Investors are excited about rumors that Diageo might sell Guinness
Diageo's share price rose more than 5% on Friday morning after Bloomberg reported that the British booze company was reviewing its portfolio and considering a spin-off or sale of its crown jewel: Guin...
Morgan Stanley analysts say TikTok a “strategic fit” with Amazon
It’s official, the TikTok divest-or-dark law is legal , and analysts at Morgan Stanley think they know the perfect buyer: . Analyst Brian Nowak wrote: “We believe the combination of AMZN’s strong ad t...
Chip stocks surge across the board on acquisition reports, activist stakes, and analyst commentary
Chip stocks are powering higher in early trading. Most stocks in the industry jumped along with — though not as much — on the heels of a report that the struggling US chipmaker might be acquired . is...
Intel is ramping on speculation of an acquisition attempt
Shares of are spiking as much as 8% higher this morning following a report that the company will be the target of a takeover bid.
Merger bait surges as stocks and CEO confidence rise
There’s a lot for stock-market bulls to like in today’s markets, with everything from Big Tech to small caps posting solid gains. But one of areas of thematic strength, at least looking at Goldman Sac...
Cleveland-Cliffs CEO vows vengeance on Nippon Steel’s leader as he brazenly vies to buy US Steel
Cleveland-Cliffs is poised to make another attempt at purchasing after US President Joe Biden kiboshed the acquisition of the Pittsburgh-based miner by Japan’s Nippon Steel. Lourenco Goncalves, CEO o...
Johnson & Johnson swallows another drugmaker in $14.6 billion deal
Johnson & Johnson announced Monday that it would acquire drugmaker Intra-Cellular Therapies for $14.6 billion, marking its latest bid for growth via swallowing a smaller company. makes Caplyta, a drug...
Disney, Fox, and Warner Bros. Discovery pull the plug on joint sports-streaming service
, , and have scrapped plans to create a new joint sports-streaming service. The deal, announced last February, would’ve brought channels like ESPN, ABC, Fox, TNT, and TBS, along with live matches, al...
Mall mania continues: Owner of Aéropostale and Forever 21 merges with JCPenney
Investors have been pumping their cash into mall companies lately, as some retailers come back into fashion and investors tap into their nostalgia . That was on display again Wednesday, as JCPenney an...
Big daily movers: Getty’s merger, Moderna’s shot, and Serve Robotics' sale
stock spiked nearly 25% after news that it agreed to merge with rival to create an image-licensing behemoth worth $3.7B. The photo stars said Getty shareholders would own nearly 55% of the merged com...
US Steel slumps after Biden blocks takeover attempt by Japan’s Nippon
Nippon Steel’s acquisition of US Steel has been blocked by US President Joe Biden. In his decision, Biden said that will remain “American-owned, American-operated, by American union steelworkers.” Sh...
Xerox to buy Lexmark in deal that reminds you both of those companies still exist
said it would buy privately held Lexmark International from Chinese owners in a deal that values the company at $1.5 billion including debt. Not a great look for those Chinese owners, who took Lexmark...
Nissan and Honda are looking to merge to take on Tesla and China
Japanese automakers and are in talks to merge in order to better compete with electric-vehicle makers like and China’s , Nikkei reported Tuesday.
Albertsons: Kroger “willfully squandered every opportunity” for the merger to work
Albertsons’ lawsuit against Kroger accusing it of bombing their $24.6 billion merger reads a lot like a gossip column detailing a bitter divorce. In a lawsuit filed last week and unsealed Monday, sai...
OpenAI: Elon literally wanted us to be for-profit!
“You can’t sue your way to AGI.” That is the pointed message from OpenAI to cofounder Elon Musk that appears in a lengthy blog post today on the company’s website, the second such post to publicly pus...
Albertsons wants Kroger to pay it “billions” for fumbling their merger deal
Albertsons filed a lawsuit against Kroger less than 24 hours after a federal judge scrapped their merger plan , accusing it of not doing enough to make sure the $24.6 billion deal went through. In a d...
Mondelez has a serious sweet spot for Hershey’s recession-resistant chocolate business
Mondelez, the owner of Cadbury, Oreo, Chips Ahoy, and more, is getting sweet on the 130-year-old Hershey Co., as the food giant is exploring an acquisition of the ever-profitable chocolate maker, per ...
US judge blocks Kroger and Albertsons $25 billion megamerger
$25 billion acquisition of rival has officially been blocked, nearly two years after the grocery-store chains announced their megamerger. The grocers had agreed to sell a combined 579 stores to C&S, ...
Sam Altman denies OpenAI’s Microsoft deal is falling apart, teases product launches
OpenAI CEO Sam Altman was interviewed today by Andrew Ross Sorkin at The New York Times’ DealBook Summit, and he said a few interesting things about his company’s relationship with partner Microsoft, ...
Musk wants the court to slow OpenAI’s roll
Another bit of Elon news: on Friday, he filed a preliminary injunction against OpenAI in federal court to stop the $157 billion startup from converting into a fully for-profit business. For context, M...