mergers-and-acquisitions

Al Franken Makes Comcast's CEO Look Like A Tool

0 views
Love him or hate him, Sen. Al Franken (D-MN), former employee of NBC, made Comcast's befuddled CEO Brian "Comcatastrophe" Roberts look like a complete tool during yesterday's hearing on the proposed Comcast/NBC mergepocalypse. More »

Uncle Sam Cool With Live Nation/Ticketmaster Monopoly

0 views

(Photo: Voltron.com)

The Justice Department ended months of a high-stakes, concert-dominating game of Mother May I by giving Live Nation and Ticketmaster the go-ahead to form a monolithic Voltron that will surely crush whatever life remains in the big-time live music scene. More »

Comcast Celebrates Conquest Of NBC With Gifts Of Sh*tty DVDs

7245 views
Christmas has come early to the employees of Comcast! A reader who is also a Comcastployee tells Consumerist that received a package at home yesterday which contained a letter from current and former CEOs Ralph and Brian Roberts, and some thoughtful gifts. To honor the looming Comcast/NBC Universal mergerpocalypse, the Robertses presented Comcast employees with two of the hottest DVDs in the Universal catalog: fullscreen copies of "Kindergarten Cop" and "The Bourne Ultimatum." Aww, you shouldn't have! More »

Why A Comcast/NBC Merger Is Bad News

33774 views

Photo: Ninja M.

As the Comcast/NBC mergepocalypse draws near, we wanted to remind readers of the ways that this is going to harm consumers (beyond the obvious things like 30 Rock being promised to come on between 6 and 10 pm and actually airing at 11:30). Join us for a sad look into the future. More »

Comcast One Step Closer To Owning NBC Universal

3480 views

(Photo:u2acro)

The Wall Street Journal is reporting that Vivendi has negotiated a tentative $5.8 billion deal to sell its minority stake in NBC Universal to General Electric Co. This means that GE is closer to being able to sell NBC to Comcast. More »

Daddy, Can I Borrow $7 Billion To Buy Cadbury?

5610 views

(Photo:Morton Fox)

"Sure you can, junior," B of A and JP Morgan said to Hershey. "Just remember we're not made of money." More »

AOL Rearranges Deck Chairs, Introduces New Logo

11866 views
Close to severing ties with Time Warner and fresh off announcing that they plan to cull almost a third of their work force by the end of the year, AOL has debuted--why not?--a new logo and branding campaign. The new logo has a variety of backgrounds, but always the new name in a sans-serif font: "Aol." Yes, with the period. More »

GM Fails To Send Saab Back To Sweden

2596 views
After acquisition talks between Swedish company Konigsegg and General Motors fell apart, Saab is without a home. This makes the third division of GM that the company has failed to divest itself of, after Saturn and Germany's Opel. Saab may be shut down, like Saturn--or kept, like Opel. More »

eBay's $2.025 Billion Sale Of Skype Complete

5118 views

eBay has successfully unloaded Skype. They remain a minority stakeholder, but 70% of Skype has been sold to a group that includes the original co-founders of the internet telephony company.  More »

All The PBR You Want For $300 Million

7050 views

Pabst Brewing Company is up for sale, the New York Post reports.   More »

GM, Tengzhong Close To Hummer Brand Sale

3148 views

So long, Hummer. Sort of. GM and Chinese company Tengzhong are closer to their deal to sell the Hummer brand.   More »

What's The Over/Under On Mint Starting To Suck Now That Intuit Bought Them?

8012 views

I blanched when I saw the subject line, "Mint.com to be acquired by Intuit, maker of Quicken." More like "Mint.com to be acquired by Intuit, makers of crap," I thought. Judging by your comments, I don't blanch alone.  More »

Intuit Will Buy Mint.com For $170 Million

6050 views

No longer wishing to compete with Mint.com, Quicken-maker Intuit has decided to buy it. The AP says that the company plans to keep its current offering, Quicken Online, but that it will be aimed at customers who also use its Quicken desktop software. Mint.com will become the company's primary personal finance website.  More »

Sprint Nextel Purchases $483 Million In Virgin Mobile Prepaid Minutes

3196 views

Sprint Nextel announced this morning that they will purchase Virgin Mobile USA. The company, which specializes in prepaid mobile phone service, started as a joint venture between Sprint and Virgin, and Sprint owns 13% of their stock. Virgin Mobile USA phones already use the Sprint network.  More »

Report Says Zappos Was Forced To Sell To Amazon

14954 views

According to the San Francisco Business Times a report by PrivateEquityHub citing "two sources close to the company" claims that Zappos wanted to remain independent, but was forced to sell to Amazon by venture capitalists who had invested in the company.  More »

VW wants to make sweet merger love with Porsche. We wonder what a talking Porsche would sound like. [APMore »

Everything Retailer Amazon Buys Shoe Retailer Zappos

9977 views

Amazon has purchased Zappos for $807 million. Reaction around Consumerist's (virtual) newsroom: "Oh, no." Then we started locking up our shoes in case our right to own them is revoked. No, no, we kid. Maybe.  More »

The Pirate Bay Bought For $7.7 Million, Plans To Evolve Into Legitimate P2P Service

10736 views

The Swedish gaming company Global Gaming Factory X AB has purchased The Pirate Bay for $7.7 million, and plans to transform the embattled file sharing site into a legitimate peer-to-peer service. "We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site," the buyers said in an ambiguous statement. The Pirate Bay's current administrators did offer up one undeniable truth to comfort the site's fans...  More »

Frontline Examines The Bank Of America/ Merrill Lynch Merger

7728 views

The merger between Merrill Lynch and Bank of America was sold to us as a marriage made in heaven that would save the financial system. It wasn't, and it didn't. Now Frontline takes a closer look at the now-infamous debacle that cost tax payers billions — and CEO Ken Lewis his chairmanship.  More »

Lipitor-shilling drug maker Pfizer has announced that they will be buying rival Wyeth for $68 billion. [WSJ Health BlogMore »

1