acquisition

Beme to shut down after acquisition by CNN

Beme to shut down after acquisition by CNN

The video streaming social media app Beme and the company that makes it have been swooped up by CNN. The announcement came from Beme co-founder and CTO Matt Hackett today, and it comes with some bad news for Beme users. According to Hackett, the app will be shutting down on January 31 as the Beme team focuses on new projects under the CNN banner.

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Tesla’s SolarCity acquisition closes after investor approval

Tesla’s SolarCity acquisition closes after investor approval

Tesla and SolarCity are now one and the same. Both companies announced this morning that its acquisition of SolarCity has been finalized, completing a process that began back in August. Tesla revealed late last week that its investors had approved the acquisition, removing the final roadblock in merging the two companies.

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Tesla and SolarCity shareholders approve acquisition

Tesla and SolarCity shareholders approve acquisition

It appears that Tesla and SolarCity will soon be operating as one company. Shareholders from both companies have approved Tesla's acquisition of SolarCity, which was a necessary step for the two to merge. Tesla's plans for acquisition were announced at the beginning of August, and everything seems to be playing out according to the timeline that was originally envisioned.

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Tesla acquires Grohmann Engineering to boost automation and production

Tesla acquires Grohmann Engineering to boost automation and production

As it prepares to ramp up production with the introduction of its Model 3, Tesla has announced plans to acquire Grohmann Engineering. Based in Prüm, Germany, Tesla plans to use Grohmann's approach to automation to help it increase production. This is also the first step toward Tesla adding 1,000 advanced engineering and skilled technician jobs in Germany over the next two years.

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Disney tipped as interested in Twitter again, and very close to buying it

Disney tipped as interested in Twitter again, and very close to buying it

Several companies were interested in buying Twitter in recent weeks, one of them being Disney, though it seemed the potential sale was scraped at some point and serious acquisition bid plans were abandoned. That may not be the full story, though, as sources have now cropped up saying Disney is reconsidering an acquisition of the service, and has progressed so far as to have struck a price late last week. The two companies are reportedly in the process of forming a deal as of now. Even better, Disney allegedly has been working on this 'transaction' for the better part of six months.

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AT&T announces $85 billion Time Warner acquisition

AT&T announces $85 billion Time Warner acquisition

Just as the rumors foretold, AT&T has entered a bid to buy Time Warner. In a stock-and-cash deal, AT&T is offering $85.4 billion, and when Time Warner's debt is taken into account, the total cost of the transaction comes to $108.7 billion. AT&T is expecting the deal to be complete by the end of 2017, assuming the appropriate officials and regulators approve the merger.

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AT&T reported to be nearing $85B Time Warner acquisition deal

AT&T reported to be nearing $85B Time Warner acquisition deal

AT&T is believed to be close to reaching an acquisition deal for telecom giant Time Warner to the tune of $85 billion, according to several sources including Bloomberg and Wall Street Journal. Senior executives from both companies have been said to be holding meetings over the last few weeks, and Time Warner CEO Jeffrey Bewkes has said in the past that they would consider a sale if the right price was reached.

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Razer buys THX: This is why

Razer buys THX: This is why

Razer has bought THX, the latter company’s CEO Ty Ahmad-Taylor announced in a statement this evening. THX will continue to operate largely as it has been, doing so with goals to grow its certification business while continuing along with both THX Live! and THX Inside. However, the company says that things are changing a bit for partners: THX is now offering more certification lines like Bluetooth speakers, set-top-boxes, and more.

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Salesforce walks away from bid to buy Twitter

Salesforce walks away from bid to buy Twitter

A few weeks ago, word got out that Twitter was in the process of seeking buyout offers from a handful of big companies, potentially including Google, Microsoft, Verizon, and even Disney. Unfortunately for the social network, one of the biggest candidates, Salesforce, has revealed that it's "walking away" from any plans to make a serious acquisition bid. In an interview the Financial Times, Salesforce CEO Marc Benioff said that Twitter "wasn't the right fit for us."

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Renault-Nissan teases big things for Mitsubishi in $2.2 billion deal

Renault-Nissan teases big things for Mitsubishi in $2.2 billion deal

It's been a little while since Mitsubishi has been in the news, but that's all changing today, with Renault-Nissan CEO Carlos Ghosn teasing plans for a massive team up between the three companies at the Paris Auto Show. Renault-Nissan is currently looking to pay $2.2 billion to take home a 34% stake in Mitsubishi, and it sounds like Renault-Nissan isn't interested in wasting any time once the deal is confirmed by the appropriate regulatory authorities.

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Verizon looks to cut Yahoo purchase price by $1 billion

Verizon looks to cut Yahoo purchase price by $1 billion

In case you missed it, Yahoo has found itself in a bit of a tough place recently. First came the announcement of an attack that compromised the credentials of 500 million accounts, followed by the more recent reports that the company spied on its users on behalf of the US government. In the face of this bad news, it would appear that Verizon is reconsidering its $4.8 billion deal to buy out Yahoo.

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Disney may be considering a Netflix acquisition

Disney may be considering a Netflix acquisition

Rumor has it Disney is considering acquiring Netflix, something that itself follows reports that Disney was allegedly looking into buying Twitter. The mere existence of the rumor has been enough to push Netflix’s stock over $100/share; whether any such deal, which could be thorny for Disney, will happen is another matter. This speculation follows several months of light rumors that Apple may one day gobble up Netflix.

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