Mergers and Acquisitions

PayPal Holdings Inc. backed off a potential $40-billion-plus takeover of Pinterest Inc. after backlash from the payments company’s shareholders.

PayPal Inc. will not pursue a deal for Pinterest Inc., the payments company said on Sunday evening.

The potential deal could value Pinterest at approximately $45 billion

Moonbug Entertainment Ltd., the company behind the hit children’s show “CoComelon,” is looking to cash in on its popularity by either selling itself or going public, according to people familiar with the matter.

Barry Diller’s IAC/InterActiveCorp. has reached a roughly $2.7 billion deal to buy magazine publisher Meredith Corp., a bet on online publishing that will combine brands such as People, Better Homes & Gardens and Investopedia.

Merck will spend about $11.5 billion to buy Acceleron Pharma and its potential treatment for high blood pressure in vessels that connect the lungs heart.

MGM would also enter into a long-term lease agreement with a partnership among Stonepeak Partners, Cherng Family Trust and Blackstone Real Estate Income Trust Inc, which will acquire The Cosmopolitan's real estate assets.

Merck & Co. is in advanced talks to acquire Acceleron Pharma Inc., according to people familiar with the matter, in a move that would bolster the pharmaceutical giant’s rare-disease business.

U.S. drugmaker Acceleron Pharma Inc is in advanced talks to be acquired by a large pharmaceutical company for more than $11 billion, Bloomberg News reported on Friday, citing people familiar with the matter.

IAC/InterActiveCorp. is in advanced talks to acquire magazine publisher Meredith Corp., owner of brands including People and Better Homes & Gardens, according to people familiar with the situation, in an effort to build more scale in online publishing.

A Justice Department-led panel is investigating Zoom Video Communications Inc.’s deal to buy an American customer-service software company, citing potential national-security risks posed by the U.S. videoconferencing giant’s China ties.

Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com rival at $10.13 billion as hybrid work fuels demand for its products.

The FTC's Office of Policy Planning released findings on Wednesday from a study which focused on over 600 unreported acquisitions by Alphabet, Amazon, Apple, Facebook, and Microsoft between Jan. 1, 2010 and Dec. 31, 2019.

Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said.

Bill Gates' Cascade Investment LLC is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for $2.21 billion, the hotel operator said on Wednesday.

U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry witnessing a pandemic-led boom.

Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National’s $33.6 billion bid last week.

FAT Brands Inc. CEO Andrew Wiederhorn explained how the labor “crisis” has affected his businesses, calling the situation a “total nightmare.”

A planned shareholder vote on Canadian National's $33.6 billion offer has been delayed after regulators rejected a key part of the plan, so now Kansas City Southern railroad can consider all of its options, including a competing $31 billion offer from Canadian Pacific Railway.