Twitter Inc. said it is cleaving 30% of its talent-acquisition team, or less than 100 people, as executives seek to cut costs while waiting for an acquisition by Elon Musk Read more
Tag: Acquisitions/Mergers
Merck in talks to buy cancer biotech Seagen for about $40 billion
Merck & Co. MRK XE:MRK is in advanced talks to acquire Seagen Inc. SGEN and is aiming to finalize a purchase of the cancer biotech in the next few weeks, according to people Read more
Amazon adding Grubhub to its suite of Prime services in the U.S.
Amazon.com Inc. agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the Read more
Kohl’s failed takeover was just one of a wave of abandoned deals amid market volatility
Kohl’s Corp. announced Friday that takeover talks with Vitamin Shoppe parent Franchise Group Inc. have ended, adding to a wave of ditched business deals amid unfavorable market conditions. Kohl’s KSS, Read more
Elon Musk hasn’t tweeted anything in 9 days. What’s going on?
Elon Musk is on his longest stretch without posting on Twitter in nearly five years, a nine-day hiatus that comes in the midst of tumultuous efforts to complete his planned $44 Read more
DOJ Files Lawsuit to Block Booz Allen Hamilton Acquisition of EverWatch
By Kathryn Hardison The Department of Justice filed a civil antitrust lawsuit on Wednesday to block Booz Allen Hamilton Holding Corp.’s proposed acquisition of EverWatch Corp. The department alleges that Read more
Spirit Air board pushes shareholders meeting on Frontier, JetBlue bids to July 8
Spirit Airlines Inc. SAVE, -1.80% on Wednesday said it plans to open and immediately adjourn a special meeting of stockholders on Thursday which had been called to allow investors to Read more