How the deal to sell Forbes fell apart
Lucy Hornby, James Fontanella-Khan and Henry Mance of the Financial Times write about how the sale of a majority stake in Forbes Media fell apart. Hornby, Fontanella-Khan and Mance write, “The messy US legal dispute now clouds the future of Forbes magazine, the self-proclaimed ‘capitalist tool’ that has been a champion of free markets for […]
Coverage: Pfizer, Allergan combine in megamerger
Pfizer announced Monday that it would purchase Botox maker Allergan in a $160 billion deal, but the deal is sure to draw many critical eyes given it is an inversion deal. Inversion deals allow U.S. corporations to switch their headquarters to foreign countries where taxes are less restrictive. President Obama has been a vocal critic of […]
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 […]
