Coverage: CVS to buy Aetna in $69 billion deal
Aetna Inc.’s board of directors approved on Sunday the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp. for approximately $69 billion cash and stock,. Carl O’Donnell and Greg Roumeliotis of Reuters had the news: The $69 billion deal will be this year’s largest corporate acquisition. It will combine one of the nation’s largest pharmacy benefits managers […]
Coverage: Buffalo Wild Wings sells to Arby’s for $2.4 billion
Fast-food chain Arby’s Restaurant Group said Tuesday it reached a deal to acquire Buffalo Wild Wings, which uses the slogan “wings, beer, sports” in its advertisements, for $2.4 billion in cash. Nathan Bomey of USA Today had the story: The deal comes as the casual dining sector is ailing as Americans have rediscovered home meals amid low grocery prices […]
Coverage: Meredith to acquire magazine publisher Time Inc.
U.S. media company Meredith Corp. has agreed to acquire Time Inc., the U.S. publisher of Sports Illustrated and Fortune magazines, for about $2 billion, according to media reports on Sunday. Liana B. Baker and Greg Roumeliotis of Reuters had the news: The acquisition would be a coup for Meredith, which held unsuccessful talks to buy […]
Bloomberg private equity reporter Porter moving to M&A
Kiel Porter, a private equity reporter for Bloomberg News in New York, is moving to cover mergers and acquisitions out of its Chicago bureau. Porter will move to Chicago shortly after the first of the year and cover general M&A news. He’s been covering private equity in New York since July 2015. Before that, he […]
Bloomberg’s Barinka moving to tech M&A beat
Bloomberg News reporter Alex Barinka is moving to San Francisco early next year to take on the technology mergers and acquisitions beat. Barinka has been covering initial public offerings for the past two years. She also appears frequently on Bloomberg Television. I’m psyched to say that I’ll be covering technology M&A for my stellar @BloombergDeals team. I’ll be moving […]
Coverage: Government sues to block AT&T-Time Warner
The U.S. Department of Justice sued AT&T Inc. on Monday to block its $85.4 billion acquisition of Time Warner Inc., saying the deal could raise prices for rivals and pay-TV subscribers while hampering the development of online video. Diane Bartz and David Shepardson of Reuters had the news: The lawsuit is the first major challenge to a merger […]
Coverage: Roark Capital offers to buy Buffalo Wild Wings
Atlanta-based Roark Capital has made an offer to buy casual dining restaurant operator Buffalo Wild Wings for more than $150 per share. Lauren Hirsch and Angelica LaVito of CNBC.com had the news: The person who spoke to CNBC asked not to be named because the information is confidential. Buffalo Wild Wings and Roark did not immediately respond to requests […]
Coverage: Hasbro makes offer for rival Mattel
Hasbro Inc. has made an approach to acquire rival Mattel Inc., the latest attempt to combine the two biggest U.S. toymakers in more than two decades. Greg Roumeliotis of Reuters had the news: A deal would create a toy powerhouse, uniting Hasbro’s My Little Pony, Monopoly and Nerf brands with Mattel’s Barbie dolls and Hot Wheels toys. […]
Coverage: AT&T deal for Time Warner under scrutiny
AT&T’s acquisition of Time Warner has hit a serious snag as negotiations between the companies and the Department of Justice have turned so contentious that now both sides are arguing publicly over what the dispute is even about. Brian Stelter of CNNMoney.com had the news: Both sides agree that there was a pivotal meeting on Monday […]
Coverage: Disney in talks to buy most of 21st Century Fox
21st Century Fox has been holding talks to sell most of itself to Walt Disney Co., leaving behind a media company tightly focused on news and sports. David Faber of CNBC broke the news: The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are […]
