The $8 billion Xerox wants to buy HP for $33 billion – so much so, it says it’s willing to go hostile. A merger may make sense, but a less risky deal would be HP buying Xerox. John Foley explains how Carl Icahn and both companies’ owners would do just …
Nov 29 – Buyout shop Silver Lake is buying about 10% of the company that owns British Premier League soccer club Manchester City, valuing it at $4.8 bln. Clara Ferreira Marques and Peter Thal Larsen discuss how the unusual investment could manage to sc…
The ex-New York mayor is running for U.S. president as a Democrat. So he may have to sell his eponymous news-and-data firm. John Foley walks through who the potential buyers of the $60 billion outfit might be, from Microsoft and IBM to the Intercontine…
Mexico’s recession is a blow to President Andres Manuel Lopez Obrador, who took office a year ago promising 4% GDP growth. Budget cuts aren’t helping, and indebted national oil company Pemex needs support. Regional unrest raises the stakes further, Ann…
Charles Schwab’s $26 billion deal for TD Ameritrade has been in the cards for years. John Foley explains why it’s happening now – and why around half the value of the deal may end up being passed on to customers. A Xerox-HP combo, on the other hand, ma…
Model Kylie Jenner agreed to sell half her eponymous cosmetics line to Coty for $600 mln on the same day Estée Lauder unveiled plans to buy the South Korean maker of Dr. Jart at a $1.7 bln valuation. Sharon Lam and Jeffrey Goldfarb judge the M&A beauty…
PayPal’s $4 billion acquisition of Honey Science, an online rewards company, may snare customers who would otherwise end up with payment rivals like Apple and Square. That sounds enticing enough, but it’s a lot to spend on an uncertain result, Robert C…
The world’s biggest oil company has fixed on a $1.7 trillion valuation – less than it wanted but probably more than it merited. Getting that number means pulling out all the stops, including loans to Saudi citizens to help them buy the stock. George Ha…
The U.S. discount retailer is struggling despite extending a partnership with Amazon to all its almost 1,200 stores. Meanwhile, larger rival TJX is prospering. Amanda Gomez explains why – and how an inventory backlog means that’s unlikely to change for…
HP has rejected Xerox’s $33.5 billion offer, but left the door open to talks. That paves the way for a more sensible deal – say, one where HP is the acquirer but Xerox boss John Visentin calls the shots. Activist investor Carl Icahn ought to be amenabl…