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Acquisitions/Mergers

Federal Judge Blocks JetBlue-Spirit Merger Over Fears of Eliminating Competition

Updated Jan. 16, 2024 5:13 pm ETA federal judge on Tuesday blocked JetBlue Airways $3.8 billion deal to buy Spirit Airlines, rejecting a merger that he said would hamper competition and lead to higher fares.The ruling thwarts what would have been the biggest U.S. airline merger in over a decade. It marks a victory for the U.S. Department of Justice, which sued last year to prevent JetBlue and Spirit from going ahead with their tie-up.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

Hertz Selling 20,000 EVs in the U.S., to Reinvest in Gas-Powered Vehicles

Updated Jan. 11, 2024 10:59 am ETHertz is selling about a third of its global electric vehicle fleet, citing weaker demand for its electrified rentals.The car-rental company said in a regulatory filing on Thursday that it would use part of the proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 11, 2024 10:59 am ETHertzis selling about a third of its global

Intel to Buy Silicon Mobility SAS

Intel agreed to buy Silicon Mobility SAS, a fabless silicon and software company that develops system-on-chips for intelligent electric vehicle energy management.The purchase is one of the plans Intel announced at CES to bring its “AI everywhere strategy into the automotive market.”Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Intel agreed to buy Silicon Mobility SAS, a fabless silicon and software company that develops system-on-chips for intelligent electric

Amazon Misses EU Deadline for Concessions Over iRobot Deal

Updated Jan. 11, 2024 6:14 am ETAmazon.com missed a Wednesday deadline to offer remedies to the European Union over its $1.7 billion acquisition of Roomba maker iRobot, after the bloc had raised concerns that the deal could stifle competition in the robot vacuum cleaner market.The European Commission, the EU’s executive arm, made its concerns known in November after conducting an in-depth investigation into the deal that was outlined in August 2022. The bloc sent Amazon a so-called statement of objections—a formal step to

Chesapeake Energy, Southwestern Energy Sign Merger Agreement

Chesapeake Energy and Southwestern Energy have agreed to merge in an all stock-transaction valued at $7.4 billion that is aimed at creating a premier natural gas company.The companies on Thursday said the value is based on Chesapeake’s closing price as of Wednesday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Chesapeake Energy and Southwestern Energyhave agreed to merge in an all stock-transaction valued at $7.4 billion that is aimed at creating a premier natural

Hewlett Packard Enterprise Strikes $14 Billion Deal to Buy Juniper Networks

Hewlett Packard Enterprise struck a roughly $14 billion deal to buy Juniper Networks in a big bet on networking and artificial intelligence. The companies unveiled the transaction late Tuesday, a day after The Wall Street Journal reported that a deal was close. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Hewlett Packard Enterprise struck a roughly $14 billion deal to buy Juniper Networksin a big bet on networking and artificial intelligence. The companies

Hewlett Packard Enterprise to Buy Juniper Networks For $14 Billion

Hewlett Packard Enterprise has agreed to buy Juniper Networks, a $14 billion deal that would merge two legacy network-operations companies as they seek to capitalize on the rise of generative artificial intelligence.The Wall Street Journal reported on Monday that the companies were nearing a deal.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Hewlett Packard Enterprise has agreed to buy Juniper Networks, a $14 billion deal that would merge two legacy

Hewlett Packard Enterprise Near Deal to Buy Juniper Networks

Updated Jan. 8, 2024 6:31 pm ETHewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence. A deal between the two companies could be announced as soon as this week, according to people familiar with the matter, assuming the talks don’t fall apart. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 8, 2024 6:31 pm

Zee Entertainment Shares Fall on Reports of Sony Calling off Merger Deal

Shares of Zee Entertainment Enterprises fell sharply Tuesday after news reports that Japan’s Sony Group may call off a merger of its India operations with the former.Zee Entertainment shares fell as much as 13% and were last down 6.7% at 258.75 Indian rupees ($3.12).Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Shares of Zee Entertainment Enterprises fell sharply Tuesday after news reports that Japan’s SonyGroup may call off a merger of its India operations with

GSK Buys Aiolos Bio for Up to $1.4 Bln

Updated Jan. 9, 2024 2:35 am ETGSKsaid it bought biopharmaceutical company Aiolos Bio for an upfront consideration of $1.0 billion and the potential for an additional $400 million, the latest in a string of pharmaceutical majors buying fast-growing biotechs to restock their pipelines.The British pharmaceutical giant said Tuesday that the deal to buy San Francisco and London-based Aiolos Bio, which focuses on patients with respiratory and inflammatory conditions, includes a Phase 2-ready antibody called AIO-001 for the