Story of the Week Macy’s to close 150 more stores in 3 years As part of a transformation plan unveiled Tuesday, Macy’s said it will shutter 150 underperforming locations over the next three years, with 50 closing this year alone. At the same time, Macy’s Inc. will open 15 Bloomingdale’s stores, at least 30 Bluemercury […]
Story of the Week Here’s why Capital One is buying Discover in the biggest proposed merger of 2024 Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street-speak — it’s a bid to protect itself against a rising tide of fintech and regulatory threats. […]
Story of the Week Walmart Eyeing Deal to Buy Vizio for More Than $2 Billion Retail giant Walmart is in talks to acquire Vizio, which sells a popular line of value-priced smart TVs that include an ad-supported free streaming service, in a deal worth more than $2 billion, the Wall Street Journal reported. The deal, […]
Story of the Week Disney Takes a $1.5 Billion Stake in Google Antitrust Foe Epic Games In 2017, Epic Games was among a handful of companies selected to participate in Walt Disney’s Accelerator incubator program, where the game company’s founder held ambitions of incorporating the entertainment giant’s well-known characters into his digital playground. Now, Disney […]
Story of the Week Amazon, iRobot call off $1.4 billion acquisition Amazon is no longer seeking to purchase the maker of the Roomba robotic vacuum. Amazon and iRobot have entered into a mutual agreement to terminate their acquisition agreement, originally signed in August 2022, under which Amazon would have acquired iRobot for $1.4 billion in […]