Latest Mergers and acquisitions News

Former Kentucky governor and businessman John Y. Brown dies

Nov. 22, 2022 16:33 PM EST

LOUISVILLE, Ky. (AP) — John Y. Brown Jr., who became Kentucky’s governor after building empires in business and sports, has died. He was 88. Brown's family said in a release Tuesday that “every day was an exciting adventure” for the former Democratic governor, who served from...

Proposed merger of two publishing giants is officially over

Nov. 21, 2022 19:56 PM EST

NEW YORK (AP) — Simon & Schuster's corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed sale a federal judge already had blocked last month. Paramount Global also announced Monday that it still plans to sell Simon...

Estee Lauder to buy Tom Ford in a deal valued at $2.8B

Nov. 15, 2022 18:35 PM EST

The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion, marking the beauty firm’s biggest acquisition yet. As part of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom...

Musk seeks to reassure advertisers on Twitter after chaos

Nov. 09, 2022 19:47 PM EST

Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says will be a better, safer user experience. ...

Louisiana-based Bollinger acquires Mississippi yards

Nov. 07, 2022 19:15 PM EST

LOCKPORT, La. (AP) — Louisiana-based Bollinger Shipyards, a major defense contractor, has agreed to purchase four Mississippi shipyards from subsidiaries of Singapore-based Singapore Technologies Engineering Ltd., the companies announced Monday. The $15 million purchase of VT...

Walgreens push into comprehensive care picks up momentum

Nov. 07, 2022 12:23 PM EST

Walgreens extended its push into more comprehensive health care with its VillageMD unit acquiring another urgent and primary care chain, Summit Health-CityMD, in a deal worth close to $9 billion. Walgreens and rival CVS, two retail chains with thousands of locations, have evolved in...

Cesspool or civility? Elon Musk's Twitter at a crossroads

Nov. 06, 2022 15:49 PM EST

The discourse was never all that civil on Twitter. The loudest voices have often drowned out softer, more nuanced takes. After all, it's much easier to rage-tweet at a perceived enemy than to seek common ground, whether the argument is about transgender kids or baseball. In the...

State attorneys general sue to block Albertsons' $4B payout

Nov. 02, 2022 17:46 PM EDT

The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. The lawsuit, filed Wednesday in U.S. District Court in Washington, D.C., asks the court...

Victoria's Secret to buy online startup Adore Me for $400M

Nov. 01, 2022 11:44 AM EDT

NEW YORK (AP) — Victoria’s Secret & Co. said Tuesday it has signed a definitive agreement to acquire Adore Me Inc., a lingerie startup known for its wide array of sizes, for $400 million in cash. The move comes as Victoria's Secret aims to become more inclusive and diversify...

Judge blocks Penguin Random House-Simon & Schuster merger

Oct. 31, 2022 22:06 PM EDT

NEW YORK (AP) — A federal judge has blocked Penguin Random House's proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.” The ruling was a victory for...