Latest Mergers and acquisitions News

FILE - In this April 5, 2020, file photo, Navy Rear Adm. John Polowczyk, supply chain task force lead at the Federal Emergency Management Agency, speaks during a coronavirus task force briefing at the White House in Washington. U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. Polowczyk, who was appointed to run a White House supply chain task force in response to the outbreak, told reporters last week that the government is expanding the emergency stockpile of critical supplies and medicines managed by the Department of Health and Human Services. (AP Photo/Patrick Semansky, File)

US seeking industry cooperation on future medical supplies

May. 21, 2020 4:17 PM EDT

WASHINGTON (AP) — U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. The government began formal discussions Thursday with private industry representatives...

FILE - In this Nov. 6, 2019, file photo, a restaurant advertises Uber Eats in the Coconut Grove neighborhood in Miami. The Wall Street Journal reports that Uber is considering acquiring Grubhub in a deal that would give the companies control over a majority of the U.S. food delivery business. Citing anonymous sources, the newspaper says Uber approached Grubhub earlier this year with an all-stock takeover offer. (AP Photo/Lynne Sladky, File)

Uber considers buying Grubhub, according to newspaper report

May. 12, 2020 7:42 PM EDT

NEW YORK (AP) — Uber is considering acquiring Grubhub in a deal that would give the companies control over a majority of the U.S. food delivery business, according to published reports. Ride-sharing and food delivery giant Uber Technologies Inc. approached Grubhub Inc. earlier this year with an all-stock...

Workers wearing protective outfits sanitize a shop in via Monte Napoleone fashion shopping street, in Milan, Italy, Monday, April 27, 2020.  Italian factories, construction sites and wholesale supply businesses can resume activity as soon as they put safety measures into place aimed at containing contagion with COVID-19. This concession comes with partial easing of national lockdown restrictions announced Sunday night by Italian Premier Giuseppe Conte. (Claudio Furlan/LaPresse via AP)

Global luxury goods sales to slide up to 35% - study

May. 7, 2020 9:14 AM EDT

SOAVE, Italy (AP) — The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday. Bain Partner Claudia D’ Arpizio said it would take two to three years to return to 2019...

TV broadcaster Sinclair fined $48 million over Tribune deal

May. 6, 2020 6:24 PM EDT

The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media. Sinclair in 2017 proposed a $3.9 billion deal for Tribune’s TV stations, attempting to extend its reach into new...

FILE - In this Sunday, April 23, 2017, file photo, visitors arrive at the fairgrounds to attend the High Times Cannabis Cup in San Bernardino, Calif.  The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Corp. said Tuesday, April 28, 2020 is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers and sellers of cannabis in the U.S.  (AP Photo/Richard Vogel, File)

High Times owner scores 13 California marijuana dispensaries

Apr. 28, 2020 10:24 AM EDT

LOS ANGELES (AP) — The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Corp. said Tuesday is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers...

Lack of sports doesn't stop DraftKings from going public

Apr. 23, 2020 8:18 PM EDT

BOSTON (AP) — Sports daily fantasy and betting website DraftKings will debut as a publicly traded company Friday against a backdrop of a near-complete shutdown of athletic competition across the globe due to the coronavirus pandemic. DraftKings' move to Wall Street was sealed Thursday after shareholders of...

LOT owner drops takeover of German carrier Condor

Apr. 13, 2020 3:07 PM EDT

FRANKFURT, Germany (AP) — The parent company of Polish airline LOT is pulling out of its takeover bid of for German vacation carrier Condor, a subsidiary of collapsed tour operator Thomas Cook, Condor said Monday. The collapse of the deal leaves Condor, which has been profitable, and its 4,900 workers...

Judge rejects government's bid to block airline-data merger

Apr. 8, 2020 12:45 PM EDT

WASHINGTON (AP) — A federal judge has rejected a government attempt to block Sabre Corp. from buying Farelogix Inc. in a $360 million deal combining two companies that provide information about airline tickets to travel agents. U.S. District Court Judge Leonard Stark in Delaware said in a ruling late...

FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York.  Mobile carrier T-Mobile has completed its takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The deal was announced two years ago and has taken a long time to close because of pushback from state and federal regulators.(AP Photo/Bebeto Matthews, File)

Sprint and T-Mobile merge, creating new wireless giant

Apr. 1, 2020 4:21 PM EDT

NEW YORK (AP) — Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The companies announced the deal, valued at $31.6 billion based on T-Mobile's closing stock price Tuesday, two years ago. It has taken a long...