Coverage: Salesforce is buying MuleSoft for $6.5 billion
Salesforce has agreed to pay $6.5 billion in a cash and stock deal for business software company MuleSoft, its biggest acquisition ever. Jonathan Vanian of Fortune had the news: The sales software giant announced the deal on Tuesday after Reuters reported that the two companies were in talks. Salesforce said that the deal “represents a 36% premium over […]
Coverage: CACI International seeks to disrupt General Dynamics bid for CSRA
U.S. defense contractor CACI International Inc. has offered to merge with larger peer CSRA Inc., seeking to disrupt the latter’s $6.8 billion acquisition by General Dynamics Corp. Mike Stone and Greg Roumeliotis of Reuters had the news: The move comes after CSRA agreed last month to sell itself to General Dynamics, another defense contractor, for $40.75 per share […]
Coverage: Trump blocks Broadcom deal for Qualcomm
President Donald Trump issued an executive order on Monday blocking Broadcom Ltd. from acquiring Qualcomm Inc., scuttling a $117 billion deal that had been subject to U.S. government scrutiny on national security. David McLaughlin of Bloomberg News had the story: The president acted on a recommendation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of […]
Reuters seeks M&A reporter in New York
Reuters is looking for an experienced and highly competitive business journalist to be part of its U.S. deals team and report on deals in the technology, media and telecommunication sectors. The role requires a deep understanding of how corporate executives and dealmakers operate, strong source-building and networking skills, and the ability to quickly and methodically familiarize oneself […]
Deals editor Banerjee leaving Bloomberg for tech company
Devin Banerjee, who helps oversee North American mergers and acquisitions coverage for Bloomberg News, is leaving the organization. Here is his farewell note sent to his colleagues: Friends – Looking back on the past seven years, I’m overwhelmed with gratitude for the opportunities Bloomberg has given me. Most of all, I’m grateful to the people […]
Coverage: Axa is in talks to purchase insurer XL Group
French insurance company Axa SA is in advanced talks to buy XL Group Ltd., a property and casualty insurer with a market value of $11 billion. Matthew Monks, Manuel Baigorri, Ruth David and Dinesh Nair of Bloomberg News had the story: Buying XL, which sells insurance to other insurers, would bolster Axa’s casualty coverage business in the U.S., and […]
Coverage: GE looks to sell engine business and rebound
General Electric Co. is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion as the conglomerate looks to rebound from multiple problems. Harry Brumpton and Greg Roumeliotis of Reuters had the story: The move comes after Chief Executive Officer John Flannery, who took over as CEO last summer, indicated to […]
Coverage: Roche is buying Flatiron Health for $1.9 billion
Swiss pharmaceutical giant Roche Group is buying Flatiron Health, an Alphabet-backed cancer-focused startup founded by two former Google employees, for $1.9 billion. Christina Farr of CNBC.com had the news: Flatiron was valued at $1.2 billion when it raised its last round from Roche in 2016. Medical distribution giant McKesson was also interested in buying the company, sources say. Alongside […]
Board tension at Thomson Reuters over deal
Thomson Reuters Corp., the parent of the Reuters financial news service, recently pressed ahead with plans to sell part of its business to Blackstone Group LP for $17 billion despite chairman David Thomson’s concerns that directors failed to seek a higher price or consider other buyers, reports Jacquie McNish and David Wighton of The Wall […]
Coverage: General Dynamics is buying CSRA for $6.8 billion
General Dynamics Corp., the maker of Abrams tanks and nuclear submarines, agreed to buy CSRA Inc. for about $6.8 billion to expand its computer-services offerings for government agencies and military customers. Phil Serafino and Thomas Black of Bloomberg News had the story: CSRA holders will receive $40.75 a share in cash, General Dynamics said in a statement Monday, a 32 percent premium over the […]
