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.
Anheuser-Busch InBev, SABMiller Finalize Merger, Agree To Sell MillersCoors Brand To Molson For $12B
Last week, Walgreens Boots Alliance, the parent company of this country’s top drugstore chain, announced that pending antitrust approval, it would buy the #3 chain, Rite Aid, for $9.4 billion. That would create two massive national drugstore chains, and also leave a lot of empty stores. One estimate is that 3,000 stores would close… not necessarily for antitrust reasons, but because the stores are simply too close together. [More]
If you’re not an outdoorsy type, it’s understandable that you might think Cabela’s and Bass Pro Shops are the same store. They’re both big-box stores that are almost more of a tourist destination than a place to shop. Maybe you won’t have to stop and figure out what the difference is: the privately held Bass Pro Shops is considering taking over its publicly traded rival. [More]
Just two months after Expedia completed its last big purchase, the travel-booking enterprise has hit the market again, offering $3.9 billion to buy vacation rental company HomeAway. [More]
A couple of weeks ago, the FCC collected everyone’s comments about why Charter should or should not be allowed to go through with buying Time Warner Cable and Bright House Networks in one massive merger. The next step in the process is for Charter to get to respond as to why they think the yea-sayers are right and the nay-sayers are wrong, and they submitted that response this week.
Anheuser-Busch InBev — the Belgian-Brazilian maker of “America’s beer” — was supposed to finalize its offer to acquire SABMiller by Oct. 14. That deadline was extended until this afternoon, but just like that really wealthy international student at college who never seemed to get his work done on time, AB InBev has been granted another extension. [More]
The three-way Charter/Time Warner Cable/Bright House merger hit one of its major milestones this week, as the first deadline for filing comments with the FCC has come and gone. As one might expect, consumer advocates and competing businesses are less than thrilled with the major merger plan.
Last week, leadership at beer giant SABMiller was not thrilled with Anheuser-Busch InBev’s official marriage proposal, saying it “substantially” undervalued the company. But today Miller announced that the boards of both companies had reached an agreement on principle for a merger valued at $104.2 billion. [More]
While Time Warner Cable’s current merger à trois with Charter and Bright House is getting significantly less attention than TWC’s recent failed fling with Comcast, but these nuptials aren’t without their detractors. [More]
After SABMiller rejected a $100 billion takeover offer from Anheuser-Busch InBev, the world’s biggest beer company has come forward with a sweeter offer of $104 billion. [More]
With the deadline of Oct. 14 looming for Anheuser-Busch InBev to make a firm offer to acquire fellow beer biggie SABMiller, a new report says that the company’s early informal suggestion of “Hey, what do you guys think of $100 billion?” was turned away for being too low. [More]
Petco and PetSmart are the two largest pet retailers in the United States: about 50% of all money spent in pet stores nationwide goes to one of the two chains. The two companies have given each other a good sniff and considered merging in the past, but after some changes of ownership are considering it again. [More]
Despite the protests from the leading hotel industry group that a merger between Expedia and Orbitz would concentrate too much of the travel-booking market in one company’s hands – leading to fewer choices for consumers – the two companies have received regulatory approval and completed their $1.6 billion marriage today. [More]
While most U.S. cable/Internet operators have been looking at their fellow Americans as merger partners, New York-based Cablevision has made a $17.7 billion deal to sell itself to Altice, a Netherlands-based telecom titan. [More]