Strike three: Comcast can add Fox to list of huge acquisitions it’s failed to close

Strike three: Comcast can add Fox to list of huge acquisitions it’s failed to close

Comcast CEO Brian Roberts is dropping his pursuit to buy Fox. Roberts has also withdrawn bids to buy Disney and Time Warner Cable. Roberts could still walk away with an M&A win if Comcast buys Sky — or he could add yet another swing and miss. Declaring failure on a huge telecommunications acquisition has become old hat for Comcast CEO Brian Roberts. Comcast on Thursday formally withdrew its bid for Fox to focus on buying…

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JAB-backed Krispy Kreme is nearing a deal to acquire Insomnia Cookies

JAB-backed Krispy Kreme is nearing a deal to acquire Insomnia Cookies

  Krispy Kreme Doughnut is nearing a deal to acquire Insomnia Cookies, sources tell CNBC. Investment firm JAB Holding acquired Krispy Kreme in 2016 for $1.35 billion. The deal would help Krispy Kreme expand beyond its iconic glazed doughnuts. Krispy Kreme Doughnut is nearing a deal to acquire Insomnia Cookies in a move that would help the coffee and doughnut chain move beyond the glazed treats for which it is known, sources familiar with the…

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A surprising bid for gun maker Remington, and an unsurprising rejection

A surprising bid for gun maker Remington, and an unsurprising rejection

The Navajo Nation made a cash offer for gun maker Remington, with the intention of pushing it toward “smart gun” technology. Navajo Nation is one of the largest Native American tribes in the country with more than 350,000 members and land holdings of more than 27,000 square miles in Arizona, New Mexico and Utah. The bid was rejected last week after Remington had delayed a formal reply for nearly two months, according to a memo…

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Arconic shares jump 10.5 percent on report of private equity firm’s buyout interest

Arconic shares jump 10.5 percent on report of private equity firm’s buyout interest

Metals manufacturer Arconic shares spiked on Monday after a report released from The Wall Street Journal said the company was drawing interest from private equity firms. The stock closed with shares up 10.47 percent at $19.20 per share on Monday, making it the biggest gainer in the Standard & Poor’s 500 index. The stock had its best daily performance since Feb. 2, 2017. According to a report from The Wall Street Journal released on Friday,…

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Comcast increases cash offer for Sky to $34 billion, topping Twenty-First Century Fox

Comcast increases cash offer for Sky to $34 billion, topping Twenty-First Century Fox

Comcast on Wednesday raised its cash offer for Sky to $34 billion, topping Twenty-First Century Fox’s latest bid. Comcast said its upped bid has been recommended by the independent committee of Sky. The company also said it has earmarked funds to fulfill the terms of the deal. Earlier Wednesday, Fox raised its offer to about $32.5 billion. The two media giants have been in a bidding war for the British television group. Fox had originally…

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Keurig Dr Pepper’s first week post-merger brings a defection, an acquisition and new volleys in coffee wars

Keurig Dr Pepper’s first week post-merger brings a defection, an acquisition and new volleys in coffee wars

It’s barely a week into the closing of the mega-merger that created Keurig Dr Pepper and already the beverage industry has seen a defection, an acquisition and a further jolt in the coffee wars. The deal, which closed Monday, creates a beverage giant with $11 billion in revenue that combines Dr Pepper Snapple’s drink and distribution network with Keurig’ Green Mountain’s coffee business. The giant is backed by JAB Holding, the investment firm that has…

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Chinese tech giant Tencent plans to list its online music business in the United States

Chinese tech giant Tencent plans to list its online music business in the United States

Chinese internet giant Tencent said it plans to spin off its streaming music service on a U.S. stock exchange. In a statement issued on Sunday through the Hong Kong stock exchange, Tencent said the terms of the proposed spin-off, including offering size, price range and other details have not been finalized. The company added that details will be made “as and when appropriate.” Tencent provides services in music, social networking , e-commerce, mobile games, booking…

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Groupon surges on report it’s seeking a buyer

Groupon surges on report it’s seeking a buyer

Groupon gained almost 11 percent Monday following a weekend report that the company is seeking a buyer. Shares closed at $4.83 after jumping as much as 13 percent to $4.96. That makes for the stock’s best day since February 2017. Recode reported Saturday that the company, which pioneered local online deals, is considering a sale. Alibaba, which took a nearly 6 percent stake in the the company in 2016, could step in as a buyer,…

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Uber invests in scooter start-up Lime alongside rival Alphabet, will let you rent scooters through Uber app

Uber invests in scooter start-up Lime alongside rival Alphabet, will let you rent scooters through Uber app

Uber is partnering with electric scooter start-up Lime, the companies said Monday. It’s the second scooter tie-up for Uber, which aims to be the leading one-stop-shop for transportation. The ride-hailing firm in April bought Jump Bikes, which also offers scooter rentals. Uber will make Lime rentals available in the app and add its logo to the lime-green scooters. Uber has increasingly turned to partnerships and mergers as it competes with Lyft, which last week announced…

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Cramer sees Pfizer’s reorganization as a ‘prelude’ to a spinoff of its consumer health-care business

Cramer sees Pfizer’s reorganization as a ‘prelude’ to a spinoff of its consumer health-care business

Pfizer’s announced reorganization could lead to an eventual spinoff of its consumer health-care business, CNBC’s Jim Cramer said Wednesday. The drug giant said it would reorganize into three units: Innovative medicines, established medicines and consumer healthcare, which it had been trying to sell since last year. The changes take effect at the start of fiscal 2019. “I think it’s a prelude to splitting up,” Cramer said on “Squawk on the Street.” Cramer, the host of…

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