Walmart is buying 49 percent of Yihaodian's stake, an e-commerce website based in China. This is part of Walmart's fundamental plan to distribute its products to Chinese consumers through its online service.
Deals
H&H Group acquired John Swan & Sons for £8.2M; shares soar by 15%
John Swan & Sons' shares went up by 15 percent prior to H&H Group's £8.2m acquisition, about 1,350p per share of the livestock business.
Disney may sell ESPN as a standalone service
ESPN, the top sports network on cable, could be sold as standalone to its subscribers in the future, but not so soon. Analysts say that it would be too expensive to watch ESPN shows if it would be sold on standalone.
Google offered $200 to $300M to Impossible Foods for plant-based cheeseburgers
Google offered $200 to $300 million to acquire Impossible Foods, a startup business, developing plant-based meat and dairy products. The company that wanted to beat the meat industry didn't agree on the price.
Teva to buy Allergan generic drug business for $40.5 billion, drops Mylan bid
Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms.
Latest News
German auto makers consortium composed of Audi, BMW, and Daimler, parent company of Mercedes-Benz, is reportedly in the final stages of discussion to acquire Nokia HERE, the mobile company's map app, for roughly €2.5 billion or $2.7 billion.
Ontario-based BlackBerry Ltd has decided to acquire AtHoc to enhance its software offerings and increase its revenue. California-based AtHoc is a privately-held provider of secure, networked crisis communications.
Tom Wheeler, the chairman of the Federal Communications Commission declared that he's supporting the $48 billion merging of AT&T and DirecTV. Though, the approval from five of his colleagues is still pending.
Lockheed Martin Corp (LMT.N) said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp (UTX.N), for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses.
Startup Tech Company Twilio sent out letters offering to repurchase stocks, which can be considered a big step that suggests it may finally go public.
Delta Air Lines Inc (DAL.N) has offered to invest in Japan's bankrupt Skymark Airlines Inc (SKALF.PK) as part of a restructuring plan for the budget carrier, according to a Japanese media report.
U.S. insurance regulators and state attorneys general are lining up to scrutinize Aetna Inc's proposed $33 billion takeover of rival Humana Inc for potential harm to consumers, complicating what is already expected to be a tough and lengthy review by federal antitrust authorities.
Teva Pharmaceutical Industries Ltd (TEVA.TA) is preparing to raise its bid for rival drugmaker Mylan NV (MYL.O) by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter.
Formula One's commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters on Saturday.
