Latest Mergers and acquisitions News

A FedEx aircraft takes off past the tail of another parked on the tarmac of Miami International Airport, Monday, July 27, 2020, in Miami. FedEx plans to cut up to 6,300 jobs in Europe after its acquisition of TNT Express. FedEx said Tuesday, Jan. 19, 2021,  that the cuts will take place over 18 months and include express-delivery operations and back-office employees of TNT across the continent.  (AP Photo/Wilfredo Lee)

FedEx to cut up to 6,300 jobs in Europe over next 18 months

Jan. 19, 2021 4:43 PM EST

MEMPHIS, Tenn. (AP) — FedEx plans to cut up to 6,300 jobs in Europe as it completes the process of combining its own operation with that of a Dutch delivery company it bought in 2016. FedEx said in a statement Tuesday that the cuts will take place over 18 months and include express-delivery operations and...

In this photo provided by the New York Stock Exchange, NYSE Vice Chairman John Tuttle, left, Stellantis CEO Carlos Taveras, center, and Chariman John Elkann, right, virtually ring the NYSE opening bell, Tuesday, Jan. 19. 2021. Stellantis shares start trading in New York in the new auto giant created by the merger of Fiat Chrysler and PSA Peugeot. (Colin Ziemer/New York Stock Exchange via AP)

Stellantis CEO: New car company will protect jobs and brands

Jan. 19, 2021 12:13 PM EST

MILAN (AP) — The CEO of Stellantis, the carmaker created from the merger of PSA Peugeot and Fiat Chrysler, said Tuesday that the tie-up will help preserve jobs, factories and the 14 storied brands as billions in annual savings are achieved. Carlos Tavares told a virtual press conference just days after...

Lumentum buys Coherent in $5.7B push into lasers, photonics

Jan. 19, 2021 11:07 AM EST

Lumentum Holdings will spend $5.7 billion in cash and stock to buy Coherent and expand its reach into lasers and photonics. The San Jose, California, company said Tuesday that it would pay a 49% premium to the closing price of Coherent shares on Friday. The deal includes $100 in cash and slightly more than one...

FILE - In this Oct. 28, 2019 file photo, the logo for fItbit appears above a trading post on the floor of the New York Stock Exchange.  Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit. It's a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining its power. Thursday, Jan. 14, 2021 completion of the acquisition comes 14 months after Google announced a deal that immediately raised privacy alarms.   (AP Photo/Richard Drew, File)

Google muscles up with Fitbit deal amid antitrust concerns

Jan. 14, 2021 2:23 PM EST

SAN RAMON, Calif. (AP) — Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining its power. Thursday's completion of the acquisition comes...

FILE - This Aug. 10, 2018 file photo shows Shakira performing in concert at Madison Square Garden in New York. The Board of Hipgnosis Songs Fund Limited, a U.K.-based investment company, has acquired 100% of Grammy-winning superstar Shakira’s music publishing rights.
Hipgnosis made the announcement Wednesday. Shakira’s catalog includes 145 songs, including “Hips Don’t Lie,” “Whenever, Wherever,” “La Tortura,” “She Wolf” and “Waka Waka (This Time for Africa).”  (Photo by Greg Allen/Invision/AP, File)

Shakira sells music publishing rights to UK company

Jan. 13, 2021 11:56 AM EST

NEW YORK (AP) — The Board of Hipgnosis Songs Fund Limited, a U.K.-based investment company, has acquired 100% of Grammy-winning superstar Shakira’s music publishing rights. Hipgnosis made the announcement Wednesday. Shakira’s catalog includes 145 songs, including “Hips Don’t...

Australian treasurer won't say if he was stopping China sale

Jan. 13, 2021 12:41 AM EST

CANBERRA, Australia (AP) — Australia’s treasurer on Wednesday declined to comment on whether he had intended to block a Chinese state-owned company’s takeover of an Australian-based construction company in a development likely to increase strain on bilateral relations. China State...

FILE- In this April 23, 2018, file photo, the logo for Visa appears above a trading post on the floor of the New York Stock Exchange. Visa Inc. on Tuesday, Jan. 12, 2021 called off its planned $5.3 billion purchase of payment-processing technology company Plaid, citing the Justice Department's antitrust lawsuit filed last year to block the deal. (AP Photo/Richard Drew, File)

Visa, Plaid call off merger following antitrust pressure

Jan. 12, 2021 6:22 PM EST

CHARLOTTE, N.C. (AP) — Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, citing the Justice Department's antitrust lawsuit filed last year to block the deal. Plaid provides the infrastructure that allows consumers and businesses to make...

This photo provided by Ben & Jerry’s shows Ben & Jerry’s dog treats.  The venerable Vermont ice cream company said Thursday, Jan. 7, 2021, it’s introducing a line of frozen dog treats, its first foray into the lucrative pet food market. The treats, sold in 4-ounce cups, will arrive in U.S. groceries and pet stores later this month.
 (Ben & Jerry’s via AP)

Doggie desserts: Ben & Jerry's enters the pet food business

Jan. 11, 2021 8:22 AM EST

Think your dog deserves dessert? So does Ben & Jerry's. The venerable Vermont ice cream company said Monday it’s introducing a line of frozen dog treats, its first foray into the lucrative pet food market. Doggie Desserts, sold in 4-ounce cups, go on sale in U.S. groceries and pet stores later this...

FILE - This July 12, 2019 file photo shows the UnitedHealthcare headquarters in Minneapolis.  UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday, Jan. 6, 2021 that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among other offerings. (AP Photo/Jim Mone, File)

UnitedHealth to pay nearly $8B for technology company Change

Jan. 6, 2021 11:08 AM EST

UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among...

FILE - In this Wednesday, Feb. 26, 2020 file photo, CEO of PSA Groupe Carlos Tavares arrives for the presentation of the company's 2019 full year results in Rueil-Malmaison, west of Paris.  Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. The new company called Stellantis will be run by PSA CEO Carlos Tavares, who is known for cutting vehicles or ventures that don't make money.(AP Photo/Michel Euler, File)

Fiat Chrysler, Peugeot shareholders approve merger

Jan. 4, 2021 1:21 PM EST

MILAN (AP) — Shareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world’s fourth-largest auto company which, its architects hope, can more readily take on an enormous technological shift in the industry. Addressing separate meetings, PSA Peugeot CEO Carlos Tavares and...