Biden's order will tell agencies to scrutinize Big Tech mergers more closely, especially when these firms try to buy smaller companies.
Mergers conducted through SPACs are taking a bigger bite of the overall M&A market, according to a citation of figures from Morgan Stanley.
Bloomberg reported BuzzFeed was in talks with 890 Fifth Avenue Partners, a special-purpose acquisition company focused on media and entertainment.
Reinvent Technology Partners surged after inking a merger deal with the air taxi enterprise Joby Aviation on Wednesday.
The CEOs of Exxon and Chevron discussed merging the two largest US oil companies, the Wall Street Journal reported. The talks came in the early days of the pandemic, which battered the energy sector. Visit Business Insider’s homepage for more stories. Exxon and Chevron discussed merging the oil companies last […]
BBVA, Spain’s second-largest bank, and smaller rival Banco Sabadell have walked away from a planned merger after a price disagreement. The two lenders had confirmed a tie-up less than two weeks ago. Sabadell had been looking to merge with another Spanish bank for months. But BBVA said it’s in no […]
Goldman Sachs has been using drones to help secure billion-dollar deals during the pandemic. The shift to remote work forced investment bankers to conduct virtual tours of potential acquisition targets for their clients, the bank’s co-head of mergers told CNBC. “It gives buyers the confidence they need because when you […]
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Pershing Square Tontine is looking at employee-owned and family-controlled businesses as potential targets for a merger, Bill Ackman said in an interview with investor Whitney Tilson. The billionaire investor previously indicated his special-purpose acquisition company, or SPAC, was eyeing “mature unicorns” and “high-quality, venture-backed businesses” as takeover targets. Ackman added […]
Aimmune Therapeutics soared 172% on Monday after Nestle Health Science agreed to acquire the company for $US34.50 per share, or $US2.6 billion. Aimmune developed a treatment for peanut allergies, Palforzia, which was approved by the FDA in January of this year. But the COVID-19 pandemic derailed Aimmune’s Palforzia launch plans, […]
On Tuesday afternoon, Salesforce announced plans to purchase Slack for $US27.7 billion – one of the largest ever tech acquisitions. The purchase tops Microsoft’s 2016 acquisition of LinkedIn by a bit more than $US1 billion, putting it among the top five largest tech acquisitions of all time. Salesforce CEO Marc […]
Shares of Uber fell as much as 5% Wednesday morning after CNBC reported the company is “likely” to abandon its efforts to buy delivery competitor GrubHub. Sources told the news site that antitrust issues raised by lawmakers and activists were behind the deal’s fizzling out. CNBC also reported earlier in […]
Warren Buffett’s Berkshire Hathaway hasn’t closed a major takeover since 2016, and the holding company’s ammunition for such a deal is building up. Berkshire has $US137 billion to deploy for its next deal, and precedent shows Buffett shelling out tens of billions of dollars for his biggest acquisitions. Here are […]
Coronavirus fears drove global mergers and acquisitions to their lowest level since the financial crisis last week. Worldwide transactions totaled $US12.5 billion, the smallest weekly value since April 2009 per Refinitiv data. The value of global deals dropped 28% to below $US700 million in the first quarter, marking the worst […]
The potential merger of T-Mobile and Sprint passed a major hurdle on Tuesday when a US District Judge ruled in favour of the merger. The merger was getting pushed back by several State Attorneys General who claimed that a merger between T-Mobile and Sprint would stifle competition and lead to […]
Uber and DoorDash – both major players in the online food-delivery space – discussed a merger last year, according to a Financial Times report. Japan’s SoftBank, a major investor in both services, urged the companies to consider a merger. Though the deal failed, the report said both companies are still […]
T-Mobile’s planned merger with Sprint faces ongoing scrutiny from federal regulators, and the “Un-carrier” is reportedly renegotiating terms of the deal. T-Mobile has been working on a merger with Sprint for several years, but that’s not its only step in its plan to become one of the biggest companies in […]
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