Judge blocks $3.8B JetBlue-Spirit merger, cites 'anticompetitive harm'
A federal district court on Tuesday blocked JetBlue Airways' proposed $3.8 billion acquisition of budget carrier Spirit Airlines after the judge found the merger would hurt competition.
Bristol Myers to buy RayzeBio for about $4.1B
The U.S. drugmaker is turning to deals at a time when two of its top drugs, blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition.
Bristol Myers to buy Karuna Therapeutics for $14B
Karuna’s crown jewel, an experimental drug called KarXT, is the product of such new insights. The drug could surpass $6 billion in yearly sales if it is approved for the various uses.
Warner Bros. Discovery CEO Zaslav not ready to make deal for Paramount but options remain on table
The purchase of Shari Redstone’s stake in National Amusements and Paramount would make it easier for David Zaslav to start to absorb the media company.
Paramount, Warner Bros Discovery discuss merger; would consolidate streaming services
The chief executives of Warner Bros. Discovery and Paramount Global reportedly recently got together to weigh the possibility of merging their media companies into one.
Charles Payne: US Steel sale is not only unpatriotic but dumb
'Making Money' host Charles Payne reacts to Japanese steelmaker Nippon buying U.S. Steel.
IBM aims to boost AI offerings with $2.3B acquisition
Tech giant IBM bolstering its investments in artificial intelligence, announcing Monday it plans to buy two units of Software AG for $2.33 billion cash.
Japan's Nippon Steel to buy US Steel in $14.9B deal
U.S. Steel's shares suffered after several quarters of falling revenue and profit, making it an attractive target for rivals looking to add a maker of steel used by the auto industry.
Greek-yogurt maker Chobani buys coffee company La Colombe for $900M
La Colombe has been purchased by Chobani, the yogurt company revealed on Friday. The deal to pick up the coffee company had a value of $900 million.
Some Democrats in Congress call on FTC to block Albertsons-Kroger merger
A group of congressional Democrats wrote to the FTC calling for the agency to block the pending merger between Albertsons and Kroger over antitrust concerns.
Brad Jacobs takes serial entrepreneurship to the next level with QXO
XPO Chairman and founder Brad Jacobs discusses the launch of his new venture and reveals the secret to building billion-dollar businesses on 'The Claman Countdown.'
Stuart Varney: Elizabeth Warren's Subway food fight is 'laughable'
'Varney & Co.' host Stuart Varney reacts to Sen. Elizabeth Warren claiming Roark Capital's purchase of the Subway food chain creates a 'sandwich shop monopoly.'
Occidental Petroleum to buy CrownRock in $12B deal
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.
Investor group launches $5.8 billion buyout bid for Macy’s
Famed retailer Macy's is the focus of a $5.8 billion buyout bid launched by Arkhouse Management and Brigade Capital, according to a report by the Wall Street Journal.
Regulation proposals for major banks are 'going too far,' warns Chris Zaccarelli
Independent Advisor Alliance CIO Chris Zaccarelli discusses bank CEOs testifying on regulations in a Senate hearing, his expectations for the Federal Reserve's handling of interest rates and his outlook for M&A.
FTC tries again to block Microsoft's acquisition of Activision
The FTC is trying to block Microsoft's acquisition of Activision Blizzard, the maker of the popular "Call of Duty" franchise, after a lower court allowed the deal to proceed.
Blackstone paying $2.3 billion to acquire Rover
Blackstone will shell out $11 per share to acquire Rover and turn the pet care services platform back into a private company, according to a Wednesday press release.
Elizabeth Warren applauds FTC’s 'sandwich shop monopoly' probe of Subway acquisition
Sen. Elizabeth Warren praised the Federal Trade Commission's antitrust probe of Subway's sale to Roark Capital over concerns it could create a sandwich shop monopoly.
Football helmet maker Riddell exploring potential sale: report
Football helmet maker Riddell is exploring a potential sale according to a report by Reuters. The company recently extended its deal to provide helmets to NFL teams.
Hilton Grand to buy Bluegreen Vacations in $1.5B deal
The deal comes at a time when inflation is beginning to weigh on domestic travel in the U.S, following a surge in demand as COVID-related lockdowns were lifted in the last two years.