Burger King Agrees To Private Investor Buyout

Burger King Agrees To Private Investor Buyout

Burger King, (financially) depressed after grappling with the economic downturn and constant scrapping with McDonald’s, is going private. The Home of The Whopper loudly sighed today and agreed to an offer by private-investment firm 3G Capital Management for $24 a share. What went wrong? [More]

Report: Apple Offering 15% Buyout For Yellow-Screened iMacs

Report: Apple Offering 15% Buyout For Yellow-Screened iMacs

Gizmodo is reporting today that Apple is offering a 15% “refund bonus” to some customers who return one of the numerous 27″ iMacs with a nasty yellow tinge to their beautiful big screens. iMacs are not cheap, so that’s at least $250 depending on your computer’s configuration. [More]

Not So Fast: Judge Blocks Wachovia Sale To Wells Fargo, Citibank Rejoices

Not So Fast: Judge Blocks Wachovia Sale To Wells Fargo, Citibank Rejoices

Tsk tsk, Wells Fargo. You should’ve known that stealing Citibank’s unspoiled bride at the alter was going to draw a bitter legal challenge. Late last night, Citibank’s team of repo-lawyers claimed a partial victory, announcing that a New York judge has agreed to block Wachovia’s sale. Citibank is also demanding $60 billion from Wells Fargo for interfering with the deal.

http://consumerist.com/2008/10/03/surprise-wells-fargo-is-buying/

Surprise! Wells Fargo is buying Wachovia, even though Citibank said at the beginning of the week that it was going to. (Check out the full post here.) Unlike Citibank, Wells Fargo will absorb all parts of Wachovia, including its securities and retail brokerage biz, in a “$15.1 billion all-stock merger.” [DealBook] (Thanks to Stephen!)

Citigroup Buys Wachovia

Citigroup Buys Wachovia

Part of Wachovia will remain independent — including its massive brokerage business which ballooned after it purchased AG Edwards in 2007, as well as its Evergreen investment management division.

http://consumerist.com/2008/08/07/are-you-a-daily-candy/

Are you a Daily Candy subscriber? Surprise, Comcast now owns it. [AppScout]

http://consumerist.com/2008/04/14/blockbuster-has-offered-to-buy/

Blockbuster has offered to buy Circuit City for a little over $1 billion, with the goal of creating “a chain that could sell portable devices and entertainment for them, much like Apple Inc.’s stores.” [Chicago Tribune] (Thanks to everyone who sent this in!)

http://consumerist.com/2008/02/04/yahoo-is-re-opening-talks/

Yahoo is re-opening talks with Google about a possible business alliance in an effort to rebuff Microsoft’s takeover proposal, which Yahoo says undervalues the company at $31 a share.

Crocs Buys Jibbitz

Crocs Buys Jibbitz