Latest Mergers and acquisitions News

Musk wars with Twitter over his buyout deal - on Twitter

May. 17, 2022 19:14 PM EDT

Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts for the $44 billion deal to move ahead. ...

Rebuffed by Spirit, JetBlue goes hostile in takeover bid

May. 16, 2022 16:56 PM EDT

JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines. JetBlue hopes that its move will push Spirit's board to the negotiating table after the board rejected an...

Carlyle Group to acquire ManTech in $4.2B all-cash deal

May. 16, 2022 09:16 AM EDT

NEW YORK (AP) — Washington, D.C.-based investment firm Carlyle Group is buying defense contractor ManTech in an all-cash deal valued at $4.2 billion, the companies announced Monday. Shareholders of Virginia-based ManTech will receive $96 per share in cash, a 32% premium on...

Convicted killer turned tech whiz confronts his sordid past

May. 16, 2022 03:06 AM EDT

REHOVOT, Israel (AP) — When he was 20 years old, Harel Hershtik planned and executed a murder, shooting his victim in the head and burying the body in a crime that a quarter of a century later is still widely remembered for its grisly details. Today, he is the brains behind an...

Musk puts Twitter buy 'on hold,' casting doubt on $44B deal

May. 13, 2022 18:52 PM EDT

DETROIT (AP) — Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he'll proceed with the $44 billion acquisition. Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake...

Elon Musk, an erratic visionary, revels in contradiction

May. 11, 2022 19:10 PM EDT

As the uproar over Elon Musk’s $44 billion buyout of Twitter reaches a crescendo, another Musk drama, still chaotic four years after it began, has been back in court. Ironically, that spectacle started with a Musk tweet about doing an audacious deal. Then, with Wall Street awaiting...

Pfizer to spend $11.6B on migraine treatment maker Biohaven

May. 10, 2022 12:49 PM EDT

Pfizer is starting to put its COVID-19 cash influx to use by spending $11.6 billion to venture deeper into a new treatment area. The New York vaccine and cancer drug maker said Tuesday it will use cash on hand to buy the remaining portion of migraine treatment developer Biohaven...

Caesars spinoff VICI closes on big Vegas Strip property deal

May. 07, 2022 15:39 PM EDT

LAS VEGAS (AP) — A big casino landlord closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip. Caesars Entertainment spinoff VICI Properties said April 29 that it completed its $17.2 billion buyout of...

Spirit CEO says JetBlue wants to stop Spirit-Frontier merger

May. 05, 2022 19:01 PM EDT

The CEO of Spirit Airlines suggested Thursday that JetBlue Airways is more interested in blocking a merger of Spirit and Frontier Airlines than it is in buying Spirit. Ted Christie provided more details on why Spirit's board rebuffed a $3.6 billion buyout offer from JetBlue in favor...

Deal for Black-majority town in Tennessee takeover case

May. 04, 2022 14:35 PM EDT

NASHVILLE, Tenn. (AP) — After alleging that Tennessee's top leaders were placing unfair scrutiny over a predominantly Black town's finances, the small town of Mason announced Wednesday it had reached a deal halting the threat of a state takeover of its finances. The agreement,...