Mergers and Acquisitions

Chevron, Exxon Mobil executives discussed merger

The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what could be one of the largest corporate mergers ever.

MGM makes $11B offer for Ladbrokes owner Entain

A combination could create one of the few large gaming companies in the world with a significant online and bricks-and-mortar presence. It would follow other recent consolidation in the industry.

Amazon agrees to buy podcast startup Wondery

Founded in 2016, Wondery is one of several audio startups that blossomed in recent years as podcasting caught on with advertisers and listeners. Wondery is known for its gritty, narrative-driven podcasts that apply cinematic sound design to nonfiction stories.

Lockheed Martin enters agreement to acquire Aerojet Rocketdyne for $4.4B

As part of the transaction's approval, Aerojet Rocketdyne's shareholders will receive a special pre-closing dividend of $5 per share in common stock and convertible senior notes in March 2021, which, unless revoked, is expected to reduce the transaction's purchase price to $51 per share.