Mergers and acquisitions

July 08, 2020 - 7:49 pm
LAS VEGAS (AP) — Reno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Las Vegas-based Caesars Entertainment Corp. in a $17.3 billion deal creating a gambling giant owning or operating 55 properties in 16 U.S. states and several other countries. “...
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FILE - In this May 15, 2020 file photo, an Uber sign is displayed inside a car in Chicago. Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday, July 6. (AP Photo/Nam Y. Huh, File)
July 06, 2020 - 6:03 pm
SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic...
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FILE - This Nov. 15, 2019, file photo shows logs of Yahoo Japan and Line Corp. in Tokyo. Online services Yahoo Japan and Line Corp. said Tuesday, June 30, 2020, the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date. (Shinji Kita/Kyodo News via AP, File)
June 30, 2020 - 5:51 am
TOKYO (AP) — Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date. Z Holdings Corp., which operates Yahoo Japan, and Naver Corp. of South Korea, which owns a...
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June 29, 2020 - 7:23 pm
NEW YORK (AP) — Athletic apparel maker Lululemon Athletica Inc. said Monday it's acquiring at-home exercise startup Mirror for $500 million. The deal is part of Lululemon's plan to expand beyond just selling yoga tights and other workout clothing. “The acquisition of Mirror is an exciting...
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FILE - This Sept. 6, 2012, file photo, shows the Amazon logo in Santa Monica, Calif. Amazon said Friday, June 26, 2020, that it is buying self-driving technology company Zoox, which envisions a future where people will request a ride on their phones and a car will drive up without a driver. (AP Photo/Reed Saxon, File)
June 26, 2020 - 12:48 pm
NEW YORK (AP) — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones. Seattle-based Amazon did not disclose how much it is paying for Zoox, which was founded six...
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June 10, 2020 - 6:42 pm
Just Eat Takeaway.com is acquiring Grubhub in a $7.3 billion deal that will create one of the world's largest restaurant delivery companies. Amsterdam-based Just Eat Takeaway.com and Chicago-based Grubhub announced the merger late Wednesday. Earlier in the day Just Eat Takeaway.com confirmed the...
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FILE - In this April 5, 2020, file photo, Navy Rear Adm. John Polowczyk, supply chain task force lead at the Federal Emergency Management Agency, speaks during a coronavirus task force briefing at the White House in Washington. U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. Polowczyk, who was appointed to run a White House supply chain task force in response to the outbreak, told reporters last week that the government is expanding the emergency stockpile of critical supplies and medicines managed by the Department of Health and Human Services. (AP Photo/Patrick Semansky, File)
May 21, 2020 - 2:44 pm
WASHINGTON (AP) — U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. The government began formal discussions Thursday with private industry officials...
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Workers wearing protective outfits sanitize a shop in via Monte Napoleone fashion shopping street, in Milan, Italy, Monday, April 27, 2020. Italian factories, construction sites and wholesale supply businesses can resume activity as soon as they put safety measures into place aimed at containing contagion with COVID-19. This concession comes with partial easing of national lockdown restrictions announced Sunday night by Italian Premier Giuseppe Conte. (Claudio Furlan/LaPresse via AP)
May 07, 2020 - 9:13 am
SOAVE, Italy (AP) — The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday. Bain Partner Claudia D’ Arpizio said it would take two to three years to return to 2019...
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May 06, 2020 - 6:23 pm
The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media. Sinclair in 2017 proposed a $3.9 billion deal for Tribune’s TV stations, attempting to extend its reach into new...
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FILE - In this May 2, 2019, file photo, the DraftKings logo is displayed at the sports betting company headquarters in Boston. Sports daily fantasy and betting website DraftKings will debut as a publicly traded company Friday, April 24, 2020, against a backdrop of a near-complete shutdown of athletic competition across the globe due to the coronavirus pandemic. (AP Photo/Charles Krupa, File)
April 23, 2020 - 8:17 pm
BOSTON (AP) — Sports daily fantasy and betting website DraftKings will debut as a publicly traded company Friday against a backdrop of a near-complete shutdown of athletic competition across the globe due to the coronavirus pandemic. DraftKings' move to Wall Street was sealed Thursday after...
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