deal Archive

Blackstone to take minority stake in NCR Corp -source

Photo credit: Bloomberg Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal [&hellip

Read More…

European banking bosses are getting paid a lot less than their American counterparts

Chief executives at European banks are getting a rough deal compared to their American counterparts, according to new research published in the Financial Times. The research, by PriceWaterhouseCooper and commissioned by the FT, shows that on average, chief executives in major American banks earn more than twice than those in charge of European banks. In [&hellip

Read More…

Activision Blizzard is buying Candy Crush maker King for $5.9 billion

Activision Blizzard is purchasing King Digital, the makers of popular game Candy Crush, for a total equity value of $5.9 billion. The deal is all cash. Activision Blizzard will $18 per share, which is nearly a $20% premium over King’s recent price. While the acquisition still has to be approved by King’s shareholders and cleared [&hellip

Read More…

Microsoft tried to buy this hot two-year-old startup — and got turned down

Microsoft tried to buy Mesosphere, a hot cloud computing startup, for as much as $150 million — but Mesosphere turned them down, reports The Information. Rumors of a Microsoft/Mesosphere deal first surfaced over the summer, when it came out that the tech giant was interested in Mesosphere’s technology for managing the growing market for running [&hellip

Read More…

Tentative budget deal reached between congressional leaders, White House

The White House and congressional leaders reached a tentative deal Monday on a two-year budget plan that also would raise the federal debt limit. If approved by Congress, the broad pact would allow House Speaker John Boehner (R., Ohio) to resolve two of the thorniest fiscal hurdles before he resigns later this week. If it [&hellip

Read More…

Dell in talks to buy data storage company EMC

Source photo Dell Inc, the world’s third largest personal computer maker, is in talks to buy data storage company EMC Corp, a person familiar with the matter said, in what could be one of the biggest technology deals ever. A deal could be an option for EMC, under pressure from activist investor Elliott Management Corp [&hellip

Read More…

Here are winners and losers from the Trans-Pacific Partnership deal

Source photo The historic trade deal struck by the U.S. and 11 other Pacific nations would benefit a number of U.S. industries, analysts and trade groups said Monday. But they say the deal won’t be a positive across the board. The U.S. and the 11 other countries including Japan reached agreement Monday on the Trans-Pacific [&hellip

Read More…

Deere strikes tentative new deal with UAW

Source photo Deere & Co. said it has reached a tentative agreement with the United Auto Workers Union on a six-year contract to replace a pact that expired Thursday. Deere DE, +0.52% the world’s largest seller of farm tractors and harvesting combines, didn’t release details of the agreement. The union is expected to schedule a [&hellip

Read More…

Chuck Schumer, Paul Ryan talk major tax and infrastructure deal

  Source photo New York Democrat Chuck Schumer is in talks with GOP Rep. Paul Ryan of Wisconsin to deliver a major infrastructure bill that has eluded Congress for a decade. Politico reports discussions between Sen. Schumer, Ryan and vulnerable Ohio Republican Sen. Rob Portman are over marrying international tax reform with transportation investment. They [&hellip

Read More…

Turkey’s Begendik to buy Tesco stores, looks at stock market listing

Turkish food retailer Begendik plans to buy 10 stores from rival Tesco Kipa this year, its CEO said on Friday, part of expansion plans that could lead to a tie-up with a foreign investor, potentially from Iran, and a stock market listing. Turkey has been hobbled by slowing economic growth, political uncertainty and a worsening [&hellip

Read More…