Yahoo Approves $1.1B Deal for Tumblr
Yahoo's rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by the company's board of directors, the Wall Street Journal reports.
mergers and acquisitions
Michael Dell's Takeover Plan Challenged Yet Again
Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take company private.
Some Verizon Investors Happy to Pay More for Vodafone Stake
Some shareholders of Verizon say they could be happy for the company to pay up to $130 billion for Vodafone's stake in their U.S. wireless venture.
Bayer to Buy Calif. Birth-Control Device Maker for $1B
Bayer has agreed to buy U.S. contraceptive devices maker Conceptus for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.
Maker of Bushmaster Rifle Eyed for Acquisition
Gun makers Smith & Wesson and Sturm Ruger have reportedly expressed interest in acquiring Freedom Group, which makes the Remington and Bushmaster brands.
Few Steps Remain in American Airlines, US Airways Merger
Following bankruptcy court approval, the merger of American Airlines and US Airways faces just a few more hurdles, including approval from the U.S. Justice Department.
Dow Has Worst Day This Year as Commodities Plunge
The stock market had its worst drop this year as prices for oil and other commodities fell sharply on concerns about slowing growth in China.
Dish Network Bids $25.5 Billion for Sprint Nextel
This could be a big merger Monday: Dish Network is bidding to acquire Sprint Nextel, and Thermo Fisher Scientific has agreed to buy Life Technologies.
LinkedIn to Buy E-Reader Company Pulse for $90M
Professional networking website LinkedIn is paying about $90 million to acquire Pulse, which makes an e-reader platform used on mobile devices
Burger King CEO Hees to Take Heinz Reins After Buyout
Burger King CEO Bernardo Hees will take the top job at Heinz following its acquisition by investment firm 3G Capital and Warren Buffett's Berkshire Hathaway Inc.
GE Seeks to Grow Energy Business with $3.1B Bid for Lufkin
GE plans to further expand its holdings in the energy industry by buying oilfield-services provider Lufkin Industries for about $2.98 billion.
ConAgra Reports Lower Profit on Acquisition Charges
ConAgra says its third-quarter profit fell shy of expectations on charges related to its acquisition of Ralcorp and lackluster growth in sales of its existing brands.
Germany's Merz Pharma Offers to Buy Obagi for $383.5M
German drugmaker Merz Pharma said Tuesday that it wants to buy dermatology products maker Obagi for about $383.5 million, topping a previous offer from Valeant.
Airlines' Merger in Holding Pattern as Judge Weighs Severance
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
Office Depot Agrees to Buy OfficeMax in Stock Deal
Office Depot said Wednesday it will buy OfficeMax in an all-stock deal that would transform office-supply retail sector. The companies said holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own. That's equal to about $13.50 per share.