A day after Uber reportedly shrugged off the idea of acquiring ride-hailing rival Lyft, the latter company says it’s not on the market, you know, anyway. [More]
With reports circulating that ride-hailing service Lyft may be looking to sell itself, it makes sense to think of Uber, its most prominent competitor, as a potential buyer. However, it seems very unlikely that regulators would allow this merger, or that Uber is even interested. [More]
Four months after AMC Theaters offered $1.1 billion to buy fellow theater chain Carmike Cinemas, the two companies have finally come together on a sweetened deal to appease shareholders. [More]
Cosmetics biggie L’Oreal just got a bit bigger, adding some 300 skincare and makeup products with its $1.2 billion acquisition of infomercial fave IT Cosmetics.
Remember that brief, weird moment a few years back when your Facebook feed was suddenly full of just-ironic-enough comic strip versions of your friends? Well, now you’ll probably see that all over Snapchat, as the messaging app reportedly agreed to pay $100 million to acquire Bitstrips. [More]
Momentum in the tug-of-war over Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — has shifted once again. Only days after China’s Anbang Insurance appeared destined to win with its “superior proposal,” Marriott managed to dig deep with the help of a few billion additional dollars.
Three months after federal regulators filed a lawsuit to stop the
nightmare dream formation of the $6.3 billion StaplesMaxDepot Voltron , the CEOs of the mega-office supply chains are fed up, and they’re taking that frustration to the customers by airing their true thoughts on the Federal Trade Commission’s attempt to stop the deal. [More]
After years of providing a platform for people to help fund everything from homemade hot sauces to feature films, Kickstarter itself has made its first big investment, acquiring streaming service Drip.
Verizon’s mission to have the fastest wireless technology among wireless and communication providers got a $1.8 billion boost Monday when the company announced plans to lease spectrum from and acquire XO Communications’ fiberoptic network. [More]
All of those storage containers, Sharpies, coolers, and crockpots you have dotting the insides of cupboards now have a lot more in common than one might think: Newell Rubbermaid, the company behind Sharpie and Rubbermaid storage products Jarden, the company behind the Coleman and Crock-Pot brands, for $13.2 billion. [More]
If you thought that cup of coffee you picked up on the way to work this morning cost a pretty penny, then can you imagine how the much one of the biggest names in the coffee biz would go for? Well, if you guessed $13.9 billion, then you should probably go buy a lottery ticket, as that’s how much Keurig plans to sell itself for. [More]
Just two months after Expedia completed its last big purchase, the travel-booking enterprise has hit the market again, offering $3.9 billion to buy vacation rental company HomeAway. [More]
Have we seen the last of Moe, Manny, and Jack – you know, the faces of the Pep Boys auto parts brand? It’s possible as the retail chain has agreed to be acquired by tire giant Bridgestone for $835 million. [More]
In what appears to be a match made in retail heaven, the owner of QVC plans to purchase growing flash sale business Zulily for about $2.4 billion. [More]