FanDuel: Report Of DraftKings Merger Is “Speculation”

FanDuel: Report Of DraftKings Merger Is “Speculation”

The two biggest names in the world of daily fantasy sports (DFS) are keeping mum about a report claiming the two companies are considering a merger. [More]

Why Is Microsoft Spending $26 Billion To Acquire LinkedIn?

Why Is Microsoft Spending $26 Billion To Acquire LinkedIn?

Microsoft will soon have your resume on file — or at least the resume of a few hundred million LinkedIn members. The two companies announced a deal this morning that would see Microsoft pay $26.2 billion to acquire the job-networking site. [More]

Mike Mozart

Report: The FTC Is Probably Cool With The Walgreens-Rite Aid Merger

A few months ago, the shareholders of #3 U.S. drugstore chain Rite Aid approved the company’s proposed acquisition by the parent company of the #1 chain, Walgreens Boots Alliance. Now reports indicate that the Federal Trade Commission may give the merger its blessing, as long as certain conditions are met. [More]

Mike Mozart

Staples CEO Stepping Down After Failed Office Depot Acquisition

Staples announced today that its chairman and chief executive officer, Ron Sargent, is giving the public his two-week notice: he’ll be stepping down on June 14, after the company’s next shareholders meeting. Sargent has been CEO of the office superchain since 2002, and has worked for Staples since 1989, when the company was only three years old. [More]

Monsanto Says $62 Billion Bayer Merger Offer Is “Financially Inadequate”

Monsanto Says $62 Billion Bayer Merger Offer Is “Financially Inadequate”

A day after aspirin king Bayer officially offered $62 billion to acquire Missouri seed and pesticide giant Monsanto, the deal already appears troubled, with Monsanto’s board of directors saying the offer isn’t sufficient. [More]

Jeanette E. Spaghetti

Bayer Officially Offers $62B For Monsanto

Bayer officially wants to expand its CropSciences business and become the world’s largest producer of seeds, pesticides and agricultural chemicals, bidding $62 billion for Monsanto. [More]

Mike Mozart and 
frankieleon

Judge’s Opinion: Staples And Office Depot Aren’t Desperate Penguins On An Iceberg Yet

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]

Photo Nut 2011

Farewell, Time Warner Cable; Nobody Is Going To Miss You

The most-loathed company in all of America is soon to be no more. With the merger of Charter and Time Warner Cable approved and under way, the widely-detested TWC brand is soon to be up on the chopping block.

[More]

Fitbit Looks To Turn Its Fitness Trackers Into Wearable Digital Wallets

Fitbit Looks To Turn Its Fitness Trackers Into Wearable Digital Wallets

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]

Jeanette E. Spaghetti

Bayer Reportedly Looking To Acquire Monsanto For $40 Billion

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]

Mike Mozart and 
frankieleon

The Staples-Office Depot Merger Is Dead

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]

FCC Officially Gives Green Light To Merger Of Time Warner Cable & Charter

FCC Officially Gives Green Light To Merger Of Time Warner Cable & Charter

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]

Reflection717

Rovi Buys TiVo For $1.1B

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]

Neff Conner

Owner Of Radisson Hotel Chain Purchased By Chinese Conglomerate

Just weeks after China’a Anbang Insurance Group bowed out of its bid for the Starwood Hotel brand, another Chinese hotel group has gobbled up a different group: Carlson Hotels, the operator of the Radisson chain.  [More]

Comcast Reportedly Looking To Buy DreamWorks Animation For $3B

Comcast Reportedly Looking To Buy DreamWorks Animation For $3B

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]

5 Things You Should Know About The Approved Merger Of Time Warner Cable & Charter

5 Things You Should Know About The Approved Merger Of Time Warner Cable & Charter

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]

FCC, Justice Department Approve Charter / Time Warner Cable Merger

FCC, Justice Department Approve Charter / Time Warner Cable Merger

Second time’s the charm: where Comcast failed, Charter has succeeded. Time Warner Cable officially has its buyer as of today.

[More]

CBS Sacramento

Company Sells $25K Worth Of Windows With Lifetime Warranty, Disappears

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]