A to B: Uber is mulling its options for Freight, its lesser-known division
Uber is reportedly considering spinning off its freight division, either through a sale or as a separate public company. Delivering revenue The freight business was started in 2017 as part of the “U...
Yo-Yo: Weight Watchers is shedding subscribers
WW International, the brand more commonly known as Weight Watchers, announced this week that it's set to acquire subscription service Sequence for $106m. The startup helps subscribers organize telehea...
Up in smoke: America's changing smoking habits
Up in smoke? Tobacco giant Altria, the maker of storied brand Marlboro, has made another foray into the world of e-cigarettes with a $2.75bn deal to acquire NJOY. That comes just days after Altria an...
Pfizer: The pharma giant is putting its Covid cash to work
Pfizer’s dealmaking continues to accelerate, as the company is reportedly in talks to acquire Seagen, a biotech company with a number of promising cancer treatments, in a deal that could be worth more...
Pharmacy footprint: CVS is eyeing another deal
Health and wealth CVS Health Corp. has agreed to buy Oak Street Health, a network of 169 primary-care medical centers across the nation, in a deal reportedly worth $10.6bn. It’s the latest move that...
Gold diggers: American mining giant Newmont is looking to strike a deal
Mine Newmont, the world’s largest gold producer, has made an all-share offer of $16.9bn for its Australian rival Newcrest. If successful, the deal would be the largest mining takeover ever and the t...
The JPMorgan Machine: America's largest bank handles whatever is thrown at it
Bank robbery JPMorganChase’s 2021 acquisition of Frank, a student finance planning platform, seemed like a great deal at the time, until it recently found out that nearly 4 million of the site’s 5 m...
Sub Counts: Subway is shopping itself around
Sandwich artists Sandwich specialist Subway is exploring a sale, eyeing a deal that the Wall Street Journal reports could value the chain north of $10bn. The news comes at a time when Subway’s busine...
Grill power: Weber needs a boost from its $3.7bn buyout
Closing the lid Weber, the grill-maker beloved by barbecue enthusiasts around the world, is being taken private by BDT Capital in a buyout deal worth ~$3.7bn , capping off a brief 16-month spell as a...
Activision: Why Microsoft wants to splurge ~$70bn on the gaming company
**Competition crush?** Microsoft’s chances of completing its ~$69bn deal to acquire Activision Blizzard look increasingly like a coin flip, as US regulators seek to block the deal due to concerns ov...
Buffett's buying: Berkshire Hathaway is investing again
Berkshire buyin' On Monday, iconic investor Warren Buffett announced that his firm Berkshire Hathaway had purchased a $4.1bn stake in Taiwanese chipmaker TSMC during the last few months. Known to hav...
Shockwaves: The crypto world is reeling from the fire sale of exchange FTX
The crypto world was shaken yesterday as Binance’s CEO, known as “CZ”, announced the acquisition of their competitor, and the third-largest crypto-exchange, FTX. This was not a long, or particularly f...
Book stores: The humble book store is fighting on
Reading between the lines This week a US federal judge blocked the $2.2bn planned merger between publisher giants Penguin Random House and Simon & Schuster. If combined, the two publishers would cont...
Buzzy drinks: The Campari Group keep finding hits
Another drink? The Campari Group’s spirit shelf is growing ever-wider after the Italian alcohol giant announced plans to take a 70% stake in Wilderness Trail Distillery, a Kentucky-based whiskey comp...
Murdoch: The media mogul is considering a merger in his empire
Empire rebuilding 91-year-old media mogul Rupert Murdoch is eyeing a reunion of his major assets, exploring the remerging of Fox Corp. and News Corp. almost a decade after splitting them up back in ...
Krogersons: The grocery merger that could rival Walmart
Groceries of scale Kroger, one of America’s largest grocery stores, is embodying their ideal customer as they go on a spending spree, with a $24.6bn offer to buy rival Albertsons , the parent compan...
Recommerce: Thrift-seekers are moving online
Poshmark picked up It's been a big week in recommerce. Poshmark, the secondhand online superstore where sellers are encouraged to ‘cash in on their closet’, is set to be acquired by South Korean inte...
Young soles: Crocs are crushing it with Gen Z
Foam party Crocs are still in growth mode. The company, known for its foam footwear, capitalized on its recent success earlier this year, acquiring shoe brand Hey Dude for some $2.5bn. Under the Croc...
Photoshopping: Digital design giant Adobe is paying up to buy a rival
Photoshopping Yesterday software design giant Adobe announced a $20bn deal to buy Figma, its browser-based rival that was only founded in 2012.The idea for Figma came to a 19-year-old Dylan Field, wh...
To the Twitter end: Musk and Twitter are gearing up for a lengthy legal battle
Elon Musk is attempting to terminate his $44bn takeover of Twitter. It's a move that probably won't have shocked anyone — Musk is once again citing Twitter's inability to provide him with details that...