Acquisition News
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New York -
Is New York Mayor Michael Bloomberg in the midst of purchasing the Financial Times? A new report came out Monday that suggested the billionaire media mogul is considering buying the print news outlet.
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Ottawa -
The Canadian Radio-television and Telecommunications Commission rejected the Bell $3.4 billion deal to buy Astral Media. The Canadian regulatory commission claims that the deal would give BCE too much market power and threaten competition in the media.
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Toronto -
After months of ING Direct considering selling off its Canadian operations, the nation's No. 3 financial institution Scotiabank announced that it will acquire the online bank for $3.1 billion in cash.
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Camden -
Campbell Soup Company, the world's largest soupmaker, is set to acquire natural foods company Bolthouse Farms for approximately $1.55 billion in cash to enhance its current selection of juices and packaged fresh foods.
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Facebook says it will spend $1 billion to buy Instagram, a photo-sharing start-up which recently passed 30 million members.
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Word out on the web rumors CNN is looking to acquire popular technology and social news website Mashable.
According to several media reports, Mashable CEO Pete Cashmore is in talks with the news giant.
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Palo Alto -
According to a latest report, social network giant Facebook has acquired the online social travel guide Gowalla for an undisclosed sum. Neither company has confirmed the reports, but a source said the company will relocate to Palo Alto, California.
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Sunnyvale -
Yahoo has announced that it is buying online advertising firm interclick for $270 million in cash. This move will assist Yahoo in search optimization, premium supply and data targeting in order to revive its online advertising business.
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In a press release issued this morning, Microsoft confirmed rumours it will buy Skype for $8.5 billion in cash. The acquisition is the largest in Microsoft's history.
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Microsoft is reportedly buying Internet phone company Skype Technologies SA for close to $8.5 billion. It would be Microsoft’s largest acquisition in its history.
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Grupo Bimbo announced on Tuesday it is buying Sara Lee's NAFB for $959 million.
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