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 […]
Story of the Week Macy’s could get takeover bid from buyout firm Sycamore Partners during sagging sales, job cuts Private-equity giant Sycamore Partners is exploring a possible bid to buy Macy’s – even as the iconic retail chain this week rejected an unsolicited offer from another bidding group, The Post has learned. Sycamore — a […]