Latest Mergers and acquisitions News

Fox 2000 chief joins Sony after being jettisoned by Disney

Jul. 15, 2019 3:34 PM EDT

NEW YORK (AP) — Elizabeth Gabler, whose Fox 2000 produced acclaimed literary adaptations like "Life of Pi" and "Hidden Figures" before being axed in the aftermath of the Walt Disney Co. acquisition, has found a new home at Sony Pictures. Sony on Monday announced a new production deal with the former Fox...

Deutsche Bank cuts mark end to failed bid for global scale

Jul. 8, 2019 3:02 PM EDT

BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by refocusing on...

Dubai's DP World acquires oil shipping firm Topaz for $1.1B

Jul. 1, 2019 8:44 AM EDT

DUBAI, United Arab Emirates (AP) — International port operator DP World has acquired a major oil and gas marine logistics provider for nearly $1.1 billion. Dubai-based DP World announced on Monday that it had acquired 100% of Topaz from the Oman-listed Renaissance Services, furthering the port operator's...

United Airlines to drop one of last vestiges of Continental

Jun. 27, 2019 5:03 PM EDT

CHICAGO (AP) — The Chicago-based parent company of United Airlines is changing its name and shedding a bit more of its Houston connections. The company said Thursday it will change from United Continental Holdings Inc. to United Airlines Holdings Inc. beginning Friday. The new name drops all reference to...

Chicago investment firm takes majority stake in Whataburger

Jun. 14, 2019 2:20 PM EDT

SAN ANTONIO (AP) — An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the summer...

Schlitterbahn, Cedar Fair enter $261M water park sale deal

Jun. 13, 2019 4:57 PM EDT

AUSTIN, Texas (AP) — A Texas-based water park company on Thursday announced an agreement to sell two of its attractions and will also give the buyer the right to acquire its Kansas site where a 10-year-old boy was killed nearly three years ago. Schlitterbahn said in a news release it sold a water park and...

Immortals adds OpTic parent in historic $100M esports deal

Jun. 12, 2019 10:17 PM EDT

Immortals Gaming Company has acquired Infinite Esports in what is believed to be the competitive video gaming industry's first $100 million deal. IGC announced the agreement Wednesday, expanding its stable of esports teams by purchasing the parent company for OpTic Gaming. OpTic's franchises include teams in the...

Walmart eliminates dedicated president role for Jet.com unit

Jun. 12, 2019 6:13 PM EDT

NEW YORK (AP) — Walmart is eliminating the position of president at its Jet.com subsidiary, which it acquired in 2016, as it further merges the rest of its team with its namesake online operations. As part of the changes, Jet.com's president, Simon Belsham will leave in August. Strategy and management of...

France's Dassault to acquire Medidata for $5.8 billion

Jun. 12, 2019 4:50 AM EDT

French software company Dassault Systems says it will buy U.S.-based Medidata Solutions for $5.8 billion in cash. Dassault said Wednesday that it was offering of $92.25 for each share of Medidata, slightly less than its $94.75 closing price on Tuesday. Medidata shares dipped about 4% in premarket trading. New...

Private equity firm buying Shutterfly for $1.74 billion

Jun. 10, 2019 8:06 PM EDT

SAN FRANCISCO (AP) — Private equity firm Apollo Global Management is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But demand for that...