“Sure you can, junior,” B of A and JP Morgan said to Hershey. “Just remember we’re not made of money.” [More]
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]
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 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.
Pabst Brewing Company is up for sale, the New York Post reports.
So long, Hummer. Sort of. GM and Chinese company Tengzhong are closer to their deal to sell the Hummer brand.
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.
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.
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.
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 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…
Lipitor-shilling drug maker Pfizer has announced that they will be buying rival Wyeth for $68 billion. [WSJ Health Blog]
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.
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]
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.