Latest Mergers and acquisitions News

Man sold his company for $1.4B, now he's starting over again

Nov. 17, 2018 3:06 AM EST

MIAMI (AP) — If it has happened to Miami, it has happened to Manny Medina. The resumé of one of the city's most storied entrepreneurs reads like a history of the city's last 40 years: boom, bust and reemergence. Immigrant. Accountant. Real estate tycoon. Failure. Billion-dollar success. Tech...

First African-American top network executive exiting ABC

Nov. 16, 2018 8:09 PM EST

LOS ANGELES (AP) — ABC Entertainment President Channing Dungey, who created a deep bench of ethnic diversity in the network's shows and fired Roseanne Barr for a racist tweet, will be stepping down. Her decision announced Friday comes amid ABC corporate parent Walt Disney Co.'s pending acquisition of 21st...

Mississippi bank buys banks in Texas, Alabama for about $90M

Nov. 14, 2018 12:08 PM EST

TUPELO, Miss. (AP) — A Mississippi bank is buying banks in Texas and Alabama. BancorpSouth Bank announced Tuesday that it's buying Grand Bank of Texas and Merchants Bank of Alabama. The Tupelo bank will pay $51.75 million in stock and cash to purchase Casey Bancorp of Dallas, owner of Grand Bank. The Texas...

South Dakota ethanol plant investors to vote on merger

Nov. 13, 2018 3:22 PM EST

GROTON, S.D. (AP) — Investors of an ethanol plant in South Dakota will soon decide whether to merge with the plant's parent company, POET Biorefining LLC. The POET ethanol plant near Groton is among seven POET plants that haven't had investors vote on merging operations, Aberdeen American News reported....

Binny Bansal out as CEO of Flipkart Group

Nov. 13, 2018 7:56 AM EST

NEW YORK (AP) — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest single...

MTV acquires SnowGlobe Music Festival

Nov. 12, 2018 10:24 AM EST

NEW YORK (AP) — MTV is expanding its live events business in the U.S. by acquiring the SnowGlobe Music Festival. The three-day New Year's Eve festival takes place in South Lake Tahoe, California. This year's lineup includes Above & Beyond, Diplo, Eric Prydz, Rezz and RL Grime headlining among more than...

Correction: Ford-Scooters story

Nov. 9, 2018 4:35 PM EST

NEW YORK (AP) — In a story Nov. 8 about Ford buying electric scooter company Spin, The Associated Press reported erroneously the owner of Ford Go Bike. Motivate owns the bike share system, not Ford, which is a lead sponsor. A corrected version of the story is below: Ford buys electric scooter sharing...

Germany's 2 department store chains get clearance to merge

Nov. 9, 2018 5:12 AM EST

BERLIN (AP) — Germany's antitrust authority has cleared the planned merger of the country's two main department store chains, ruling that it doesn't threaten competition at a time when online retail is rising. The Federal Cartel Office said Friday that the two companies exceed a combined 25 percent of...

CommScope, getting ready for 5G, spends $5.7B for Arris

Nov. 8, 2018 9:43 AM EST

NEW YORK (AP) — Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance of faster 5G service to the wireless market. Arris makes modems and boxes for the wireless industry, including cable operators. Equipment makers and telecommunications...

Australian watchdog approves Nine network, Fairfax merger

Nov. 7, 2018 8:42 PM EST

CANBERRA, Australia (AP) — Australia's competition watchdog on Thursday approved the proposed merger of television network Nine Entertainment and newspaper publisher Fairfax Media into a media giant to be known only as Nine. Australian Competition and Consumer Commission chair Rod Sims said the merger,...