Coverage: Spotify drops plan to buy Soundcloud, plans IPO
Music streaming service Spotify has dropped out of purchased Soundcloud and is now exploring an initial public offering, according to multiple business news reports. Anna Nicolaou and Matthew Garrahan of the Financial Times had the news: The companies were in advanced talks on a deal in September, the FT reported, as Spotify looks to compete with Silicon […]
Coverage: AT&T and Time Warner executives defend deal
Executives of AT&T Corp. and Time Warner spent Wednesday defending their proposed $85 million deal before Congress, which sent AT&T’s stock above $40 for the first time since the deal was announced. John D. McKinnon, Thomas Gryta and Shalini Ramachandran of The Wall Street Journal had the news: Senators from both parties voiced wide-ranging concerns about the […]
Mergermarket seeks team leader in Chicago
The editor will act as our team leader in the Chicago office, overseeing day-to-day editorial operations for Mergermarket, Dealreporter. They will play a key role in efforts to build our presence in Chicago, and across the Midwest, via developing key external relationships and participating in industry events. Key responsibilities Managing Chicago-based reporters; accountable for daily/weekly […]
Coverage: Symantec to acquire LifeLock for $2.4 billion
Cybersecurity company Symantec Corp. has agreed to acquire LifeLock for $2.4 billion, expanding its business into theft security. Kiel Porter and Beth Jinks of Bloomberg have the news: LifeLock has been working with Goldman Sachs Group Inc. on the potential sale for several months, people with knowledge of the process said earlier this month. The company provides a range […]
PCWorld owner in talks to sell for more than $1 billion
The owner of PCWorld and other publications is in talks to sell to Chinese investors for more than $1 billion, reports Liana B. Baker of Reuters. Baker writes, “While the parties are in advanced discussions, no deal is finalized and talks could fall apart at any time, the people cautioned. “IDG, based in Framingham, Massachusetts, declined to […]
WSJ’s Baker: Our M&A coverage is “outstanding”
Wall Street Journal editor Gerard Baker sent out the following to the staff on Monday: While much attention has inevitably been focused elsewhere, we’ve had a stellar run of exclusives and deeply reported enterprise journalism in the last couple of weeks and I wanted to pay tribute to all those responsible for our consistently excellent […]
Coverage: CenturyLink to buy Level 3 for $25 billion
CenturyLink Inc. has agreed to purchase Level 3 Communications Inc. for $25 billion in a deal that makes the combined companies more competitive in the communications landscape. Drew Fitzgerald and Joshua Jamerson of The Wall Street Journal had the news: Level 3 runs one of the largest internet backbones in the world but has turned its focus to […]
Coverage: Performance Sports Group for sale and to file Chapter 11
Performance Sports Group, which makes Bauer hockey equipment and Easton baseball equipment, plans to file for Chapter 11 bankruptcy court protection as soon as Monday and will likely put itself up for sale. Jacquie McNish of The Wall Street Journal has the news: Performance Sports is preparing to file for protection from its creditors as early […]
MarketWatch launches The Big Deal newsletter on AT&T/Time Warner
MarketWatch.com has started a daily email newsletter called The Big Deal focused on news and analysis about AT&T’s proposed $85 billion acquisition of Time Warner. The newsletter will be written by media reporter Trey Williams. MarketWatch editor in chief Jeremy Olshan explained its origination in an email to Talking Biz News: Most email newsletters are treated […]
Coverage: GE wants Baker Hughes for $30 billion
The merger and acquisition frenzy continued Thursday with news that General Electric Co. wants to pay $30 billion for Baker Hughes Inc. Dana Mattioli, Kate Linebaugh and Joann Lublin of The Wall Street Journal had the news: GE has approached the oil-field services company about a takeover, the people said, but details of the talks […]
