mergers and acquisitions

Nicholas Eckhart

Walgreens & Rite Aid Willing To Unload More Stores On Fred’s To Make Merger Happen

Walgreens and Rite Aid want to merge and become the largest pharmacy chain in the country, and the Federal Trade Commission is the main obstacle in their path. That’s why Walgreens, the much larger partner in this merger, is preparing a new proposal for the regulators, which would include selling off more stores to what’s now a small regional chain. [More]

Volkswagen Not Yet Saying No To Idea Of Chrysler Merger

Volkswagen Not Yet Saying No To Idea Of Chrysler Merger

While poor Fiat Chrysler is busy hopelessly playing the Duckie to General Motors’ Andie Walsh (What — you’re not Pretty In Pink fans? Monsters), there might be another potential prom date in FCA’s future: Volkswagen. [More]

Jeepers Media

Sprint Reportedly Talking To White House About Possible Merger With Comcast Or T-Mobile

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]

jdong

Yelp Buys Restaurant Waitlist Tech Company Nowait For $40M

Yelp is trying to change the way users visit restaurants — or the way in which they wait for a table with the $40 million purchase of Nowait, a startup that uses technology to streamline the seating process at restaurants around the country. [More]

FCC.gov

FCC Chair Ajit Pai Has No Plans To Review AT&T/Time Warner Merger

In recent years, the FCC played a key part in blocking the mergers of AT&T and T-Mobile, and Comcast and Time Warner Cable, while also using its regulatory leverage to place pro-consumer conditions on the mergers it did approve — like getting Charter to agree to not use data caps for seven years. However, the FCC will apparently give AT&T its wish and not even chime in on the pending merger of AT&T and Time Warner. [More]

AT&T: It’s Fine For Us To Buy Time Warner Because We’re Too Small To Hurt Competition

AT&T: It’s Fine For Us To Buy Time Warner Because We’re Too Small To Hurt Competition

AT&T’s plan to buy Time Warner — the parent company of several cable networks, not the cable company that Charter snapped up last year — was greeted with a surprising amount of skepticism right from the start. Even though AT&T is sidestepping a lot of regulatory scrutiny by not seeking FCC approval of the merger, lawmakers have continued to ask why this merger would benefit anyone other than the shareholders of these companies. AT&T’s response: Competition or prices won’t be affected because we’re such a small-time player in the pay-TV business, and Time Warner’s viewership numbers are low. [More]

Ray J./Morton Fox

Verizon Revises Deal To Buy Yahoo At $350M Discount

If you found out after you got engaged that your soon-to-be better half had done something that made you question the impending union, what would you do — Cancel the wedding? Move the reception from the country club to your cousin’s backyard? If you’re Verizon and your betrothed is the data-breached Yahoo, you ask for a $350 million discount. [More]

Mike Mozart

Kraft Heinz Trying To Buy Unilever, Bring Your Ketchup And Mayo Under One Roof

Once upon a time, there was Kraft, home to blue-boxed mac-and-cheese and several other grocery store favorites. Then there was Kraft Heinz, bringing your ketchup and other condiments together with your cookies and cheese. And now, if Kraft Heinz gets its way, they might be joined by European mega-conglomerate Unilever, tying half your grocery store together under one big corporate umbrella. [More]

Yahoo

Report: Verizon Still Plans To Buy Yahoo, Seeking $250M Discount

Verizon isn’t calling off its plan to buy Yahoo but, in a move that shocks no one, is cutting some cash off its offer price after massive data breaches and resulting attention from lawmakers. [More]

SarahMcGowen

Anthem Responds To Cigna’s Lawsuit With A Suit Of Its Own

There are bad breakups, and then there are breakups that involve both sides suing each other at the same time: A day after Cigna announced it would officially give up on its proposed merger with Anthem and filed a lawsuit claiming billions of dollars in damages, Anthem has turned around and filed its own lawsuit in response. [More]

Anthem

Cigna Officially Gives Up On Merger With Anthem, Sues Anthem For $13 Billion Instead

After more than a year of review and another six months in court, only to lose, it looks like health insurer Anthem’s plan to buy rival Cigna is truly dead in the water. Cigna announced today that it’s terminating the agreement to merge, but this breakup is far from mutual. Instead of simply going off their separate ways, Cigna is now suing Anthem, seeking billions in damages. [More]

Aetna And Humana Give Up On Merger Dreams, Agree To Part Ways

Aetna And Humana Give Up On Merger Dreams, Agree To Part Ways

Alas, it seems that for two companies this Valentine’s Day brings them a breakup they never wanted: After more than a year of trying, Aetna and Humana have officially called it quits, and given up on their plans to merge into corporate unity. [More]

AT&T CEO: Merger With Time Warner Still On Track To Close By End Of Year

AT&T CEO: Merger With Time Warner Still On Track To Close By End Of Year

Mergers are never a sure thing, but the recent political atmosphere has been, let’s say, even less predictable than usual. Even so, AT&T CEO Randall Stephenson remains optimistic that his Death Star will be able to acquire Time Warner and all its juicy media properties before the end of the year… and that the FCC won’t be involved in approving the deal. [More]

Adam Fagen

Charter Accused Of Charging Fees To Activate Service That Is Already Active

It’s been the better part of a year since Charter leapfrogged to the top of the giant cable company pile by gobbling up Time Warner Cable and Bright House Networks. The transition, though, has been far from effortless for Charter, which now finds itself facing a potential class-action lawsuit brought by a former Bright House subscriber. [More]

alecm9311

L’Oreal Looking To Sell Off The Body Shop

Another day, another company looking to pull out of a retail entanglement: This time it’s L’Oreal, which has confirmed reports that it’s looking into selling off The Body Shop chain of stores. In other news, today we learned that L’Oreal owns The Body Shop. [More]

Anthem

Federal Judge Blocks $54 Billion Anthem/Cigna Merger

Only a few weeks after a federal court blocked the insurance mega-merger of Aetna and Humana, it’s happened again: Last night, a U.S. District Court judge rejected the $54 billion marriage of health insurance giants Anthem and Cigna. [More]

Nicholas Eckhart

Walgreens Slashes $2B From Value Of Rite Aid Merger; Up To 1,200 Stores To Be Sold Off

Last Friday, Jan. 27, was the deadline for the deal to close in the proposed acquisition of drugstore chain Rite Aid by competitor Walgreens. Today, the companies announced a revised deal with an eye to meeting Federal Trade Commission approval. This deal values Rite Aid at over $2 billion less, and proposes the sale of hundreds more stores to another drugstore chain. [More]

Verizon And Charter Romance Heats Up; Could Merger Marriage Be On Horizon?

Verizon And Charter Romance Heats Up; Could Merger Marriage Be On Horizon?

Earlier this month, it was reported that Verizon has a thing for big cable companies that begin with the letter “C,” and that it really wants to make out under the bleachers with either Comcast or Charter. Now comes news that Big V has actually begun the courting process with the latter. [More]