Mergers and Acquisitions

Walt Disney on Wednesday began its formal acquisition of Comcast's one-third stake in Hulu, which would result in Disney's full ownership of the streaming service.

Senate Majority Leader Chuck Schumer and 22 Democratic senators sent a letter to the FTC calling for an antitrust probe of acquisitions by ExxonMobil and Chevron.

Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million of the company’s stock, according to an SEC filing.

Chevron Corporation is acquiring rival Hess Corporation in a $53-billion all-stock transaction that it says will upgrade and diversify its portfolio.

Microsoft completed its $69 billion acquisition of Activision Blizzard after clearing a series of regulators’ hurdles since the deal was first announced in January 2022.

Shareholders of Pioneer Natural Resources will receive 2.3234 shares of ExxonMobil for each Pioneer share they own at closing, Exxon said in a statement.

Bristol Myers Squibb will buy Mirati Therapeutics in a deal worth up to $5.8 billion, or $58 per share, the biopharmaceutical company announced Sunday.

Pioneer Natural Resources shares spiked on rumors Exxon Mobil is closing in on a deal to purchase the company in what could be a $60 billion deal, The Wall Street Journal reported.

Krispy Kreme said it is exploring strategic alternatives for Insomnia Cookies, including an all-cash purchase. The donut maker acquired a majority stake in Insomnia in 2018.

Shares of meal kit company Blue Apron are up 133% in early trading on Friday, following the company’s announcement that it agreed to be purchased by Wonder Group.

Amazon is pushing deeper into artificial intelligence with its $4 billion investment in San Francisco-based AI start-up Anthropic, a company specializing in generative AI safety and research capabilities.

British regulators said Microsoft’s restructured purchase plan to acquire Activision Blizzard for $69 billion "opens the door" to the biggest ever gaming deal getting done.

Cisco announced Thursday it is buying Splunk in a deal valued at about $28 billion, or $157 per share in cash. It is expected to close in the third quarter of 2024.

Disney CEO Bob Iger has floated the idea of selling the company's TV assets, but with reports of a possible offer, the entertainment giant is not revealing its hand.

Professional wrestling promotion juggernaut WWE formally tied the knot with UFC's parent company Endeavor to form a new company called TKO Group.

J.M. Smucker will buy Hostess Brands in a deal valued at $5.6 billion. Smucker said the acquisition is expected to close in the third quarter of its current fiscal year.

Kroger and Albertsons will sell 413 stores to C&S Wholesale Grocers in connection with a proposed $24.6 billion merger announced last October.,

Hulu had 48.3 million subscribers at the end of the most recent quarter, compared with 24 million paid subscribers for Peacock and 105.7 million global subscribers for Disney+.

Digital World, the special purpose acquisition company planning to take former President Trump's media company public, voted Tuesday to extend the merger deadline another year.