Campbell Soup buys Rao's sauce maker for $2.7B
Campbell Soup announced Monday it will buy Sovos Brands for $2.7 billion, or $23 per share. Sovos's portfolio includes Rao's pasta sauce and Michael Angelo's frozen meals.
KKR in 'advanced talks' to buy Paramount’s Simon & Schuster in $1.65 Billion deal: Report
KKR & Co Inc is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global for $1.65 billion, according to the Wall Street Journal.
S&P 500 could top 5000 by end of 2023: J.C. Parets
All Star Charts founder J.C. Parets and RBC Capital Markets deputy chairman of global investment banking Larry Grafstein discuss the M&A landscape and reveal what stocks will drive the major indexes higher on 'The Claman Countdown.'
Volkswagen growing market share in China through partnerships with Xpeng, SAIC
Volkswagen announced on Wednesday a duo of collaborations with Chinese companies to bolster the automaker’s presence in the country, while developing two new EV models.
Amazon lowers price for Roomba maker iRobot after deal faces antitrust scrutiny
Amazon has dropped its price per share for robot vacuum maker iRobot after the companies faced pushback from regulators in the U.S. and in Europe.
FTC is a 'rogue agency' with no interest in protecting consumers: Carl Szabo
NetChoice Vice President and general counsel Carl Szabo discusses the Biden administration's latest move to gain more control over American businesses on 'The Big Money Show.'
Lyft open to selling bike, scooter business
Lyft said Monday it might sell or find a strategic partner for its bikes and scooters unit as the ridesharing company races Uber for more share of the market.
Biden admin put forth a total 'rewriting' of merger, acquisition rules: Barbara Comstock
Attorney and former Virginia congresswoman Barbara Comstock reacts to proposed merger and acquisitions guidelines from the FTC and DOJ.
Microsoft-Activision deal is about encouraging competition: Bobby Kotick
Activision Blizzard CEO Bobby Kotick discusses the Federal Trade Commission's attempt to stymie his merger agreement with Microsoft on 'The Claman Countdown.'
Microsoft, Activision extend deal deadline to Oct. 18
The two companies originally agreed to close the deal by July 18, but U.S. regulatory efforts to block the takeover and Britain's push to restructure it have delayed the close.
Microsoft reaches deal to keep 'Call of Duty' franchise available on PlayStation
Microsoft announced Sunday that the company reached a deal with Sony to keep the "Call of Duty" franchise available on PlayStation consoles after its Activision Blizzard acquisition.
Salma Hayek's husband and Kering CEO François-Henri Pinault in talks for multibillion-dollar CAA purchase
Salma Hayek's husband François-Henri Pinault is reportedly in talks to buy CAA in a deal that would value the Hollywood mega agency at over $7 billion.
JPMorgan Chase profit jumps, helped by First Republic purchase
JPMorgan Chase said on Friday that the bank’s profits moved 67% higher over the second quarter, as borrowers' interest payments increased from the purchase of First Republic Bank.
FTC Chairwoman Lina Khan grilled by House Judiciary Committee
Federal Trade Commission Chairwoman Lina Khan faced tough questions from House Judiciary Committee Republicans on her agency's moves to block mergers and acquisitions.
FTC appealing judge's ruling in Microsoft-Activision deal
The FTC will appeal a California judge’s decision to allow Microsoft’s $69 billion purchase of Activision Blizzard, according to a court filing late Wednesday.
FTC loses case to block Microsoft Activision $69B deal
The U.S. Federal Trade Commission cannot stop Microsoft’s proposed $69 billion purchase of Activision Blizzard, California judge Jacqueline Scott Corley ruled on Tuesday.
M&M's maker Mars looks to diversify, announces acquisition of healthy food maker Kevin's Natural Foods
Mars Inc announced that it is buying Kevin’s Natural Foods as the food giant looks to diversify its portfolio and acquire more healthy food options.
Warren says Yellen, Biden officials wrong on 'dangerous' bank mergers
Massachusetts Sen. Elizabeth Warren sent a letter warning Treasury Secretary Janet Yellen and other financial regulators against allowing further bank mergers.
Prologis buying $3.1B industrial property portfolio from Blackstone
The portfolio includes nearly 14 million square feet in about 70 properties in Atlanta, California, Dallas, south Florida and the Washington, D.C., and New York regions.
PacWest sells loan portfolio for over $3.5B
PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.