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Ford in Deal to Sell Volvo to Chinese
Ford says it is close to selling its loss-making Volvo unit to China's Geely and expects a final deal in the first quarter of next year. "All substantive commercial terms relating to the potential sale...
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Sold! Burger King Goes for $4B
Burger King got itself a whopper of a deal: The country's second-largest hamburger chain will sell itself to private equity firm 3G Capital for $24 a share. Final price tag: about $4 billion, reports...
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AT&T to Buy T-Mobile for $39B
AT&T says it will buy T-Mobile USA from Deutsche Telekom in a cash-and-stock deal valued at $39 billion. The deal will combine the second-largest wireless carrier in the US with the fourth, notes...
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AT&T, T-Mobile Merger Bad News for Consumers
Reactions to the surprise AT&T-T-mobile merger are pouring in, and, not surprisingly, most conclude this isn't a good thing for consumers: The Bell telephone system—"aka AT&T"—was broken up in...
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Google May Be Hit With Antitrust Probe
Google could soon be the target of a federal antitrust probe. Officials with the Federal Trade Commission will hold off on a decision until after the Justice Department determines whether or not it...
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Facebook Buys Instagram for $1B
Facebook today announced its largest acquisition yet: Instagram , the mobile app that lets users turn today's memories into something straight out of 1975, which will bolster Facebook's own photo...
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Zuck Didn't Ask Facebook Board About Instagram Buy
If you're wondering what was going through the minds of Facebook's board members when they decided to fork over $1 billion for Instagram, the answer is a big fat nothing. That's because the board of...
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FTC Inquiry May Delay Facebook's Instagram Deal
Facebook and Instagram aren't likely to finish tying the knot by the second quarter as they'd originally intended, because the Federal Trade Commission has launched a competition probe into the deal....
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Microsoft Buying Yammer for $1.2B
Microsoft is paying $1.2 billion to buy Yammer, an Internet startup that has built a social network similar to Facebook for the business world. The deal announced today comes nearly two weeks after...
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Avis Buying Zipcar for $500M
Car renting meets car sharing? Avis Budget Group has agreed to buy Zipcar for around $500 million, the Wall Street Journal reports. Avis will pay $12.25 per share, a 49% premium over Zipcar's closing...
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Founder Gets Avalanche of Money to Stay at Tumblr
Tumblr founder David Karp has about 81 million reasons to spend the next four years working his current job. The $1.1 billion sale of his baby to Yahoo back in May includes a retention payment of $81...
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Apple Might Make Dr. Dre a Billionaire
Apple could be about to make its biggest deal ever, one that would make rapper and producer Dr. Dre a very rich man. Apple is in talks to buy Beats Electronics—known for its wireless headphones,...
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Electrolux to Buy GE Appliance Business in $3.3B Deal
Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies announced today. The acquisition is the...
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$48B Health Care Deal Could 'Reshape Industry'
In a deal that the Wall Street Journal says could "reshape the US health industry," Anthem has agreed to buy Cigna for more than $48 billion—forming a combined entity that will cover more than 53...
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Tech's 'Unluckiest Guy' Loses Big in Startup Sale
Somewhere out there, there's a bicycle that was traded for what turned out to be a multi-million dollar stake in a tech startup. The crazy tale involves the company SwiftKey and one of its founders,...
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Comcast Just Bought DreamWorks for $3.8B
In animating news for DreamWorks, Comcast's NBCUniversal will scoop up the studio, behind such films as Kung Fu Panda and Shrek , in a deal worth $3.8 billion, the AP reports. The acquisition, which...
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Microsoft Buying LinkedIn for $26B
Microsoft has just announced one of the biggest deals in its history, per the Telegraph . The company says it will buy LinkedIn for $26.2 billion in cash, or $196 per share—a 50% improvement on its...
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Walmart Drops $3.3B on an Amazon Killer
It's a year-old startup that wasn't yet profitable. Now Jet.com enters the books as the largest-ever e-commerce startup acquisition. Walmart announced Monday that it would purchase the site for $3.3...
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Jet.com's Sale to Walmart Makes Random Guy a Millionaire
Sum up this story with whichever word you like: Luck. Foresight. Jealousy. In early 2015, Eric Martin spent $18,000 in a bid to win a contest being offered by the new startup Jet.com: Sign up the...
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Chemical Brothers: Monsanto Acquired by Bayer for $66B
After months of courtship, German drug and farm chemical maker Bayer AG has finally reached an agreement to buy US seed and weedkiller company Monsanto, in a deal valued at $66 billion, the AP reports....
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