Latest Mergers and acquisitions News
BuzzFeed cuts 12% of staff citing worsening econ conditions
NEW YORK (AP) — Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions. The New York company, which made the announcement in a regulatory filing on Tuesday, did not disclose how many workers it was letting go. According to the data...
India's Tata Sons to merge Air India with Vistara airlines
NEW DELHI (AP) — India's oldest and largest conglomerate, Tata Sons, will merge its Air India with Vistara, which it jointly runs with Singapore Airlines, in a major step toward revamping the country’s debt-laden national carrier. The merger will strengthen Singapore Airlines'...
US lawmakers skeptical grocery merger will mean lower prices
U.S. senators from both parties expressed skepticism Tuesday that a proposed merger between grocery giants Kroger and Albertsons would result in lower prices for consumers. “Fewer local options mean less competition to keep prices low,” said Sen. Alex Padilla, a California...
Former Kentucky governor and businessman John Y. Brown dies
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
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
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
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. ...
