Before the $85 billion merger of AT&T and Time Warner was official, it was already being decried by people in both presidential campaigns, consumer advocates, lawmakers, and former regulators. Amid this backlash to the news, both companies’ values have taken a bit of a ding today. [More]
The time from new rumor to signed deal was only about two days, and yet here we are: AT&T is putting the moves on Time Warner, planning to bring the content powerhouse under its roof. This proposal will now, of course, have to grind its way through the gears of government approval. But while this proposal is a giant deal for two giant companies, the name that’s likely to come up more than any other in all the comments back-and-forth is neither Time Warner nor AT&T, but rather a competitor: Comcast. [More]
The largest grocery store chain in the country could be getting a bit bigger and a lot more organic, as the rumor mill began churning that Kroger is exploring the idea of buying Whole Foods. [More]
Twitter might be a hugely popular social media platform, but for all its influence and reach, the company is not exactly minting money. So it may not come as a surprise that Twitter is once again the subject of merger rumors. [More]
Days after Unilever was rumored to be discussing a deal to purchase The Honest Company — the line of household and personal care products co-founded by actress Jessica Alba — the company behind everything from Ben & Jerry’s to Vaseline added a different high-profile independent brand to its portfolio: The eco-friendly cleaning supply folks at Seventh Generation. [More]
Unilever — the company behind everything from Ben & Jerry’s to Vaseline, and who recently spent a billion dollars to buy the Dollar Shave Club — has reportedly gone shopping for yet another high-profile independent brand. This time its Honest Co., the line of household and personal care products co-founded by actress Jessica Alba.
After you’ve spent more than $100 billion to acquire your biggest competitor, what’s left? Sure, you can buy up that smaller business here and sell off this subsidiary there, but how does a company regain the adrenaline rush of pulling off a transaction so big people need to stop and count the zeros? [More]
The residents of Hershey, PA, can breathe a sigh a relief today, as Mondelez — the owner of Nabisco and Cadbury — announced it would ditch its months-long bid to purchase the Hershey’s brand following several rebuffed offers by the chocolate giant. [More]
The final country that needed to weigh in on the mega-merger of beer giants SABMiller and Anheuser-Busch InBev has given its blessing to the sudsy nuptials. This morning, Chinese regulators approved the deal, effectively clearing the road for the acquisition to move forward. [More]
Yahoo — home to all those email addresses you use for subscriptions you’d rather not have anyone else know about, and the Flickr account you probably haven’t updated since 2010 — will soon be under the same umbrella as former web 1.0 rival AOL, with Verizon agreeing to acquire the ancient online operation for $4.8 billion. [More]
Anheuser-Busch/SABMiller Mega-Merger Gets Justice Dept. OK, After Miller Agrees To Sell All U.S. Brands
The $107 billion (with a b) merger of beer titans Anheuser-Busch InBev and SABMiller has cleared a major hurdle today, with the U.S. Justice Department signing off on the merger — under the condition that Miller divest itself of all its remaining U.S.-based businesses. [More]
French food giant Danone already takes up plenty of supermarket dairy shelf space, with everyday brands like Dannon, Activia, and Oikos. So why is the company spending $10.4 billion to purchase WhiteWave, the American company behind organic brands like Silk almond milk, Horizon, and Earthbound?
Two months after Alaska Airlines put $4 billion on the table and bought up Virgin America, the soon-to-be fifth largest airline operating in the U.S. is spilling the beans — kind of — about its future, and that might include keeping the recently purchased carrier’s name. [More]
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]