Mergers and Acquisitions Headlines

  • BB&T, SunTrust announce $66 billion merger

    Two of the largest US regional banks are joining forces in a bid to compete with the nation's biggest players. BB&T and SunTrust on Thursday announced a $66 billion merger, forming the sixth-largest US bank based on assets and deposits. "It's an extraordinarily attractive financial proposition that provides the scale needed to compete and win in the rapidly evolving world of financial services," BB&T CEO Kelly King said in a statement. The combined company will operate under a new name,...

    WPLG
  • BB&T, SunTrust announce $66 billion merger

    Two of the largest US regional banks are joining forces in a bid to compete with the nation's biggest players. BB&T and SunTrust on Thursday announced a $66 billion merger, forming the sixth-largest US bank based on assets and deposits. "It's an extraordinarily attractive financial proposition that provides the scale needed to compete and win in the rapidly evolving world of financial services," BB&T CEO Kelly King said in a statement. The combined company will operate under a new name,...

    WPLG
  • Spotify bets big on podcasts with acquisition of Gimlet and Anchor

    Music-streaming king Spotify sees a future in podcasts. The company announced on Wednesday that it has made two huge acquisitions that firmly plant Spotify in the podcasting business. The music-streaming giant has bought Gimlet Media Inc., a popular podcast producer, and Anchor, a platform that helps creators produce and publish their podcasts. According to Recode, Spotify is paying around $230 million for Gimlet. Recode first reported that Spotify and Gimlet were in talks last week. It’s...

    Mashable
  • Spotify Bets Big on Podcasting With 2 Major Acquisitions

    Spotify is set to buy podcasting companies Gimlet Media and Anchor in a move that will reshape the landscape of the nascent industry. The streaming service announced the two deals in a blog post from CEO Daniel Ek today, in which he called podcasting the "next growth phase in audio." While Spotify wouldn't disclose the

    @adweek
  • Siemens-Alstom Merger Killed By EU Competition Officials

    A merger that was supposed to create a "European champion" with the strength to counter the growing economic clout of China has been killed by the European Union's top competition official, Margrethe Vestager. On Wednesday, Brussels blocked the proposed merger between Siemens and Alstom that would have created a pan-European rail giant, a move that France Finance Minister Bruno Le Maire denounced as "an economic mistake" and a "political mistake" according to the Financial Times. However,...

    Zero Hedge
  • EU rejects Siemens and Alstom, Aurubis and Wieland mergers

    Siemens and Alstom's plan to create a European rail champion collapsed on Wednesday after EU antitrust regulators rejected the deal, saying that it would have hurt competition and led to higher prices for consumers.

    in.reuters.com