Mergers and Acquisitions

Markets

Etsy buys Depop for $1.6B

Etsy Inc. said on Wednesday it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing.

Markets

Kansas City Southern expected to terminate Canadian Pacific deal

Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co. according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry.

Markets

How AT&T-Discovery deal affects consumers, rivals

The deal, which isn't slated to close until next year, will create a new publicly traded company that will enter a streaming arena that has been flooded in the past two years with new players including those owned by AT&T and Discovery, which operate HBO Max and Discovery+, respectively.