mergers and acquisitions

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CNN Looks Likely to Buy Mashable


 CNN Looks 
 Likely to Buy 
 Mashable 
MEDIA RUMORS
Mar 12, 2012 12:12 PM CDT

CNN Looks Likely to Buy Mashable

Move would link traditional, new media

(Newser) - CNN is deep into talks to purchase social media news site Mashable, insiders tell the New York Times , which confirms an earlier Reuters report. It would be CNN's biggest-ever buy, costing well beyond the estimated $20 million purchase of app maker Zite last autumn. The news is thrilling South...

Investors Snapping Up Daily Papers

Real estate a major factor in sale of 71 papers last year

(Newser) - Despite plunging revenue and circulation figures, plenty of people in America are still buying daily newspapers—lock, stock, and valuable headquarters. Some 71 daily papers were sold last year, and while some investors see buying a paper as a civic duty, others view it as a way to turn a...

AT&T Drops Bid to Purchase T-Mobile
 AT&T: Forget T-Mobile Merger 
Dec 19, 2011 4:33 PM CST

AT&T: Forget T-Mobile Merger

Wireless giant ends $39B bid to buy T-Mobile

(Newser) - AT&T Inc. said today that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cell phone giant said that the actions of the US government to block the deal do not change the challenges of the wireless phone industry, which it...

Yahoo Attracts Many Suitors, Weak Offers

$20.6B price way down from 2008

(Newser) - The good news: There are plenty of suitors shopping for the 19.9% minority stake Yahoo is peddling. The bad news: Everybody's looking for a deal. A Microsoft-linked private equity group has put in a bid that values the onetime behemoth at $20.6 billion, reports the Guardian —...

AT&T, T-Mobile Withdraw Merger Bid (for Now)

They yank application from FCC but haven't given up on the deal

(Newser) - AT&T and T-Mobile have unexpectedly withdrawn their merger application from FCC consideration. While the move hints at trouble for the $39 billion deal, the companies say they’re not giving up, Politico reports. Instead, they’ll focus on getting approval from the Justice Department—either by winning an antitrust...

eBay Snaps Up Hunch for $80M
 eBay Snaps Up Hunch for $80M 
Nov 21, 2011 11:56 AM CST

eBay Snaps Up Hunch for $80M

Its recommendation technology will be applied to eBay

(Newser) - eBay made a splash today by acquiring Hunch , a recommendations startup that launched in 2009, the companies announced . The official statement didn’t list a price, but Michael Arrington’s Uncrunched , which first reported the deal, said it would be "somewhere around $80 million." Hunch founder Chris Dixon...

Amazon Secretly Buys Voice Company

Could acquisition of Yap herald Siri competitor?

(Newser) - Is Amazon trying to dig deeper into gadget land? The company appears to have clandestinely purchased Yap, a company specializing in voice recognition technology. In a never-announced deal on Sept. 8, Yap was acquired by a company called Yarmuth Dion Inc. The merged company was then immediately renamed Yap. But...

Olympus Admits Hiding Decades of Losses

Accounting shenanigans could doom Japanese firm

(Newser) - Olympus has done an about-face after weeks of denials, and admitted to financial wrongdoing on a scale that could doom the Japanese camera and medical equipment maker. The company has admitted that it used acquisitions to hide over $1 billion in investment losses dating back to the 1990s, the New ...

Google Buys Zagat Guide
 Google Buys 
 Zagat Guide 
Sep 8, 2011 12:01 PM CDT

Google Buys Zagat Guide

They promise to make it central to their local and map products

(Newser) - We’re going to bet that Yelp is pretty upset right now, because Google took what looks to be a big step into its turf today by acquiring Zagat to bolster its location offerings, Mashable reports. Marissa Mayer, Google’s VP of Local, Maps, and Location services, announced the deal...

Stocks Shoot Up at Open
 Stocks Shoot Up at Open 
MARKETS
Aug 15, 2011 8:46 AM CDT

Stocks Shoot Up at Open

Dow sees triple-digit rise

(Newser) - Is the panic over on Wall Street? The Dow shot up around 131 points, and the S&P and Nasdaq were up 13.5 and 26.2 as of 9:39am EST. Part of the gain came from Google’s blockbuster acquisition of Motorola , which sent the latter’s stock...

Senator Says AT&T, T-Mobile Merger Must Die

Urges FCC, Justice Department to block it on anti-trust grounds

(Newser) - AT&T’s purchase of T-Mobile must be blocked on antitrust grounds, Sen. Herb Kohl declared today. The chair of the Senate subcommittee on Antitrust, Competition Policy, and Consumer Rights released a letter urging the FCC and Justice Department to step in before the two phone companies get hitched, the...

Twitter Snaps Up TweetDeck
 Twitter Snaps Up TweetDeck 
May 25, 2011 1:19 AM CDT

Twitter Snaps Up TweetDeck

Leading 3rd-party app now part of company

(Newser) - Twitter has snapped up popular third-party application TweetDeck, ending months of speculation about a possible deal. The acquisition—for some $40 million in cash and stock, according to CNN —is in line with Twitter's recent moves to regain control of its ecosystem and provide a more uniform experience...

Facebook Considering Buying Skype
Facebook Considering Buying Skype
May 5, 2011 9:43 AM CDT

Facebook Considering Buying Skype

Meanwhile, Google holds talks with Skype for joint venture

(Newser) - Skype is suddenly the prettiest girl in school now that it’s pushed back its IPO. Google is in talks for a joint venture with the online calling company, and Facebook is considering buying it outright, sources tell Reuters . Skype is expected to rake in about $1 billion if it...

Dear Feds: Don't You Dare Let AT&T Buy T-Mobile

Say goodbye to competition, hello to gouging

(Newser) - AT&T's bid to buy T-Mobile is brilliant, writes Brett Arends for MarketWatch —for AT&T. For everyone else, it's "disastrous," if not downright anticompetitive. "It will let AT&T shut down a competitor, jack up prices, and save on customer service," he writes in...

AT&T, T-Mobile Merger Reactions: Not Good for Consumers
 AT&T, T-Mobile Merger 
 Bad News for Consumers 
early reactions
Mar 21, 2011 6:29 AM CDT

AT&T, T-Mobile Merger Bad News for Consumers

The consensus: 'Ma Bell is back'

(Newser) - Reactions to the surprise AT&T-T-mobile merger are pouring in, and, not surprisingly, most conclude this isn't a good thing for consumers:
  • The Bell telephone system—"aka AT&T"—was broken up in 1984 to increase competition, and the US telecommunications market was deregulated in 1996, again to
...

News Corp Wins Approval for BSkyB Deal; Sky News to Be Spun Off
 Brits OK Murdoch Mega TV Deal 
Mar 3, 2011 3:03 AM CST

Brits OK Murdoch Mega TV Deal

News Corp to buy BSkyB, spin off Sky News

(Newser) - The British government has given the green light to Rupert Murdoch's biggest deal in the nation for decades. Murdoch's News Corp will be allowed to increase its stake in pay-TV giant British Sky Broadcasting from 39.1% to 100%, on the condition that it spin off its Sky News subsidiary...

NYSE to Merge With Deutsche Böerse

Name of the new entity in question

(Newser) - Deutsche Böerse AG, the company that owns the Frankfurt Stock Exchange, has agreed to merge with NYSE Euronext, the company that owns the New York Stock Exchange, forming a new as-yet unnamed entity, the companies announced today. Deutsche Böerse will own 60% of the new company, which will...

Google, Facebook Eye Twitter, Price Tag: $10B

Social network valuations head to the sky

(Newser) - Facebook and Google are among the companies circling Twitter and considering a colossal buyout deal, insiders tell the Wall Street Journal . The talks haven't gone anywhere yet, but the price under discussion is somewhere between $8 billion and $10 billion—roughly 100 times the amount of revenue Twitter, which lost...

HuffPo Writers: How About Some Pay?

$315M deal leaves unpaid contributors out in cold

(Newser) - The Huffington Post's sale to AOL for $315 million —and the estimated $18 million to $100 million Arianna Huffington made on the deal—has left the news site's unpaid contributors wondering where their piece of the pie is, the Daily notes. "My share of the Huffington Post sale,...

AOL-HuffPo Deal Seems Pretty Win-Win


 AOL-HuffPo  
 Deal Seems 
 Pretty Win-Win 
Reactions
Feb 7, 2011 1:39 PM CST

AOL-HuffPo Deal Seems Pretty Win-Win

HuffPo gets cash, AOL gets a vision, advertisers get eyeballs

(Newser) - AOL's purchase of the Huffington Post is drawing plenty of muted cheers—and a few harsh critiques. Most seem to agree that both sides come out ahead.
  • “The content rollup has begun,” writes Michael Wolff at MediaWeek , and new media is becoming old media—"if it’s
...

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