mergers

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Perplexity Throws Down $34.5B Gauntlet for Google Chrome

Startup's bid arrives as a judge weighs antitrust remedies for Google

(Newser) - AI upstart Perplexity is making waves with a bold $34.5 billion bid for Google's Chrome browser, aiming to elbow into the search market currently dominated by the tech titan. The San Francisco-based company, valued at $18 billion, claims it has full investor backing for the offer, per...

NFL Grabs Stake in ESPN as Disney Hands Over Key Assets

Move puts NFL Network, RedZone under sports channel's umbrella

(Newser) - The NFL is set to acquire a 10% stake in ESPN as part of a sweeping partnership with Disney, giving the league significant influence over the sports network while handing ESPN control of key NFL media assets, including the NFL Network. While the value of the transaction remains undisclosed,...

First Coast-to-Coast Freight Train May Be Headed Our Way

Union Pacific, Norfolk Southern look to merge in $85B deal, but not everyone's on board

(Newser) - Union Pacific and Norfolk Southern are moving to create the first coast-to-coast freight rail operator in US history, announcing an $85 billion merger that, if approved, would link 50,000 miles of track from New Jersey to California, across 43 states. The deal promises to streamline shipping and give...

Report: ESPN Is Close to Massive NFL Deal

Talks about acquiring NFL Media have been going on for years

(Newser) - After years of talks, a deal for ESPN to acquire the NFL's media wing could be close. Sources recently told Sports Business Journal that team owners have been given an "informal heads-up" about a possible team owners' meeting next month on the sale of NFL Media to the...

Massive Convenience-Store Merger Is Off

Circle K owner gives up on effort to acquire 7-Eleven's Japanese parent company

(Newser) - Canadian convenience-store giant Alimentation Couche-Tard has officially scrapped its $46 billion bid to acquire Seven & i Holdings, the Japanese parent of 7-Eleven, after nearly a year of stalled talks. In a sharply worded letter to Seven & i's board, Couche-Tard executives accused the Tokyo-based company of dragging...

Prada Buys Versace in 'Bold and Ambitious' Move

The $1.4B deal merges 2 luxury fashion titans

(Newser) - In a major shake-up in the fashion world, the Prada Group is set to acquire Versace from Capri Holdings for $1.4 billion, merging iconic Italian style with Prada's global influence. This strategic move promises a powerful synthesis of two luxury fashion titans, poised to reshape industry dynamics....

Google Is Making the Biggest Buy in Its History

Tech behemoth will purchase cybersecurity firm Wiz for $32B

(Newser) - Google will buy cybersecurity firm Wiz for $32 billion to boost the tech giant's in-house cloud computing amid burgeoning artificial-intelligence growth. The all-cash acquisition announced Tuesday would be Google's biggest in its 26-year history, reports the AP , and it's the biggest deal of 2025. Wiz will join...

Japanese Carmakers Scotch That Much Ballyhooed Merger

Honda, Nissan, Mitsubishi decide to end talks of business integration

(Newser) - Japanese automakers Honda, Nissan, and Mitsubishi said on Thursday they're ending talks on business integration. Nissan CEO Makoto Uchida said the talks had changed focus from setting up a joint holding company to making Nissan into a subsidiary of Honda. "The intent was to join forces to win...

Biden Blocks Sale of US Steel to Nippon

President pushes back against takeover bid by Japan's Nippon Steel to scoop up US Steel

(Newser) - President Biden has long expressed his disapproval for a deal in which Japan's Nippon Steel scoops up the iconic US Steel, and this week he made that disapproval official. In a Friday morning statement, the commander in chief rebuffed the proposed $14 billion-plus deal, noting that "we need...

Nordstroms Acquiring Nordstrom in $6.25B Deal

Mexican retail group joins in arrangement to take iconic chain private

(Newser) - Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal, with the industry being squeezed by discount chains and other competition. Public companies are under a lot more scrutiny, and if private, the...

DirecTV Scoops Up a Major Rival
DirecTV Scoops Up
a Major Rival
Sep 30, 2024 8:11 AM CDT

DirecTV Scoops Up a Major Rival

Company will buy Dish and Sling in a deal it's been seeking for years

(Newser) - DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant. DirecTV said Monday it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that...

Famous Budget Hotel Chain Scooped Up for $525M

Purchase is latest move for India-based Oyo, which has been expanding in US since 2019

(Newser) - Motel 6 has 1,500 or so locations sprinkled throughout the United States and Canada, and now a hotel giant from India is about to take over. The Wall Street Journal reports that Oyo has agreed to buy the budget motel chain for $525 million from parent company Blackstone, as...

Say Hello to the 'New Paramount'
Say Hello to the
'New Paramount'
Jul 8, 2024 8:14 AM CDT

Say Hello to the 'New Paramount'

And goodbye to the reign of the Redstone family, as Paramount plans its merger with Skydance

(Newser) - Paramount Global has had a tough time of it in the digital era, struggling to gain a foothold in the streaming arena—but a new merger may remedy some of that. Per t he AP , Paramount announced Sunday that it has struck a deal to merge with the Skydance Media...

Sony Pictures Makes a 'Rare' Acquisition

Studio conglomerate buys Austin-based Alamo Drafthouse movie theater chain

(Newser) - Sony Pictures Entertainment just got a little bigger. CNBC reports that the studio conglomerate has scooped up Alamo Drafthouse, the seventh-largest movie theater chain in North America, from owners Altamont Capital Partners, Fortress Investment Group, and co-founder Tim League. Variety notes that "it marks a rare time in recent...

Dollar Tree Wants to End Its 'Disastrous Merger'

Company announces it would like to sell or spin off Family Dollar chain

(Newser) - Dollar Tree is seeking to put an end to what CNN calls its "disastrous merger" with Family Dollar. The parent company on Wednesday announced it's looking into selling or spinning off Family Dollar, which it bought for $8.5 billion in 2015. The thinking at the time was...

2 of Our 'Most Recognizable Energy Companies' to Combine

ConocoPhillips to acquire Marathon Oil in a deal worth $22.5B, including debt

(Newser) - ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. The Wall Street Journal calls it a deal "that would combine two of America's most recognizable energy companies." The AP notes...

Japan's Nippon Steel Scoops Up US Steel for $14B

New combined company will be among top 3 steel-producing companies in the world

(Newser) - US Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will...

One Big Oil Company Will Absorb Another, for $53B

Chevron is buying Hess, just weeks after Exxon Mobil made its own $60B acquisition

(Newser) - Chevron is buying Hess Corp. for $53 billion as the biggest US oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about $60 billion, per the AP...

Twinkies Maker Hostess Sells in $5.6B Deal
An Iconic Snack-Maker Sells
Sep 11, 2023 11:02 AM CDT

An Iconic Snack-Maker Sells

JM Smucker picks up a new acquisition, Twinkies maker Hostess, for $5.6B

(Newser) - Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to JM Smucker in a deal worth about $5.6 billion, reports the AP . Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it...

Campbell Soup Is Making a $2.7B Buy
Campbell Soup
Just Made a Big Buy
Aug 8, 2023 9:40 AM CDT

Campbell Soup Just Made a Big Buy

Venerated soup-maker is picking up Sovos, the maker of Rao's pasta sauces, for $2.7B

(Newser) - Campbell Soup is set to buy Sovos Brands, the maker of Rao's pasta sauces. The two companies said in an announcement that they had entered an agreement for Campbell to acquire Sovos for $23 per share in cash—reflecting a total value of about $2.7 billion, the AP...

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