Coverage: Marriott to buy Starwood Hotels
In a $12.2 billion deal, Marriott agreed to buy Starwood Hotels, cementing Marriott’s position as the world’s largest hotelier. CNBC had the details behind the deal: The company, which had a market value of $12.67 billion as of Friday, had reached out to InterContinental Hotels Group Wyndham Worldwideand sovereign wealth funds for a possible deal […]
Coverage: Perrigo to survive hostile takeover, maybe
UPDATE: As of 9:00 a.m. Friday morning, Mylan officially lost its attempt to takeover fellow drug maker Perrigo. The company was just short of the 50 percent of shares needed to succeed. Generic drug maker Mylan is expected to lose its hostile takeover bid of its peer Perrigo, according to several outlets. The takeover bid […]
The Deal seeks assistant managing editor
The Deal LLC, an award-winning financial multi-media division of The Street Inc., is seeking an Assistant Managing Editor with excellent writing and interpersonal skills, a solid working knowledge of sophisticated corporate finance concepts, a facility for working with spreadsheets and data feeds, and an ambition to provide insightful, well-reported and timely stories to a customer […]
Coverage: AB InBev finalizes terms of SABMiller deal
Months of negotiating have led to this moment– AB InBev and SABMiller have finally finalized the details of their $106 billion deal. The deal will create one of the world’s largest beer companies, so in order to gain the support of regulators, SABMiller is selling its stake in Miller Coors, which owns several popular beer brands […]
Coverage: Expedia acquires Airbnb competitor HomeAway
Expedia announced Wednesday its $3.9 billion acquisition of Airbnb competitor HomeAway. The deal will allow Expedia to have more control in the home sharing market as Airbnb continues to cut into the traditional booking site’s territory. Leslie Picker of The New York Times had details of the merger: Expedia said it had agreed to acquire HomeAway, adding […]
Coverage: Activision buys Candy Crush’s maker for $5.9 billion
Sweet. Delicious. Crushed it. Activision Blizzard announced late Monday it was acquiring King Digital Entertainment, which rose to fame after creating Candy Crush, for $5.9 billion. The deal will not only give Activision access to new global markets, but it will also help the traditional videogame giant make its way into mobile. Sarah Needleman of […]
Coverage: Visa buys Visa Europe
Visa announced early Monday morning that it would buy Visa Europe. The potential $23 billion deal had been speculated about for some time. The Associated Press had this news blast: Visa plans to buy Visa Europe in a cash-and-stock deal that could be worth more than $23 billion. The global payments processor says it will […]
Coverage: Will Walgreens-Rite Aid pass regulators?
Walgreens announced a $9.4 billion takeover of rival chain Rite-Aid, but the excitement from the merger has worn off and now many are questioning if regulators will approve the deal. The antitrust question is a big one, especially since the two drug stores will have more than 12,000 stores nationwide once combined. Hiroko Tabuchi of The New […]
Coverage: Anheuser-Busch InBev and SABMiller reach agreement
After publicly squawking at one another just days ago, Anheuser-Busch InBev and SABMiller have finally agreed on terms for a merger. The deal will cost Anheuser-Busch a whopping $104 billion. And despite the two companies finally agreeing, the deal, which would create a dominating force in the beer industry, still has to pass regulator approval. […]
Coverage: Dell to buy EMC for $67 billion
It was rumored to be the largest deal of its kind, and on Monday morning, Dell Inc. confirmed it would buy EMC Corp. in a record breaking deal. Valued at roughly $67 billion, the deal provides EMC shareholders $33.15 per share, or a 27 percent premium since the deal was first speculated. .@Dell & @EMC […]
