Who knew that pet care could be such a lucrative business? Just as the year comes to an end, PetSmart announced it would sell itself for $8.7 billion to a private equity firm, fetching the title of largest private equity deal of 2014. [More]
How much does it cost to buy half of a drug store chain? About $5.27 billion — or at least that’s what Walgreens will pay to acquire the remaining half of British company Alliance Boots, parent company of the Boots chain of retail drug stores.
And then two become one. Apple completed its $3 billion acquisition of Beats Music and Beats Electronics Friday. But about 200 Beats employees are missing out on the celebration, you know, since their jobs are no longer viable. [More]