Last week, it was reported that Sports Authority is preparing to file for Chapter 11 bankruptcy protection in the hope of restructuring its business and shedding hundreds of million in debt. Now comes news that this rebuild may involve selling some of its retail locations to competitors like Dick’s Sporting Goods. [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.
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]
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]
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
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]
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]