The Athletic CEO Alex Mather proposed the merger to Axios CEO Jim VandeHei last week, people familiar with the matter told the Wall Street Journal.
Kansas City Southern will be bought in a $25 billion deal by Canadian Pacific Railway. The merger will create the first North American rail network.
Support.com announced it will take bitcoin miner Greenidge Generation public, sending shares of the technical services provider soaring.
Rockley Photonics will merge with SC Health Corp. in a transaction that gives the combined company a pro forma enterprise value of $1.2 billion.
Okta shares fell after the ID-authentication software maker issued a soft outlook. The company also plans to buy rival Auth0 for $6.5 billion.
Walmart's Flipkart is considering going public in the US and may do so through a merger with a SPAC, according to a report Thursday.
Peridot Acquisition Corp. will merge with battery recycler Li-Cycle, sending shares of the blank-check company up by 30% on Tuesday morning.
Tesla CEO Elon Musk said Tuesday that he would be open to discussing a merger with a rival automaker. “We’d certainly have that conversation,” he told Mathias Döpfner, CEO of Business Insider parent company Axel Springer. But Tesla wouldn’t launch a “hostile takeover,” he said. Tesla faced hostility from its […]
Twilio surged to record highs on Monday after it agreed to acquire Segment for $US3.2 billion in an all-stock deal. “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said. The deal is expected to close in […]
Social Capital Hedosophia Holdings Corp. III will merge with Medicare insurer Clover Health in a deal valuing the latter firm at $US3.7 billion, according to a Tuesday press release. The special-purpose acquisition company, or SPAC, led by billionaire Chamath Palihapitiya will use funds raised in its initial public offering to […]
Bristol-Myers Squibb said on Monday that it agreed to acquire MyoKardia for $US13.1 billion in cash. The deal will bolster Bristol-Myers’ cardiovascular franchise, as the acquisition gives the biotech company exposure to promising pipeline candidates for the treatment of hypertrophic cardiomyopathy, among others. The deal is expected to close in […]
CaixaBank and Bankia received approval from their boards to merge, creating a bank worth more than $US786 billion on Friday. CaixaBank will exchange 0.6845 of its shares for one Bankia share. The new bank will operate under CaixaBank’s brand and will have more 20 million customers. Visit Business Insider’s homepage […]
Social Capital Hedosophia Holdings Corp. II, a SPAC led by billionaire investor Chamath Palihapitiya, surged 25% on Tuesday after it confirmed it was merging with Opendoor. Opendoor is a property technology company that directly buys homes from sellers, makes necessary repairs to the homes, and then resells them. The transaction […]
Gilead said on Sunday it agreed to acquire cancer-drug company Immunomedics for $US21 billion. Shares of Immunomedic soared as much as 106% on Monday following the news. Immunomedics sells Trodelvy, a drug used to treat different forms of breast cancer and that is being evaluated for a number of other […]
Nvidia surged on Monday after it agreed to acquire UK-based Arm Holdings for $US40 billion. The acquisition will give Nvidia a solid footing in the smartphone space, given that the popular Qualcomm Snapdragon mobile chip is built on Arm architecture. The deal is expected to be immediately accretive to adjusted […]
Summary List Placement Airbnb declined a merger with Bill Ackman’s record-size acquisition company after early-stage talks, Bloomberg reported on Wednesday. The home-rental giant reportedly told Ackman it prefers entering public markets through a traditional IPO. Still, Airbnb hasn’t completely ruled out a deal despite confidentially filing for an IPO in […]
Wells Fargo is now the subject of merger speculation, as its stock trades nearly 70% off its 2018 high and is trading back to levels not seen since the Great Recession. In a tweet, Fox Business Senior Correspondent Charles Gasparino speculated that Goldman Sachs and Wells Fargo are considering a […]