MergersAndAcquisitions

The Company That Could've Been Facebook Goes Back to School

Classmates.com had a decade-long head start in the social networking biz before Facebook came along, but with its pay-to-connect model, it blew its chance to dominate. Now, like a teen buying a term paper, it's buying SchoolFeed, an app that connects you to former classmates ... on Facebook.

BofA Accused of Hiding Merrill Lynch Bad News Before Buyout

Top executives at Bank of America did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch that its losses were mounting, papers filed in shareholder litigation show. But the bank says it should not be liable to shareholders in the matter.

Why Research In Motion Will Never Be Great Again

The company behind the iconic BlackBerry smartphone is undergoing a "strategic review" that may lead to a sale of the company. But will anyone buy Research In Motion when nobody is buying BlackBerrys?

What Mark Zuckerberg Can Learn From Ben and Jerry

Facebook's first few days as a public company have been a rocky road. Moving ahead, Mark Zuckerberg would do well to recall the lesson of two other iconoclastic company founders: Ben Cohen and Jerry Greenfield. The tale of Ben & Jerry bears a bracing similarity to his own.

The Rich Get Richer in Social Gaming: Zynga Buys OMGPOP

If you haven't started playing mobile gaming app Draw Something yet, you've probably seen it. The Pictionary clone has gone massively viral worldwide, which made its owner, OMGPOP, a minor thorn in the side of social gaming leader Zynga.

9 Big Companies That Will Disappear in 2012

As surprising as it may seem to many of us when large corporations with familiar brands vanish suddenly from the scene, it happens. Major companies like Saab, Borders, and Countrywide -- just to same a recent few -- are now history. Who's next? Read on ...

Olympus Sues Former Execs Over Billion-Dollar Fraud

Japanese optics giant Olympus is suing several former executives and its current president, seeking millions of dollars in damages after revelations about a decade-plus scheme that hid $1.7 billion in securities losses from investors.

Why BlackBerry Maker RIM Will Never Be Great Again

It has been a horrible year for Research In Motion, and things may not be getting any better for the BlackBerry maker come 2012. Despite all of the buyout speculation, RIM's stock has been a disaster. In fact, it's a foregone conclusion that RIM is toast.

RIM Rumor or Reality: Is a BlackBerry Buyout Coming?

Major tech companies including Amazon, Microsoft and Nokia have been eyeing BlackBerry maker Research In Motion, according to recent reports. True, we shouldn't jump to any conclusions based on the words of "unnamed sources." But all of the attention RIM's getting does make sense.

AT&T Agrees to Drop Bid for T-Mobile

AT&T said Monday that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cellphone giant said that the actions of the government to block the deal do not change the challenges of the wireless phone industry, which it says requires more airwaves, known as spectrum, to expand. The deal would have solved that problem for a time, and without it, "customers will be harmed and needed investment will be stifled," AT&T said in a statement.

One Sign That the Housing Market Has Hit Bottom

It has been a rough few years for homeowners, and an even worse time for real estate developers. But in a small encouraging sign, luxury homebuilder Toll Brothers is acquiring Seattle-based CamWest Development.

What If Yahoo! Wants to Be Alone?

Everyone seems anxious to hook up Yahoo! these days. The dot-com pioneer has become that single aunt in every family whom everyone thinks sorely needs a soul mate. But what if Yahoo! is happy to be single? After all, it just spent $270 million on a acquisition of its own to beef up its online advertising.

Zagat and Google: A Match Made in Foodie Heaven?

On Thursday morning, the announcement went out across the land: Google, the undisputed masters of search, had acquired Zagat, America's best-known and most highly-regarded restaurant review company. The companies presented the merger in rosy terms, but it didn't take long for the snarky critiques to begin.

4 Big Firms, 4 Big Surprises: JTH, HP, Starz and ATT

The parent company of Liberty Tax picked an awful time to announce its IPO, a day after rival H&R Block announced weak quarterly returns. But JTH Holdings' taxing dilemma wasn't last week's only head-scratching news. Here are some of the week's other biggest surprises, blunders, and just flat out boneheaded maneuvers.

MySpace Markdown: Social Site on Sale for 94% Off

Back in July 2005, the deal seemed so promising. Rupert Murdoch's News Corp bought MySpace parent Intermix Media for $580 million. The social media pioneer was, by some measures, the fifth most-visited website in the U.S. This week, MySpace may be sold for as little as $30 million.

Coty to Purchase Philosophy for $1 Billion

Perfume maker Coty Inc agreed to buy Philosophy Inc., a maker of personal care products, for about $1 billion. Philosophy is currently owned by private equity company Carlyle Group, Reuters said.

Getting a Bit Too Hot for California Pizza Kitchen?

On Monday, the company said it's "exploring its financial and strategic alternatives." That means it's seeking to restructure its capital or find a buyer/investor. That sent its shares up sharply. But investors may be getting ahead of themselves.