SAN FRANCISCO, July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc.. The acquisition would allow Xoom to expand into new markets with less execution risk, Xoom CEO John Kunze...» Read More
Regulators have escalated an investigation into suspicious trades placed ahead of the $23 billion takeover of H. J. Heinz, focusing on a complex derivative bet routed through London, according to two people briefed on the matter. The New York Times reports.
Payment processor Total System Services said it will buy prepaid debit card provider NetSpend Holdings for about $1.4 billion in cash.
The surprise deal that saw Berkshire Hathaway and 3G Capital Management swoop in this with a $28 billion bid for ketchup maker H.J. Heinz came with an interesting wrinkle that links two burger giants.
Following a flurry of merger deals, billionaire investor Wilbur Ross explains that more takeovers are likely.
H.J. Heinz confirmed Thursday that it agreed to be acquired by Berkshire Hathaway and 3G for $28 billion.
Brian Roberts, Chairman & CEO of Comcast, discusses why he is "bullish" on recent business transactions, including buying GE's remaining 49% stake in NBCUniversal for $16.7 billion. "We've seen some early signs of turnaround and payoff for some of the investments we're making," he added. Both Comcast and GE stock were up on the announcement.
Todd Rethemeier, Hudson Square Research analyst, breaks down Comcast's fourth quarter earnings results, and weighs in on the news the company will be acquiring GE's remaining 49% stake in NBCUniversal for $16.7 billion, saying it's a "pretty good diversification strategy."
CNBC's Scott Wapner reports Apple's CEO sees "incredible opportunities" in emerging markets. And, Matthew Roberts, OpenTable CEO, weighs in on where he sees the future of mobile technology.
CNBC's Scott Wapner reports Apple has considered large acquisitions in the past; and Timothy Lesko, Granite Investment Advisors, explains why he does not want the tech giant to use its cash for large acquisitions, but would rather see it spent on dividends or buybacks.
Three of Dell's largest investors joined Southeastern Asset Management on Friday in objecting to a $24.4 billion buyout of the No. 3 PC maker led by Chief Executive Michael Dell, sources said, as opposition grows to the largest buyout since the start of the financial crisis.
Dell agreed to be taken private Tuedsay in a nearly $24 billion buyout deal by a consortium led by its founder and chief executive, Michael Dell.
Dell moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis.
Oracle has agreed to buy Acme Packet, which makes network equipment to speed up voice, video and data delivery across networks, for about $2 billion.
CNBC's David Faber has the latest detail on the Justice Department's move to block Anheuser-Busche's purchase of Groupo Modelo. Shares of Constellation Brands are down sharply on the news. Evan Benn, St. Louis Post-Dispatch, weighs in.
U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, the Wall Street Journal reported.
Sharp may sell its Chinese TV assembly plant to Lenovo as the cash-strapped Japanese TV maker looks to sell assets to bolster its finances, sources said.
Al-Jazeera bought Al Gore's Current TV, and as soon as the deal was announced, Time Warner Cable pulled the plug on Current TV. Brent Bozell, Media Research Center founder & president, offers insight.
Discussing whether Intermix is a smart acquisition for Gap, with Jennifer Davis, Lazard Capital Markets, and Paul Swinand, Morningstar.
Chinese investment in the U.S. will likely break another record in 2013, a research firm said, following a record year in 2012 with deals worth more than $6.5 billion.
Roger Tan, CEO, SIAS Research says F&N's share is worth between S$8.50 and $11.50 each, and that TCC can afford to increase its bid.