Tag: Mergers & Acquisitions

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  • China is buying US firms

    China is gobbling up foreign firms at a record rate

    Chinese firms are snapping up foreign companies at a record rate. Research firm Dealogic estimates that $108.5 billion in foreign deals have already occurred in 2016. There have already been 281 announced deals this year, compared to 611 for all of 2015. Last year $106 billion in total acquisitions were picked up by Chinese firms for […]

  • Halliburton and Baker Hughes will not merge

    Halliburton won’t merge with Baker Hughes

    Halliburton has canceled its mega-merger with Baker Hughes. The second and third-largest companies in the oil and gas industry announced on Sunday that they have decided to walk away from the deal they reached in November 2014. Baker Hughes originally agreed to be acquired by Halliburton for $34.6 billion. “While both companies expected the proposed […]

  • Dreamworks bought by Comcast

    Comcast buys DreamWorks Animation for $3.8 billion

    Comcast is buying DreamWorks animation. The company’s NBCUniversal division is acquiring the studio for about $3.8 billion. On Thursday, Comcast said shareholders in DreamWorks will receive $41 in cash per share of stock. DreamWorks shares closed at $32.20 on Wednesday afternoon, following rumors that the acquisition was nearing completion. The company expects the deal to be approved by […]

  • Verizon and Yahoo

    T-Mobile CEO says Verizon will make a ‘stupid acquisition’ soon

    T-Mobile CEO John Legere believes Verizon will make a monumentally “stupid acquisition” within the next six months. While Legere was not specific in his interview on CNBC on Tuesday, he very well could be referring to the company’s interest in acquiring Yahoo’s core business. He told CNBC: “Verizon’s about to take over as dumber from AT&T. […]

  • Withings acquired by Nokia

    Nokia is buying smart scale company Withings for $191 million

    Nokia has announced plans to buy Withings for $191 million. The French company is best known for manufacturing fitness trackers and smart bathroom scales that connect to your mobile devices. “When we were approached by Nokia, it was inspiring to discover how perfectly aligned our visions are,” Withings CEO Cédric Hutchings wrote in a blog post. “Users’ satisfaction remains […]

  • Marriott and Starwood

    Marriott and Starwood are officially merging into the world’s largest hotel company

    Marriott and Starwood shareholders on Friday voted to merge their two companies. Once completed they will operate the world’s largest hotel company. Starwood shareholders will receive 0.8 shares of Marriott plus $21.00 in cash. Starwood in November agreed to be bought by Marriott, but last month the Chinese insurance giant Anbang made multiple attempts to bust up […]

  • Halliburton and Baker Hughes

    US files lawsuit to block Halliburton and Baker Hughes merger

    The Justice Department has filed a motion to block the proposed merger of Halliburton and Baker Hughes. The agency says the merger of two of the three largest providers of oilfield services in the world would hurt the US economy and global competition. “The proposed deal between Halliburton and Baker Hughes would eliminate vital competition, skew energy markets […]

  • Pfizer and Allergan

    Pfizer And Allergan Agree To $160 Billion Mega-Merger

    Pfizer and Allergan have agreed to form the world’s largest pharmaceutical company. The two companies announced their formal merger agreement on Monday. If the deal receives regulatory approval it would combine Pfizer’s Lyrica, Enbrel, and Viagra products with Allergan’s Botox and Restasis products. In a bit of good news for customers, drug prices have tended […]