Mergers and Acquisitions

The combined company will create a stronger competitor against bigger telecoms AT&T and Verizon.

T-Mobile US Inc and Sprint Corp won a federal court fight as a judge ruled on Tuesday that their $26 billion merger was legal and should be allowed.

Xerox Holdings Corp on Monday raised its offer to buy PC-maker HP Inc to $24 per share from $22 per share.

Schick razor maker Edgewell Personal Care on Monday scrapped its $1.37 billion deal for peer Harry's Inc after the U.S. competition regulator sought to stop the deal.

“ICE has decided to cease exploring opportunities with eBay,” the company said in a statement.

The company anticipates that the merger will be completed in the middle of 2020

ICE is primarily interested in owning eBay's core marketplace business, not its classified unit, which eBay has been considering selling.

The deal gives Penn National the chance to attract a new, younger demographic in the fast-growing $150 billion sports-gambling business.

Berkshire Hathaway agreed to sell its BH Media Unit and its 30 daily newspapers to Lee Enterprises

For the full year, the company reaffirmed its revenue forecast for 1% to 2% growth.

Xerox, facing a slowdown in demand as businesses cut down on printing their paperwork, has laid out a three-year cost-cutting plan under a CEO nominated by activist investor Carl Icahn.

BAE Systems' acquisition of the two businesses will need to pass certain government regulatory hurdles.