Mergers and Acquisitions

A deal to sell the newspapers of Tribune Publishing has been approved by the company's shareholders.

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.

While one source close to the situation cautioned that it’s too early to speculate and no decisions have been made, another noted that Mayer is friendly with a number of Discovery and WarnerMedia insiders, including Discovery Chief Executive David Zaslav.

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.

The annual Pebble Beach golf tournament had an unwitting part in the year's biggest media merger

In what could easily be the year’s biggest media deal, AT&T announced it will spin off its WarnerMedia assets and combine them with Discovery in a blockbuster $43 billion tie-up that’s shaking up the entertainment industry and already there are winners and losers

Amazon is in talks to purchase film studio Metro-Goldwyn-Mayer.

U.S. equity markets were lower as traders digested the AT&T-Discovery mega-merger.

AT&T Inc. has agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant behemoth to compete with Walt Disney Co.'s Disney+ and Netflix.

Bright Machines is nearing a merger with a special-purpose acquisition company to go public in a deal that would value the manufacturing-automation business at about $1.6 billion, according to people familiar with the matter.

The largest shareholder of home-furnishings chain At Home Group Inc. plans to oppose a deal to take the retailer private because it says the sale price is too low, according to a copy of a letter to the company’s board of directors viewed by The Wall Street Journal.

AT&T Inc. is in talks to combine a big portfolio of media assets, including CNN, with Discovery Inc., according to people familiar with the matter, a deal that would mark a major strategy shift for the telecom giant as the traditional TV business faces prolonged pressure.

The 7-Eleven convenience store chain said Friday it had completed a $21 billion acquisition of Marathon Petroleum Corp.’s MPC 2.21% Speedway convenience stores, amid disarray from U.S. antitrust enforcers who hadn’t agreed on what to do about a transaction they all said they believed was anticompetitive.

U.S. equity markets rallied Friday as traders celebrated the lifting of most mask mandates and digested disappointing retail sales.

General Mills Inc said on Friday it would buy Tyson Foods Inc's pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio at a time people are increasingly adopting cats and dogs.