mergers and acquisitions

Post Strays From Cereal Aisle, Picks Up Bob Evans Packaged Foods For $1.5B

Post Strays From Cereal Aisle, Picks Up Bob Evans Packaged Foods For $1.5B

When it comes to breakfast, Post wants to serve up more than cereal: The company says it’s paying $1.5 B for the Bob Evans packaged food business, partly so it can have a “presence in breakfast sausage.” [More]

Mike Mozart

Verizon Gives Up, Decides It Doesn’t Want To Buy Comcast Or Charter After All

Ever since an openly business-friendly administration stepped into the White House, analysts and investors have been pushing for Verizon to merge with a cable/internet giant like Comcast or Charter. And the telecom titan’s CEO has even indicated his interest in a corporate marriage of convenience with a massive cable or media company. But now the company says it has no immediate plans to wed. [More]

Kurt Wagner | zlatimeyer

Whole Foods Meat Guys Sculpt Amazon Logos Out Of Ground Beef

What’s that old saying, again? “When you love someone, say it with meat”? That’s how employees at one Los Angeles Whole Foods welcomed their new e-commerce overlords, sculpting Amazon and Prime logos out of ground beef in the display case. [More]

Consumer Reports

Amazon Prime Members Will Get Special Discounts At Whole Foods Stores

If you’ve been wondering what the marriage of Whole Foods and Amazon will look like, we now have one clue that’s more tantalizing than a bundle of young asparagus. In the companies’ official wedding announcement today, their leaders announced how they plan to open up special deals at physical Whole Foods stores to subscribers to Amazon’s Prime service, and place Amazon Lockers in Whole Foods stores. [More]

David

Could Comcast Engineer A Mega Merger That Would Include 55 Million Customers?

Not so long ago, Comcast failed in its effort to merge with Time Warner Cable and create a cable/internet giant with around 30 million customers. But now that the regulatory winds have shifted in a decidedly pro-merger direction, some are theorizing what it would take for Comcast to engineer a telecom Voltron nearly double that size. [More]

Sexy European Suitor May Be Looking To Woo Charter Into Another Merger

Sexy European Suitor May Be Looking To Woo Charter Into Another Merger

Summertime fling fantasies aren’t just for libidinous teens at camp. European telecom giant Altice, which recently purchased Cablevision and Suddenlink in the U.S., is reportedly gazing across the campfire and into the eyes of another potential American mating partner: Charter. [More]

Netflix Is Now In The Comic Book Business; Buys Company Behind Kick-Ass, Kingsman

Netflix Is Now In The Comic Book Business; Buys Company Behind Kick-Ass, Kingsman

Comic book characters are a big business, responsible for billions of dollars a year in movie and TV revenue. Netflix knows this fact first-hand from its various, exclusive Marvel shows, but now the streaming video giant has gone a step further, actually popping off to the shop and picking up a comic book company to call its own. [More]

Smabs Sputzer

Sapporo Goes Shopping In Craft Beer Aisle, Picks Up Anchor Steam For $85M

With a dwindling beer-drinking population in its home country of Japan, Sapporo Brewing has set its sights on U.S. shores to bolster its business, snapping up Anchor Brewing Company — maker of Anchor Steam — for $85 million. [More]

Charter Decides It’s Not Particularly Interested In Being Acquired By Sprint Right Now

Charter Decides It’s Not Particularly Interested In Being Acquired By Sprint Right Now

You would think that after just having finished a mega-merger with Time Warner Cable last year, Charter might want to take a break before diving into any more major transactions. And yet that hasn’t stopped Sprint from coming ’round knocking at Charter’s door. [More]

McCormick Spices Buys Maker Of French’s Mustard, Other Sauces For $4.2B

McCormick Spices Buys Maker Of French’s Mustard, Other Sauces For $4.2B

Making a tasty, tangy sauce takes a little bit of spice, but the maker of French’s Mustard and Frank’s RedHot brands is about to get a lot of spice: Ingredients maker McCormick & Company – the company behind those red bottles of seasonings and brands Lawry’s, Zatarain’s, Old Bay, and others — will buy condiment maker Reckitt Benckiser for $4.2 billion. But don’t expect the deal to change the condiment aisle too much.   [More]

Consumer Reports

Lawmaker Wants Antitrust Panel To Take A Closer Look At Amazon, Whole Foods Merger

A month after Amazon and Whole Foods announced they would be joining forces in wedded grocery bliss, one lawmaker is asking his colleagues on a House antitrust panel to hold a hearing on the $13 billion merger plan. [More]

DraftKings, FanDuel Throwing In The Merger Towel After Feds Oppose The Deal

DraftKings, FanDuel Throwing In The Merger Towel After Feds Oppose The Deal

Weeks after the Federal Trade Commission went to court to block the merger of daily fantasy sports mega-sites DraftKings and FanDuel, the companies are throwing in the towel rather than fight the government. [More]

Molly

Abercrombie & Fitch Removing “For Sale” Sign From Its Bared, Chiseled Chest

Two months after Abercrombie & Fitch slapped a “for sale” sign on its tanned, muscled self, the retailer has decided not to sell itself after all. [More]

Graham C99

QVC Buys Home Shopping Network For Low, Low Price Of $2.1B

It appears that QVC looked in its closet one day, couldn’t find anything to wear, and just decided to go buy something new. But instead of just picking out an outfit, it scooped up rival Home Shopping Network for a cool $2.1 billion. [More]

oracorac

Walgreens No Longer Merging With Rite Aid; Still Plans To Buy Half Of Rite Aid Stores For $5.2 Billion

It’s been nearly two years since Walgreens first agreed to buy competitor Rite Aid and its 4,600 or so stores for $9.4 billion to form the nation’s largest drugstore chain, only to see the value of that deal shrink amid antitrust concerns. Today, Walgreens announced that it’s scrapping that original plan to combine forces with Rite Aid but still plans to purchase about half of the smaller company’s retail locations. [More]

Consumer Reports

Amazon’s Likely First Move At Whole Foods: Bring In Warehouse Robots

When Amazon and Whole Foods announced that they were getting hitched in the corporate sense, the benefits for both sides were obvious. Amazon would acquire its way into a grocery distribution network and hundreds of stores with upscale customers, and Whole Foods would get a parent company at the forefront of retail technology. What’s likely to be first up for Whole Foods? Warehouse robots. [More]

Justice Gustine

Report: Charter Looking To Buy Cox Communications

While it was rumored that Charter said “no thank you” to Verizon’s estimated $100 billion merger offer earlier this year because it just wasn’t enough money, new reports suggest the rejection was actually because Charter wanted to go on its own shopping spree, snatching up Cox Communications.  [More]

HerArtSheLoves

Amazon Merger “Not A Tinder Relationship” Says Gaga Whole Foods CEO John Mackey

What a difference $13.7 billion makes. Last week, Whole Foods CEO John Mackey had some choice words for investors who were urging him to sell the company, calling them “greedy bastards.” But after Amazon has announced it’s buying the grocery chain for a tidy sum, Mackey is whistling quite a different tune. [More]