acquisition

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Sold! Burger King for $4B
 Sold! Burger King Goes for $4B 
Sep 2, 2010 9:02 AM CDT

Sold! Burger King Goes for $4B

3G Capital to acquire company for $4B

(Newser) - Burger King got itself a whopper of a deal: The country's second-largest hamburger chain will sell itself to private equity firm 3G Capital for $24 a share. Final price tag: about $4 billion, reports Bloomberg . That price is 46% more than Burger King’s $16.45 close on Tuesday, before...

Ford in Deal to Sell Volvo to Chinese

Final agreement with China's Geely expected early next year

(Newser) - Ford says it is close to selling its loss-making Volvo unit to China's Geely and expects a final deal in the first quarter of next year. "All substantive commercial terms relating to the potential sale have been settled," Ford said in a statement. Ford chose Geely as the...

Comcast Confirms NBC Buy
 Comcast Confirms NBC Buy 
Dec 3, 2009 5:55 AM CST

Comcast Confirms NBC Buy

$13.75B deal will create entertainment juggernaut

(Newser) - Comcast has confirmed its deal to buy a controlling share of NBC Universal from GE to create one of the world's biggest entertainment firms. Comcast will pay $13.75 billion in cash and assets for a 51% stake in NBC, the AP reports. The nation's largest cable TV operator will...

Online Wiz, 29, Sells Firm for $170M

Aaron Patzer makes a mint when Intuit buys his finance site

(Newser) - Aaron Patzer recently joined the ranks of America's under-30 tech multi-millionaires when rival firm Intuit snapped up his Mint.com online personal finance tool for $170 million. "It was a jaw-dropping moment" when Intuit—which is transferring its 43 million Quicken users to Mint—made the offer, Patzer tells...

Buffett Bets on Recovery, Buys Burlington for $26B

Deal will be Berkshire Hathaway's largest ever

(Newser) - Berkshire Hathaway has agreed to buy up the 77.4% of railroad operator Burlington Northern Santa Fe it didn’t already own for $26 billion, in what would be Warren Buffett’s largest acquisition ever. “It’s an all-in wager on the economic future of the United States,”...

GM to Sell Opel to Canada's Magna

Detroit firm also recommends Vauxhall go to Magna

(Newser) - After painfully drawn-out negotiations, General Motors’ board has agreed to sell its Opel unit to Canadian firm Magna International, maintaining a tie that will keep Opel a "a fully integrated part of GM's global product development organization," the company said. The German government, which earlier this year loaned...

Mickelson Looks to Buy Waffle House Franchise

Golfer's company makes $20.2 million offer for budget restaurant chain

(Newser) - Phil Mickelson has made a bid for SouthEast Waffles, a group of 105 Waffle House restaurants in four southern states, the Tennessean reports. Mickelson’s GS Acquisitions offered to buy SouthEast Waffles out of bankruptcy for $20.2 million. Though neither Mickelson nor his two other partners at GS have...

Music Industry Hunts for Cash in Pirate Bay Sale

Trade group wants its chunk of $7.8M acquisition

(Newser) - The music industry wants its money back from those copyright vigilantes at Pirate Bay, and now it sees a decent chance to get it, reports CNET. An industry trade group plans to go after the $3.6 million in damages awarded by a Swedish court now that a software company...

GM, Saturn Dealers Split on Playing Up Penske Name

(Newser) - Saturn dealerships around the country have been using the brand’s planned acquisition by Roger Penske to attract customers, the Wall Street Journal reports. "People want to buy from someone they like," said the owner of a Saturn dealership in Wichita. But dealership owners nationwide have since received...

Schwarzenegger Happy to See Hummer Go to China

Calif. Gov. believes Chinese owners will be able to ratchet up mileage

(Newser) - California Gov. Arnold Schwarzenegger helped popularize the Hummer by driving one, but he's not worried that its days of American ownership are over, reports the Los Angeles Times. The gas-guzzler has come to symbolize Detroit's failure to innovate, and the brand's new Chinese owners will be able to double the...

GM Strikes Hummer Deal
 GM Strikes Hummer Deal 
Jun 2, 2009 7:21 AM CDT

GM Strikes Hummer Deal

Buyer, price not disclosed

(Newser) - General Motors has announced a "tentative" plan to sell its Hummer brand to a buyer who could take control by the end of the third quarter, says the Wall Street Journal. The firm didn’t say who was buying it or for how much, but noted that the purchaser...

'I Made a Mistake' Buying Tribune Co.: Zell

Canny investor admits he backed a losing horse

(Newser) - Sam Zell is famous for his business acumen. He made a near-psychic call to sell his office-property company for billions just months before the market tanked. But the magnate now tells Bloomberg another deal he made was as boneheaded, in retrospect, as the Equity Office Properties deal was prescient: buying...

5 Reasons Twitter's Worth $1B to Google

Flagging company could use a boost

(Newser) - Google will look like a twit if it doesn’t snap up Twitter, and Henry Blodget of Silicon Alley Insider gives 5 reasons it should part with $1 billion to do so:
  • Search, Google’s bread and butter, is dwindling, and the company needs a new growth engine to energize
...

IBM to Nab Rival Sun for $7B
 IBM to Nab Rival Sun for $7B 
Apr 3, 2009 7:11 AM CDT

IBM to Nab Rival Sun for $7B

Deal would let IBM rule Unix server market

(Newser) - IBM looks set to buy rival Sun Microsystems in a $7 billion deal that would make IBM king of the lucrative Unix server market, the New York Times reports. The $9.50-per-share agreement, already approved by IBM’s board, insiders say, could be announced today—though next week is more...

Google Near Deal to Acquire Twitter: Insiders

Two insiders put price well above $250 million

(Newser) - Google is in the last stages of acquiring Twitter for a price well above the microblogging site's recent $250 million valuation, reports industry blog TechCrunch, citing anonymous sources. Twitter recently rejected a $500 million offer from Facebook—although much of that price was in stock that may be overvalued. A...

Ousted Thain Subpoenaed on Early Merrill Bonuses

NY attorney general also calls BoA exec in probe of banks and TARP funds

(Newser) - New York’s attorney general issued a subpoena today to force John Thain to testify about his acceleration of bonus payments for Merrill Lynch employees last month, the Financial Times reports. A subpoena was also issued to a Bank of America executive thought to have consulted with Thain—then Merrill’...

Ballmer Quashes Yahoo Bid Rumors; Open to Partnership

Microsoft 'done' with acquisition attempts, even after Yang's resignation

(Newser) - Steve Ballmer quashed the rumor that Microsoft would make another offer to buy Yahoo now that Jerry Yang has quit as CEO, CNET reports. “We are done with all acquisition discussions with Yahoo,” the chief executive said today. “We did our best; we’ve moved on.”

Barclays in Talks to Buy Lehman Assets

Deal could save 10,000 jobs, salvage operations

(Newser) - Barclays is in talks to buy Lehman Brothers’ key assets in a shift that could save 10,000 jobs and some operations, the Wall Street Journal reports. A deal could be finalized today. No sale price has yet emerged for the possible transaction, which wouldn’t touch Lehman’s bad...

Paulson, Wall Street Execs Let Lehman Die

11th-hour meeting exhausted all possible rescue options for investment firm

(Newser) - As the dust settles on Wall Street, details of the final frantic negotiations on Lehman Brothers reveal that Henry Paulson’s opposition to a government bailout ultimately sealed the investment bank’s fate, the Journal reports. Paulson summoned an emergency meeting of 30 Wall Street executives Friday to definitively state...

Maker of Marlboros May Buy Skoal for $10B

(Newser) - The nation’s largest cigarette maker, Altria Group, is in talks to acquire UST, the producer of Skoal and Copenhagen smokeless tobaccos for a rumored $10 billion, the New York Times reports. Altria, a spinoff of Philip Morris, makes Marlboro cigarettes. Negotiators were poised to strike a deal over the...

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