DETROIT— Dan Gilbert's ownership presence in downtown Detroit has kept growing, with the addition of a vacant 38- story office tower and adjacent buildings to his stable of properties. Book Tower, the attached 13- floor Book Building and an adjacent two-story community center have been bought by Bedrock Real Estate Services. "This project is going to be one of...» Read More
Facebook purchased virtual reality technology company Oculus for $2 billion just five weeks after announcing a $16 billion deal to buy WhatsApp, reports CNBC's Josh Lipton. The FMHR traders provide perspective.
Facebook acquired virtual reality technology company Oculus for $2 billion. John McDuling of Quartz thinks the Oculus acquisition is more ambitious than the WhatsApp purchase.
The social media giant is getting into the virtual reality game, reports CNBC's Jon Fortt with details of the deal and a look at how Oculus works.
Media General said it would buy LIN Media for $1.6 billion to create a broadcaster reaching nearly a quarter of U.S. households with a television.
Radio frequency chipmakers RF Micro Devices will buy peer TriQuint Semiconductor for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers.
Peter Weinberg, Perella Weinberg Partners, weighs in on recent mergers and acquisitions, from Facebook buying WhatsApp for $16 billion to Comcast's $45 billion merger with Time Warner Cable, and discusses the role of the activist investor. I don't know a company now that isn't focused on activists, says Weinberg.
A recent acquisition shows how bedroom novelties have aroused the interest of private equity firm Brookstone Partners.
G Asset Management has proposed to acquire 51 percent of Barnes & Noble at $22 per share, reports CNBC's Courtney Reagan.
Mark Mahaney, RBC Capital Markets, shares his thoughts on Facebook's $16 billion deal to acquire the messaging startup and what it signals about the company's future focus. What Facebook has done is essentially doubled its utility value, Mahaney says.
This really gives Facebook a tremendous share of time spent on mobile devices, says Rich Greenfield, BTIG analyst, sharing his thoughts on whether Facebook's $16 billion bet will pay off.
Facebook's CEO Mark Zuckerberg says the deal is about connecting more people, reports CNBC's Julia Boorstin, with the latest details of the $16 billion acquisition.
Bob Peck, SunTrust Robinson Humphrey analyst, discusses Facebook's acquisition of messaging startup WhatsApp. The price they're paying is about $42 dollars per user, it's not a bad deal, says Peck.
The second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company.
Facebook has agreed to acquire WhatsApp in a deal of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares.
Discussing its acquisition of Zale, and the benefit for shareholders and consumers, with Michael Barnes, Signet Jewelers CEO.
Actavis will acquire Forest Labs for $25 billion in a cash and stock deal.
Lucinda Guthrie, deputy global editor at Dealreporter, says companies are carrying out large transactions but fewer of them.
Gilbert Harrison, Financo chairman, shares his thought on Jos. A. Bank's acquisition of Eddie Bauer in a $825 million cash and stock deal. It's a great deal for the company and shareholders, says Harrison.
Amy Yong, Macquarie Research, discusses how the $44 billion deal for Comcast to acquire Time Warner Cable will likely impact the sector.
This will give us wider distribution of our products, says Brian Roberts, Chairman & CEO of Comcast, talking with Robert Marcus, Chairman and CEO of Time Warner Cable, and CNBC's David Faber about Comcast buying Time Warner Cable.