Quartz is being sold to a Japanese company for at least $75 million
Japanese company Uzabase announced Monday that it has signed an agreement to acquire Quartz, the business news outlet created and owned by Atlantic Media, as part of an expansion into the United States. The deal values Quartz between $75 million and $110 million depending on achievement of future financial and operating performance in 2018. As […]
Coverage: Amazon is buying PillPack for $1 billion
Amazon.com Inc. said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. Ankur Banerjee and Bill Berkrot of Reuters had the news: The deal’s potential to disrupt major players across the drug supply chain nationwide prompted […]
Coverage: Gray Television buying Raycom for $3.6 billion
Atlanta-based TV station owner Gray Television has a $3.6 billion deal to buy Raycom Media, creating a station group with a wide footprint in the Midwest and South. Cynthia Littleton of Variety had the news: The deal marks the latest example of consolidation in traditional TV. The union of Gray and Montgomery, Ala.-based Raycom will bring 142 TV stations […]
Coverage: Disney sweetens the deal for Fox assets
The Walt Disney Co. sharply increased its offer for 21st Century Fox on Wednesday, as it looks to win a bidding war with Comcast for Rupert Murdoch’s entertainment conglomerate. Edmund Lee of The New York Times had the news: In a quickly issued response, 21st Century Fox announced that it had entered into an agreement with […]
Acuris buys SparkSpread, energy M&A news provider
Acuris announced Tuesday it has acquired SparkSpread, an online news service on M&A and financing in the global energy industry, for an undisclosed amount. SparkSpread was founded by journalists Will Ainger and Victor Kremer in 2005. It will join Acuris’ Infrastructure division. “We are excited to welcome the acclaimed SparkSpread team to the growing Acuris […]
Coverage: Perry Ellis goes private in deal with founder
Clothing designer-retailer Perry Ellis International Inc. agreed to be taken private by its founder, George Feldenkreis, in a $437 million deal after Feldenkreis spent months pushing for the company to be sold. Zachary Tracer of Bloomberg News had the story: Investors will get $27.50 a share in cash, the Miami-based company said Saturday in a statement. That’s the […]
Coverage: Comcast offers $65 billion for most of 21st Century Fox
Comcast announced an offer worth $65 billion for the bulk of 21st Century Fox’s businesses on Wednesday, setting up a showdown with the Walt Disney Company for Rupert Murdoch’s media empire. Edmund Lee and Brooks Barnes of The New York Times had the news: The all-cash bid by Comcast, the largest cable company and broadband provider in the […]
Journalist Hiralal leaves The Deal for Leadership Connect
Longtime business journalist Baz Hiralal has left The Deal for a job at Leadership Connect. Hiralal had been there since January 2004, writing and editing for the website. He is best known for writing the daily Movers & Shakers column, which focused on executive hires, departures and promotions in the financial services and legal communities. The column […]
Coverage: Judge approves AT&T purchase of Time Warner
A federal judge handed AT&T a sweeping victory on Tuesday and approved its $85 billion acquisition of Time Warner, a deal that promises to reshape the media industry. Hadas Gold and Brian Stelter of CNNMoney.com had the news: After a six-week trial, Judge Richard Leon ruled that the government had failed to prove that the deal violates antitrust […]
Coverage: Stryker approaches Boston Scientific about deal
Medical device maker Stryker Corp. has made a takeover approach to rival Boston Scientific Corp., a combination that would give Stryker a strong position in stroke-preventing heart products. Bill Berkrot of Reuters had the news: A deal would create a combined company with a market value of more than $110 billion and a wide breadth of […]
