“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
By November 29, 2009
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
By November 25, 2009
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
By November 20, 2009
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.
All The PBR You Want For $300 Million
By November 9, 2009
Pabst Brewing Company is up for sale, the New York Post reports.
GM, Tengzhong Close To Hummer Brand Sale
By October 10, 2009
So long, Hummer. Sort of. GM and Chinese company Tengzhong are closer to their deal to sell the Hummer brand.
What's The Over/Under On Mint Starting To Suck Now That Intuit Bought Them?
By September 15, 2009
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.
Intuit Will Buy Mint.com For $170 Million
By September 14, 2009
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.
Sprint Nextel Purchases $483 Million In Virgin Mobile Prepaid Minutes
By July 28, 2009
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.
Report Says Zappos Was Forced To Sell To Amazon
By July 23, 2009
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.
By July 23, 2009
VW wants to make sweet merger love with Porsche. We wonder what a talking Porsche would sound like. [AP]
Everything Retailer Amazon Buys Shoe Retailer Zappos
By July 22, 2009
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.
The Pirate Bay Bought For $7.7 Million, Plans To Evolve Into Legitimate P2P Service
By June 30, 2009
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…
Frontline Examines The Bank Of America/ Merrill Lynch Merger
By June 17, 2009
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.
By January 26, 2009
Lipitor-shilling drug maker Pfizer has announced that they will be buying rival Wyeth for $68 billion. [WSJ Health Blog]
Bank Of America Fires Former Merrill Lynch CEO
By January 22, 2009
It seems that Bank of America didn’t really appreciate that unexpected $15.4 billion dollar 4th quarter loss by Merrill Lynch — because its former CEO, John Thain has been shown the door.
By November 5, 2008
The FCC has given the green light to the Verizon/Alltel merger. Alltel brings 13 million new subscribers to Verizon, dethroning AT&T as the number one wireless carrier. [WaPo]
Delta To Add $15 First Checked Bag Fee
By November 5, 2008
The AP says that the new mergeriffic Delta will be adding a $15 fee for the first checked bag and $25 for the second checked bag when traveling domestically, which is consistent with Northwest’s existing policies.
