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Tag: Mergers and Acqusitions

A Caviar employee rides their bike down Market St. in San Francisco, California, on Saturday, January 26, 2018.

Uber’s CEO says the company considered buying Caviar before DoorDash snapped up the competitor for $410 million

Dara Khosrowshahi hinted Uber might not be interested in acquiring smaller competitors despite the boon in delivery mergers.

Allergan spikes 30% after AbbVie agrees to buy the Botox-maker for $63 billion

AbbVie expects the acquisition to generate at least $2 billion in pre-tax synergies and cost reductions within three years.
The deal is off.

French politics killed the Fiat Chrysler-Renault merger

The major challenge with the proposed deal was always going to be with the French government, which controls 15% of Renault.
Tesla CEO Elon Musk.

Tesla is going it alone while other carmakers are partnering and merging — here’s why Elon Musk doesn’t have a choice

At one time, a tie-up with Tesla might have made sense, but Tesla now wouldn't bring much to a deal.
France's Yellow Vests have halted the government's residual globalism.

In Fiat Chrysler-Renault deal, globalism is about to collide head-on with populism

Immediately after the merger plan was revealed, the French and Italian governments moved to secure jobs.
FCA CEO Mike Manley.

Fiat Chrysler’s business is already complicated — a merger with Renault would make it even more challenging

On its face, the proposed merger looks like a tie-up of Fiat and Renault, companies that have struggled as the industry has witnessed surging sales.
Deutsche Bank CEO Christian Sewing

Barclays says talk of any Deutsche Bank merger is a red flag for earnings — and the UK bank is slashing its price targets

"Profitability may have deteriorated further in the fourth quarter, and the current strategy/targets are looking less and less viable," Barclays said.
Bring on the Mighty Eagle!

Forget about Tesla going private — there’s still time for Apple to buy the company

Tesla CEO Elon Musk is in the middle of a go-private saga around the carmaker. Various ways to funds a potential deal have been debated, but nothing solid has yet emerged. Yet again, Apple and its pile of cash and trillion-dollar market cap could ride to the rescue.
Visitors walk towards the Sleeping Beauty Castle during a visit to the Disneyland Paris Resort.

Millennials are snapping up Disney ahead of earnings

Disney and Fox shareholders have approved the merger, but the deal’s completion is still at the hands of regulators in the US and internationally. And even once completed, the Fox buyout will mean more work is ahead for Disney, analysts say.

Starbucks is going to see major growth in 3 key areas after its deal with Nestle

Starbucks' partnership with Nestle will push the Seattle-based coffee maker into the international market, Morgan Stanley says. Starbucks is expected to use the influx of cash for share buybacks in fiscal year 2019.