Musk Twitter Deal on Hold
Elon Musk announced Friday he has temporarily put on hold his $44 billion bid on Twitter amid claims of spam or fake accounts. In a Tweet linking to a Reuters article, Musk said that the Twitter deal had been put …
merger or acquisition
Two or more companies forming a new company mergers, takeovers or acquisitions.
Philippines’ PLDT Sells Telecom Towers to Malaysian Firms for $1.5B
PLDT, the Philippines’ largest telecom company, announced on Tuesday that it sold thousands of its telecoms towers to two Malaysian firms for 77 billion pesos ($1.47 billion). Smart Communications and Digitel Mobile Philippines, both PLDT subsidiaries, have signed deals to …
Apollo Global May Participate in Twitter Bid
Private equity firm Apollo Global Management is reportedly considering participating in a bid for Twitter as a lender to potential buyers, including Tesla CEO Elon Musk. Apollo has held discussions about financing bidders to buy Twitter, according to people familiar …
Musk Offers to Buy Twitter for $41B
Elon Musk has offered to buy Twitter for about 41 billion USD and said that the platform needs to go private to thrive and serve free speech, days after rejecting a seat on Twitter’s board. Musk offered to buy 100% …
Google to Acquire Cybersecurity Firm Mandiant
Google has entered into a deal to acquire cybersecurity firm Mandiant for $5.4 billion in cash to support its booming cloud business. Google had offered $23 per share which, according to the cybersecurity firm, was at a 57 percent premium …
Lotte Acquires Ministop South Korean Operations
Lotte Corp., the holding company of South Korean retail giant Lotte Group, announced it acquired an entire stake of Ministop Korea Co. for 313.37 billion won ($263 million) on Friday. According to Lotte Corp., Lotte would take over 2,600 Ministop …
Microsoft to Acquire Activision Blizzard for Almost $70 billion
Microsoft announced it will acquire Activision-Blizzard for $68.7 billion. “Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the …
Take-Two Acquires Zynga for $12.7 Billion
Grand Theft Auto and NBA 2K Publisher Take-Two has bought Farmville maker Zynga for $12.7 billion. “We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest-growing …
Bruce Springsteen Sells Entire Music Catalogue to Sony for $500m
Double Grammy winner Bruce Springsteen has reportedly sold his masters and song publishing rights to Sony Music for $500 million (€442 million). According to several US publications, the transaction grants Sony ownership of his 20 studio albums, including masterpieces such …
Fox Acquires MarVista Entertainment
Fox Entertainment has purchased MarVista Entertainment and its library of over 2,500 hours of content. Fernando Szew, CEO and founding partner of MarVista, and his team will continue to lead the company and will focus on developing and producing content …