Adevinta To Buy EBay Classifieds In $9.2 Bln Cash, Stock Deal; Stock Up

Shares of Adevinta ASA gained around 39 percent after the Norway-based online classifieds specialist agreed to acquire the Classifieds business of eBay Inc. in $9.2 billion cash and stock deal. The transaction, which would create the world’s largest online classifieds company, will also make eBay the largest shareholder of Adevinta. Shares of Schibsted ASA, which owns majority of Adevinta, also […]

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‘America To Continue To Benefit From Competition Between Post And TreeHouse’

Consumer packaged goods holding company Post Holdings said it terminated the agreement to acquire TreeHouse Foods, Inc.’s ready-to-eat or RTE cereal business. The company’s decision comes after the Federal Trade Commission or FTC filed a complaint against the proposed deal in December 2019, alleging that the deal will harm competition. According to the FTC, the acquisition would give Post more […]

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Refinery29 Being Bought By Vice Media

Vice Media Group, a digital media company focused on youth entertainment and culture, has agreed to acquire Refinery29, an online publisher catering to millennial women. Financial terms of the transaction were not disclosed. The deal was signed in New York on Wednesday by Vice Media CEO Nancy Dubuc and Refinery29 Co-CEOs Justin Stefano and Philippe von Borries. The transaction is […]

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Viacom Q1 Adj. Profit Beats View, But Revenues Miss

Viacom Inc. (VIAB,VIA) on Tuesday reported a 40 percent decline in profit for the first quarter from last year as a slight increase in revenues was more than offset by higher expenses. However, adjusted earnings per share topped analysts’ expectations, while quarterly revenues missed their estimates. Looking ahead, Viacom said it is progressing toward a return to topline growth in […]

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Dropbox To Buy HelloSign For $230 Mln In Cash – Quick Facts

Dropbox Inc. (DBX), a global collaboration platform, said Monday that it has entered into a definitive agreement to acquire HelloSign, an eSignature and document workflow platform with more than 80,000 customers. Dropbox said it expects the acquisition to improve document workflows for hundreds of millions of Dropbox users. Under the terms of the agreement, San Francisco, California-base Dropbox will acquire […]

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Euronext Makes EUR 625 Mln Takeover Bid For Oslo Bourse

Euronext N.V. (ENXB.BE,ENX.BR,ENX.AS,ENX.PA), said Monday that it has made a takeover bid of 625 million euros, or $713 million, for Oslo Børs VPS Holding ASA, the Norwegian Stock Exchange headquartered in Oslo. Euronext, a pan-European group managing the national stock exchanges of five European countries, has approached Oslo Børs’ board of directors to seek its support for the cash tender […]

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