Staples and Office Depot want to merge and form one mega-chain of office supply stores that you mostly visit to drop off UPS packages. The Federal Trade Commission doesn’t approve of this union, because both sell supplies and serve as wholesalers to smaller office suppliers. The companies announced late yesterday that they’ve reached an agreement with Essendant, a smaller national supplier, to take over some of that business if the merger goes through. [More]
Imagine a world where G.I. Joe marries Barbie (or Ken) and then they both drive off in their Hot Wheels car to their My Little Pony ranch — and all these products come from the same company. It’s a possibility, with Mattel and Hasbro reportedly chatting about merging the contents of their respective toy chests.
Charter is still pushing very hard to get their pending three-way merger with Time Warner Cable and Bright House Networks approved by the FCC and Department of Justice. To that end, they’re happy to push any available evidence that they are not only great, but also working for the public interest. And what better way to gather that evidence than to sponsor their very own poll looking for it?
Why should Comcast have all the fun buying up new media products? Univision Communications –parent company of the Univision TV network and dozens of other radio and TV stations — has reportedly snapped up a controlling stake in Onion Inc. [More]
Auto Parts Retailer Love Triangle Reaches $1B With Icahn Once Again Topping Bridgestone In Bid For Pep Boys
Earlier this month, the Federal Trade Commission went to court in an effort to block the pending merger of office-supply mega chains Staples and Office Depot, saying that it would result in too little competition in the market for supplies being sold to businesses. Since then, Staples has tried to revise the deal to make it more palatable, but to no avail. [More]
All of those storage containers, Sharpies, coolers, and crockpots you have dotting the insides of cupboards now have a lot more in common than one might think: Newell Rubbermaid, the company behind Sharpie and Rubbermaid storage products Jarden, the company behind the Coleman and Crock-Pot brands, for $13.2 billion. [More]
It may sound like the perfect marriage of the cold war era, but it’s 21st century business all over: Dow and DuPont, the two oldest, biggest chemical companies in the country, today announced their plans to merge in a whopping $130 billion deal.
Pep Boys Concedes That Icahn’s Offer May Be “Superior” To Bridgestone, Will Explore The Deal Further
When Dollar General entered an unsolicited billion dollar bid for Family Dollar last year, the smaller company said thanks but no thanks. The latest merger-love triangle appears to be taking a different path: auto parts retailer Pep Boys seems to be mulling the idea of ditching its already agreed upon deal with Bridgestone in favor of more money from Auto Plus owner Icahn Enterprises. [More]
Love triangles are generally a plot device used in movies and television shows to keep viewers’ eyes glued to the screen, screaming for their preferred suitor to win out. Recently, though, the messy affairs have infiltrated the mergers and acquisitions realm with the months-long dollar store war – Dollar General and Dollar Tree fighting over Family Dollar. Today, that trend continued with the company behind Auto Plus offering to buy the already betrothed Pep Boys retail operations out from under Bridgestone. [More]
After reports swirled last week that Verizon might be in the mood to go shopping in the Internet company aisle, the company’s chief financial officer says it could possibly be interested in buying Yahoo’s web business — if Yahoo is selling and if a deal made sense. [More]
While you may not have checked your old Yahoo Mail account since before the recession, the Web 1.0 relic continues to exist. And now that Yahoo’s board may be looking to sell off the portion of the business that most people associate with the company, a number of potential buyers are licking their chops at getting some piece of the meal. [More]
Yahoo, one of the few remaining old guard Internet biggies still standing, has been trying to reinvigorate its business in the last few years, even spending oodles of cash in an effort to stake claims in the streaming video and daily fantasy sports markets. But so far, consumers have responded with a shrug and the company’s stock price has continued to fall since the beginning of 2015. That’s why the Yahoo board will reportedly be looking into the possibility of getting out of this whole “Internet” thing. [More]
If the giant pharmaceutical companies of the world seem quite big enough to you already, well, that just means you probably aren’t a major investor in or CEO of one. But the major investors and CEOs do think bigger is better, and so to that end two of them are merging to create an even bigger drug behemoth and take it overseas.