Daniel Schwartz, Burger King’s CEO, repeatedly said that tax savings from the deal were minimal and not a driver of the deal. But while that may be true today, the more the company grows overseas, the better deal it gets from being Canadian.
Of being a Time Warner Cable subscriber, Seth Meyers said, “It’s not great, I don’t love it.” His comments came during an interview with BuzzFeed CEO Jonah Peretti as part of BuzzFeed Brews with CBS This Morning.
One day after withdrawing their offer to buy Time Warner, Rupert Murdoch and top deputy Chase Carey made clear they have moved on from the deal. In making those comments, which came as Fox reported fiscal fourth quarter 2014 earnings, the company puts the pressure squarely on Time Warner CEO Jeff Bewkes to perform.
Pro-Russian militants in control of the MH17 crash site agreed to hand over vital evidence, Malaysia Prime Minister Najib Razak announced Monday. UPDATE: The black boxes have been handed over to the Malaysian government.
The American Apparel founder is sacrificing any future involvement with the company in return for ensuring that new management stays true to the core principles on which it was founded.
In a bid to buy both cool and a digital media presence, Time Warner is reportedly talking to Vice Media about a deal. The details are murky, but could involve Time Warner infusing Vice with up to $1 billion in cash and spinning off its HLN cable news network. The reports, which value Vice at around $2 billion, follow Time Warner’s spin off of its legacy magazine unit, Time Inc.
Multiple news outlets reported Monday that AT&T is closing in on a deal to acquire DirecTV, the nation’s largest satellite TV operator, for $50 billion. The potential deal comes after years of on-again, off-again negotiations between the two companies and follows the impending $45.2 billion merger of Comcast and Time Warner Cable.
Little known to most everyone is that Universal owns a 14% stake in Beats, which at the rumored $3.2 billion sale price equates to a windfall of $448 million for the world’s largest record label.
After being usurped by Comcast to acquire all of Time Warner Cable, Charter Communications managed to save face by inking a deal to buy and swap some cable systems with Comcast in a complex, three-step, roughly $20 billion deal. As a result, Charter, whose biggest shareholder is cable industry pioneer John Malone, will become the second-largest cable distributor in the country, trailing only the combined Comcast-Time Warner Cable.
Roberts built Comcast into a programming and distribution powerhouse by gobbling up companies like Pac-Man did pellets. His latest deal came late Wednesday night for Time Warner Cable.
Recent stories about a potential sale of Time Warner Cable offer a master class in the subtle semiotics of deal-making. A reader’s guide.
The difference between getting acquired or being the acquirer is often little more than a matter of pride. “The barrier is over management’s needs not the owners or customers,” says Sonnenfeld.
Reports emerged today that Comcast was exploring a possible bid for Time Warner Cable. The possibility of a deal between the two companies has been a decade in the making. Here’s why.
Verizon, the company behind the ubiquitous “Can you hear me now” commercials, agreed to pay $130 billion to buy out partner Vodafone Group’s stake in its U.S. wireless business.The deal, which ranks as the third-largest in corporate history, ends an often tense 14-year partnership between Verizon, led by CEO Lowell McAdam, and Britain’s Vodafone.
Two of the advertising industry’s biggest companies, Omnicom and Publicis, announced a $35 billion deal over the weekend. The combination creates a behemoth with a combined $23 billion in revenue and vaults it above WPP as the world’s largest ad agency.
Here are the key dates and events that led to the blockbuster $5 billion deal between China’s Shuanghui International and U.S. pork producer Smithfield Foods last month, based on information from its recently released proxy statement.
Bankers and lawyers negotiating deals often use code names to prevent press leaks. As the deal economy has grown, they have become an integral part of Wall Street M&A culture. Test your knowledge with our code name quiz.
Goldman Sachs Group Inc’s fingerprints are all over the deal by Chinese pork processor Shuanghui to buy Virginia-based Smithfield Foods.
Yahoo has entered the bidding for online video site Hulu. But Yahoo CEO Marissa Mayer seemed to suggest the company was done with big deals for this year after the Tumblr purchase. Or did she?
Today’s press conference is the most important sale of Yahoo CEO Marissa Mayer’s career. Her company’s future depends on convincing Tumblr’s users to believe in her vision.