The Federal Trade Commission (FTC) is continuing to oppose the Microsoft-Activision merger with a last-minute appeal against a judge’s ruling, while the big tech companies were voicing their eagerness for the merger they say will not harm competition. The FTC on Thursday night asked (pdf) the San Francisco-based 9th U.S. Circuit Court of Appeals, which…
North American Energy Group $18.7 Billion Bid for Australia’s Origin Energy
Australia’s largest energy retailer Origin Energy is one step closer to getting its multi-billion dollar acquisition deal through. On March 27, Origin announced it had entered into a scheme implementation deed with a consortium led by Canada’s Brookfield and its U.S. partner EIG to buy all of the company’s listed capital. This is a breakthrough…
Amazon Closes $3.9 Billion Buyout of Health Company One Medical
NEW YORK—Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical. The e-commerce giant has said the buyout, which was announced in July, is a key component of its growing health care business, which includes its online drugstore Amazon Pharmacy and a patient to doctor messaging service called…
Estee Lauder to Buy Tom Ford in a Deal Valued at $2.8 Billion
The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion, marking the beauty firm’s biggest acquisition yet. As part of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively. While Estee Lauder said…
Will Fed Rate Hikes Make Elon Musk’s Twitter Acquisition More Expensive?
Monetary policy has changed since Elon Musk made his offer to purchase Twitter Inc. on April 14, and it’s going to cost the billionaire more to complete the acquisition now than it would have if the purchase was completed in April or May. The Economic Backdrop The Federal Reserve has increased interest rates five times…
Zendesk Shareholders Vote in Favor of $10.2 Billion Go-Private Deal
Zendesk Inc. shareholders have approved a $10.2 billion planned acquisition of the software maker by a group of private equity firms led by Hellman & Friedman and Permira, the company said on Monday. The company in June agreed to be taken private in a deal that would be see investors receive $77.50 per share in…
Siemens to Buy US Software Company Brightly in $1.58 Billion Deal
ZURICH—Siemens is buying U.S. tech company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group said on Monday, its latest move to broaden its software credentials and grow faster than rivals. Siemens Smart Infrastructure, which offers digital systems to manage buildings’ security and energy consumption, is buying Brightly to…
3 Reasons Why This AMD Analyst Is Optimistic on Chipmaker’s Pensando Deal
Advanced Micro Devices, Inc. announced Monday an agreement to buy distributed services platform company Pensando for $1.9 billion. The AMD Analyst KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating and $165 price target for AMD shares. The AMD Thesis KeyBanc is constructive on the Pensando deal, analyst Vinh said in a note. Pensando…
Warren Buffett Ends Drought With Berkshire’s $11.6 Billion Alleghany Purchase
NEW YORK—Warren Buffett’s Berkshire Hathaway Inc. on Monday struck an agreement to buy insurance company Alleghany Corp. for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities. Alleghany, the owner of reinsurer Transatlantic Holdings Inc., would expand Berkshire’s large portfolio of insurers, which includes auto insurer Geico, reinsurer General…
Francisco Partners to Buy IBM’s Healthcare Data and Analytics Assets for Undisclosed Sum
Francisco Partners agreed to acquire healthcare data and analytics assets from International Business Machines Corp. that are currently part of the Watson Health business. The financial terms of the transaction remain undisclosed. Francisco Partners is a global investment firm specializing in partnering with technology businesses. The assets acquired by Francisco Partners include extensive and diverse data sets and…
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