At the beginning of 2015, Staples proposed an acquisition of the then freshly merged Office Depot and OfficeMax. They insisted that the cost savings would help them battle online rivals and keep their costs low to stay competitive. Ultimately, a federal judge sided with the FTC and put a temporary stop to the merger, and ultimately the companies gave up on the idea of merging. The judge’s opinion has been released, and now we know why. [More]
When most of us think of wearable fitness trackers, Fitbit is probably the brand that comes to mind, but the growing popularity of multitasking smartwatches from Apple, Samsung and others means Fitbit is eventually going to need to offer more than just health data. So it comes as little surprise that the company is looking toward the future by acquiring mobile payment technology. [More]
When you hear the name Bayer, you probably think of aspirin or other drugs, but the German company has a number of facets, including its sizable CropScience division that produces seeds, pesticides, and other agricultural products. Now comes news that Bayer may be looking to become the world’s largest player in this field (forgive the pun) with a possible acquisition of Monsanto. [More]
The opinion issued today by U.S. District Court judge Emmet Sullivan doesn’t actually say that the country’s biggest office supply chain, Staples, can’t acquire the #2 office supply chain, Office Depot. As the Federal Trade Commission requested, the judge granted a preliminary injunction stopping the merger. That prevents the companies from merging until the FTC is done with their administrative antitrust case, but representatives of the two companies previously said that they would break the engagement if the FTC prevailed. [More]
A couple weeks back, both the FCC and the Justice Department made it clear that they were not going to challenge the massive merger of Time Warner Cable, Charter Communications (and the third wheel of the merger á trois Bright House) after putting some conditions on the deal. Today, the FCC officially confirmed that it has given its blessing to this marriage of inconvenience. [More]
Rovi and TiVo are getting hitched. The technology maker announced Friday that it would pay $1.1 billion to bring the set-top box recorder under its wing. [More]
Comcast already owns a mammoth cable/broadband company, a major TV and cable TV network, amusement parks, and a movie/TV/video production and distribution company responsible for money machines like Jurassic World and the Despicable Me/Minions movies. But that’s not enough, apparently. The boys and girls from Kabletown are also looking to add DreamWorks Animation to their shelf. [More]
Earlier today — almost exactly a year after rejecting the merger of Time Warner Cable and Comcast — both the FCC and the Justice Department gave their blessing to the marriage of TWC and Charter. But what does that really mean for the millions of consumers who will be affected by the merger? [More]
Second time’s the charm: where Comcast failed, Charter has succeeded. Time Warner Cable officially has its buyer as of today.
The trouble with “lifetime” warranties is that they often leave out an important detail: whose lifetime? That’s what a homeowner in California wonders now that her windows are bending away from them frame and generally failing at being windows. Now she can’t find the company that installed $25,000 worth of windows in her home only 9 years ago, or the company that actually manufactured the windows. [More]
Only weeks after making a deal with cargo company Air Transport Services Group (ATSG) to lease a fleet of 20 planes to use for shipping packages, Amazon is now a part owner of the company. [More]
Earlier this week, it looked like the $12 billion acquisition of Starwood Hotels — which includes brands like Sheraton, St. Regis, Westin, and W — by Marriott was in doubt after last-minute interest from China-based Anbang Insurance Group. Today, there is no doubt; that original deal is dead and Starwood is going with the higher offer from Anbang. [More]
What Comcast spent more than a year failing to do looks to be a victory in the making for Charter: As the Washington rumor mill has it, the three-way mega-cable-merge of Charter, Time Warner Cable, and Bright House Networks could get through a major hurdle and gain approval by the end of the week. In other words, it looks like this one’s going to happen.
Two months after General Motors unveiled a $500 million investment in Lyft, the mustachioed ride-hailing service, with the hopes of one day providing the masses with rides in a self-driving fleet, the carmaker has taken a step that might help it realize that goal: acquiring self-driving vehicle startup Cruise Automation. [More]
Your friends’ posts on Facebook are about to get a bit more cartoon-like now that the social media company has acquired selfie-altering startup Masquerade Technologies. [More]