In recent weeks, President Trump has repeatedly mentioned promised investments and jobs from Sprint and its parent company Softbank. Now the wireless provider is reportedly hoping to eventually turn that goodwill — and the Trump administration’s light-touch approach to regulation — into a mega merger, possibly with T-Mobile, Comcast, or others. [More]
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Airbnb Adds High-End Rentals To Roster With Purchase Of Luxury Lodging Company
By 2.16.17
Forget about renting someone’s extra bedroom through Airbnb on your next trip, now you can book a luxury villa, thanks in part to Airbnb’s recent acquisition of high-end lodging company Luxury Retreats. [More]
Report: Reynolds Rejects British American Tobacco’s $47B Takeover Offer
By 11.14.16
Last month, British American Tobacco offered $47 billion to purchase the roughly 42% stake of R.J. Reynolds American that it didn’t already own. Now, the London-based company’s dream of creating the world’s largest tobacco company has been dashed. [More]
British American Tobacco Offers $47B For Reynolds American
By 10.21.16
More than a decade after British American Tobacco bought a roughly 42% stake in tobacco biggie R.J. Reynolds American, the London-based company is back for the rest, offering $47 billion to create the world’s largest tobacco company. [More]
How A Small Nebraska Town Figures Into The Cabela’s, Bass Pro Shops Deal
By 10.5.16
Some companies have distinct ties to their geographical roots, whether it’s Walmart and Bentonville, L.L.Bean and Maine, Hershey and, well.. Hershey, or Cabela’s and the small Nebraska city of Sidney. But now that the outdoor goods retailer has been snapped up by Bass Pro Shops for $5.5 billion, what will happen to this town of around 7,000 people?
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Report: Disney Working On Bid For Twitter
By 9.26.16
The Walt Disney Co., the well-known operator of theme parks, movie production studios, and cable television networks could soon be a huge player in social media — at least according to reports claiming that Big Mouse is working on a bid for Twitter. [More]
Bayer Could Drop Monsanto Name If Mega-Merger Gets Approval
By 9.20.16
When you’re spending $66 billion on a merger to create the world’s largest seed company, it’s understandable that you’d probably want to keep your brand’s name on the resulting mega-corporation, especially when your betrothed comes saddled with a name like Monsanto. [More]
Monsanto, Bayer Seal The Mega-Seed Merger Deal For $66B
By 9.14.16
It turns out $65 billion wasn’t quite enough to push Monsanto into Bayer’s seed-loving arms. Instead, it took just $1 billion more: the Missouri-based seed giant agreed late Tuesday to sell itself to Bayer for $66 billion, officially creating the largest seed company in the world. [More]
Mondelez Abandons Bid To Create Snack-Candy Behemoth With Hershey Purchase
By 8.30.16
The residents of Hershey, PA, can breathe a sigh a relief today, as Mondelez — the owner of Nabisco and Cadbury — announced it would ditch its months-long bid to purchase the Hershey’s brand following several rebuffed offers by the chocolate giant. [More]
Mega-Beer Merger Could Cost SABMiller, Anheuser-Busch Employees Thousands Of Jobs
By 8.26.16
It’s not just brands of beer that Anheuser-Busch InBev and SABMiller have had to discard in order to make their $107 billion merger dreams a reality: it could also cost thousands of people their jobs. [More]
Lyft Dismisses The Idea That It Even Wants A Buyer At All
By 8.23.16
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]
Uber Reportedly Shrugs Off Idea Of Acquiring Lyft
By 8.22.16
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]
Report: Walmart In Talks To Buy Jet.com
By 8.3.16
Just a year after it launched, Amazon challenger and fellow e-commerce site Jet.com could soon become the property of one of the largest bricks-and-mortar retailers in the world: Walmart. [More]
Tesla Buys SolarCity For $2.6B
By 8.1.16
After working together for years to build and test solar-based batteries for homes and businesses, Tesla has agreed to buy SolarCity — which is already chaired by CEO Elon Musk — for $2.6 billion. [More]
AMC Theaters Makes “Best & Final” Offer Of $1.2B For Carmike
By 7.25.16 — Updated: 3.1.17
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]
L’Oreal Expands Makeup Portfolio With $1.2B Purchase Of IT Cosmetics
By 7.22.16
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.
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How America’s Two Signature Beer Companies Became Expats
By 7.20.16
Budweiser and Miller: Even if you don’t like them, you have to admit that they have long been considered the two beers most associated with America. Their ads feature vast fields of wheat, baseball, hard-workin’ and hard-partyin’ men and women — heck, Bud even went so far as to rebrand itself “America” for the summer — even though neither brand has been majority owned by an American company in years. And now that U.S. regulators have signed off on on the marriage of Bud and Miller’s parents, these once-American titans of industry have completed their transition to become worldly expatriates. [More]
Why Danone Paid $10.4 Billion For Almond & Organic Milk Company
By 7.7.16
French food giant Danone already takes up plenty of supermarket dairy shelf space, with everyday brands like Dannon, Activia, and Oikos. So why is the company spending $10.4 billion to purchase WhiteWave, the American company behind organic brands like Silk almond milk, Horizon, and Earthbound?
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