Latest Mergers and acquisitions News

Los Angeles Dodgers President of Baseball Operations Andrew Friedman celebrate with the trophy after winning Game 7 of a baseball National League Championship Series against the Atlanta Braves Sunday, Oct. 18, 2020, in Arlington, Texas. (AP Photo/Tony Gutierrez)

Friedman's Series: Built Rays, then left to build Dodgers

Oct. 20, 2020 5:42 PM EDT

ARLINGTON, Texas (AP) — Andrew Friedman isn’t quite torn. The Dodgers’ president of baseball operations since October 2014, he helped build Los Angeles into a power that reached the World Series for the third time in four seasons. He had been Tampa Bay’s executive vice president of...

Buyer of Japan's Takata looks at possible seatbelt faults

Oct. 18, 2020 6:12 AM EDT

DETROIT (AP) — The company that took over Japan’s Takata Corp. following a scandal over faulty airbags is looking into whether the company failed to provide accurate test data on seatbelts supplied to automakers. Chinese-owned Joyson Safety Systems, in Auburn Hills, Michigan, said it was reviewing...

FILE - In this June 15, 2015, file photo, a Saudi man walks through the Tadawul stock exchange in Riyadh, Saudi Arabia. Saudi Arabia's National Commercial Bank said Sunday, Oct. 11, 2020, it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom's largest bank. (AP Photo/Hasan Jamali, File)

Saudi's National Commercial Bank buys Samba in $14.8B deal

Oct. 11, 2020 11:25 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia's National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom's largest bank. The bank will control some $223 billion in assets and a market capitalization...

A police car patrols in front of the New York Stock Exchange, Wednesday, Oct. 7, 2020.  Companies retreated from deal-making as the virus pandemic stunned the global economy, but the urge to shop is roaring back. Merger and acquisition deals hit $1 trillion during the third quarter, marking an 80% surge from a dismal second quarter.   (AP Photo/Mark Lennihan)

M&A roars back from pandemic slowdown

Oct. 8, 2020 10:10 AM EDT

Companies that retreated from corporate deal-making after the virus pandemic struck are now roaring back because of pent-up demand and a clearer view of how the disease is impacting their business. Chipmaker Nvidia's buyout of Arm Ltd. was the biggest merger and acquisition by a U.S. company during the third...

FILE - This file combination of 2019-2020 photos shows Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg. In a report issued Tuesday, Oct. 6, 2020, Democratic lawmakers called for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to sever their dominant platforms from their other lines of business and imposing new uniformity on the terms they offer users. (AP Photo/Pablo Martinez Monsivais, Evan Vucci, Jeff Chiu, Jens Meyer, File)

Democrats call for Congress to rein in, break up Big Tech

Oct. 6, 2020 8:12 PM EDT

WASHINGTON (AP) — Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to break up their businesses, while making it harder for them to acquire others and imposing new rules to safeguard competition. The proposals in a report issued Tuesday...

FILE - In this Tuesday July 17, 2007 filer, shoppers enter the Asda supermarket in Wallington, England. Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds ($8.8 billion). Brothers Mohsin and Zuber Issa, along with investors TDR Capital will acquire a majority of Asda, while Walmart will retain a minority stake and a seat of the board, the parties said in a joint statement issued Friday. Details of the deal weren’t released. (AP Photo/Tom Hevezi, File)

Walmart to sell UK chain Asda in $8.8 billion deal

Oct. 2, 2020 9:42 AM EDT

LONDON (AP) — Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds ($8.8 billion). Brothers Mohsin and Zuber Issa, along with investors TDR...

Court upholds decision to prevent Wyoming coal merger

Sep. 30, 2020 3:23 PM EDT

GILLETTE, Wyo. (AP) — A federal court said it would uphold a Federal Trade Commission decision to block a proposed merger between two leading Wyoming coal companies. The FTC had said a merger between Peabody Energy Corp. and Arch Resources Inc. would have created a monopoly that could have resulted in...

FILE - In this Nov. 25, 2019 file photo, the logo of Tiffany & Co. is pictured on the Champs Elysees avenue in Paris. Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit Monday, Sept. 28, 2020, against Tiffany over their ruined merger deal, noting conditions necessary to close the $14.5 billion acquisition of the jewelry chain have not been met. (AP Photo/Michel Euler, File)

LVMH files countersuit against Tiffany over $16.2 B deal

Sep. 29, 2020 5:09 PM EDT

NEW YORK (AP) — Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit against Tiffany over their ruined merger deal, noting conditions necessary to close the $16.2 billion acquisition of the jewelry chain have not been met. It also noted in a statement that the...

The Logo of the steel company ArcelorMittal is pictured in Saint Denis, outside Paris, France, Wednesday, Sept. 13, 2017. Cleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock. About a third of the deal will be an up front cash payment of about $505 million, the companies said Monday, Sept. 28, 2020. ArcelorMittal will also receive stock in Cleveland-Cliffs valued at about $873 million. (AP Photo/Michel Euler)

Cleveland-Cliffs buys ArcelorMittal's US business for $1.4b

Sep. 28, 2020 2:06 PM EDT

CLEVELAND (AP) — Cleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock. About a third of the deal will be an up front cash payment of about $505 million, the companies said...

Czechs to acquire Israeli air defense system in $400M deal

Sep. 25, 2020 6:34 AM EDT

PRAGUE (AP) — The Czech Republic wants to buy a new air defense system for its military from the Israeli government, the defense ministry said on Friday. The Czechs want to acquire the SPYDER system, which is made by the Israeli state-run company Rafael Advanced Defense Systems Ltd. and is capable of...