Tech's 'Unluckiest Guy' Loses Big in Startup Sale

Chris Hill-Scott traded SwiftKey share for a bike in 2008

(Newser) - Somewhere out there, there's a bicycle that was traded for what turned out to be a multi-million dollar stake in a tech startup. The crazy tale involves the company SwiftKey and one of its founders, Chris Hill-Scott. Before the Swiftkey app tallied 300 million downloads and became a favorite...

$48B Health Care Deal Could 'Reshape Industry'

Anthem-Cigna news comes just weeks after Aetna-Humana announcement

(Newser) - In a deal that the Wall Street Journal says could "reshape the US health industry," Anthem has agreed to buy Cigna for more than $48 billion—forming a combined entity that will cover more than 53 million people. Just weeks after Aetna announced it plans to acquire Humana...

Electrolux to Buy GE Appliance Business in $3.3B Deal

Purchase should be approved by 2015

(Newser) - Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies announced today. The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second-biggest home appliance-maker after US rival Whirlpool. GE confirmed...

Apple Might Make Dr. Dre a Billionaire

Or close to it, if the company buys his Beats Electronics

(Newser) - Apple could be about to make its biggest deal ever, one that would make rapper and producer Dr. Dre a very rich man. Apple is in talks to buy Beats Electronics—known for its wireless headphones, speakers, and, most recently, a music streaming service—for $3.2 billion, the Financial ...

Founder Gets Avalanche of Money to Stay at Tumblr

If he sticks around til June 2017, David Karp gets $81M

(Newser) - Tumblr founder David Karp has about 81 million reasons to spend the next four years working his current job. The $1.1 billion sale of his baby to Yahoo back in May includes a retention payment of $81 million—$41 million in stock and $40 million in cash, the AP...

Avis Buying Zipcar for $500M


 Avis Buying Zipcar for $500M 
Jan 2, 2013 7:16 AM CST

Avis Buying Zipcar for $500M

Car-sharing company's stock has been rising

(Newser) - Car renting meets car sharing? Avis Budget Group has agreed to buy Zipcar for around $500 million, the Wall Street Journal reports. Avis will pay $12.25 per share, a 49% premium over Zipcar's closing price Monday. Zipcar's stock has risen in recent months as car sharing grows...

Microsoft Buying Yammer for $1.2B
 Microsoft Buying
Yammer for $1.2B
Jun 25, 2012 3:44 PM CDT

Microsoft Buying Yammer for $1.2B

Facebook-like startup offers social networking for the business world

(Newser) - Microsoft is paying $1.2 billion to buy Yammer, an Internet startup that has built a social network similar to Facebook for the business world. The deal announced today comes nearly two weeks after word of Microsoft's negotiations with Yammer first leaked out in published reports. Yammer provides ways...

FTC Inquiry May Delay Facebook's Instagram Deal

Second-quarter date sounds 'terrifically optimistic,' anti-trust lawyer says

(Newser) - Facebook and Instagram aren't likely to finish tying the knot by the second quarter as they'd originally intended, because the Federal Trade Commission has launched a competition probe into the deal. Investigators are already collecting information from competitors like Google and Twitter, sources tell the Financial Times . Competition...

Zuck Didn't Ask Facebook Board About Instagram Buy

Mark Zuckerberg hashed $1B deal out on his own

(Newser) - If you're wondering what was going through the minds of Facebook's board members when they decided to fork over $1 billion for Instagram, the answer is a big fat nothing. That's because the board of directors didn't play a role in OKing Facebook's biggest acquisition...

Facebook Buys Instagram for $1B

Social networking company acquiring photo app for $1B

(Newser) - Facebook today announced its largest acquisition yet: Instagram , the mobile app that lets users turn today's memories into something straight out of 1975, which will bolster Facebook's own photo services. Facebook bought the San Francisco-based service for around $1 billion in cash and shares, and has promised to...

Google May Be Hit With Antitrust Probe

FTC awaiting Justice Department move

(Newser) - Google could soon be the target of a federal antitrust probe. Officials with the Federal Trade Commission will hold off on a decision until after the Justice Department determines whether or not it will attempt to block Google’s planned acquisition of ITA Software Inc., sources tell Bloomberg . That purchase...

AT&T, T-Mobile Merger Reactions: Not Good for Consumers
 AT&T, T-Mobile Merger 
 Bad News for Consumers 
early reactions
Mar 21, 2011 6:29 AM CDT

AT&T, T-Mobile Merger Bad News for Consumers

The consensus: 'Ma Bell is back'

(Newser) - Reactions to the surprise AT&T-T-mobile merger are pouring in, and, not surprisingly, most conclude this isn't a good thing for consumers:
  • The Bell telephone system—"aka AT&T"—was broken up in 1984 to increase competition, and the US telecommunications market was deregulated in 1996, again to
...

AT&amp;T to Buy T-Mobile for $39B
 AT&T to Buy T-Mobile for $39B 
Mar 20, 2011 2:37 PM CDT

AT&T to Buy T-Mobile for $39B

Deal will combine the No. 2 and No. 4 wireless carriers in US

(Newser) - AT&T says it will buy T-Mobile USA from Deutsche Telekom in a cash-and-stock deal valued at $39 billion. The deal will combine the second-largest wireless carrier in the US with the fourth, notes the Wall Street Journal , which adds that it comes on the heels of AT&T's loss...

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