Wang Jianlin, head of Dalian Wanda Group, agreed to buy the Ironman Triathlon races organizer in a deal amounting to $650 milion. The deal was announced Thursday in a move for Asia's richest man to diversify his sports fortfolio. The developer also mentioned the possibility of another sports related purchase before the year ends.
Deals
Alpine Valley Bread will become a subsidiary of Flowers Foods Inc.
Flower Foods Inc. has made the decision to acquire Alpine Valley Bread Company which is a family-owned natural bread producer for $120 million in cash and stock as reported by Source Media.
Aerojet Rocketdyne Offers United Launch Alliance $2 Billion
Aerojet Rocketdyne Holdings Inc reportedly made a $2 billion offer to United Launch Alliance, the prime spacecraft launch service provider of Pentagon jointly owned by Boeing Co. and Lockheed Martin Corp.
Blackberry Buys Rival Good Technology for $425M, Expecting $160M Revenue from the Acquisition
BlackBerry Ltd announced Friday that it acquired Good Technology for $425 million to improve its position in the Apple world. BlackBerry expects to earn $160 million in revenue during the first year after the acquisition, which will close on November. This is according The Daly Mail UK. BlackBerry's shares listed in Toronto saw a 1.1 percent spike at C$7.97 in early during the trade. BlackBerry Chief Executive John Chen promised that their cash flow would remain positive overall. He said he sees a lot of opportunity to drive value for the company's stakeholders.
Boeing flexes its muscle to control supplier power
The $37B worth deal of Berkshire Hathaway Inc. with Precision Castparts Corporation, a major aircraft parts supplier of Boeing had encouraged more investors in the aircraft industry. However, Boeing had been delaying its suppliers' M&A contracts.
Latest News
Schlumberger had announced conclusive merger agreement with Cameron in which both companies shall combine in a stock and cash transaction. The agreement was unanimously confirmed by the boards of directors of both companies on Thursday.
AOL recently acquired Ashe Avenue, its second acquisition after being acquired by Verizon. AOL also acquired Velos, a predictive analytics startup group that they also almost immediately shut down.
The Pentagon has decided to dispose of its ancient Humvees with a new fleet of trucks for combat. They tested out prototypes from AM General LLC, Lockheed Martin Corp and Oshkosh Corp in January.
Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.5 million. The decision to sell off its non-core businesses is in line with their goal to take care of its accumulated debts.
In a move that will strengthen the leadership of Oracle Marketing Cloud, Oracle (NYSE: ORCL) has acquired Maxymiser, a New York-based provider of cloud-based software for mobile marketing.
Adidas extended its contract with Indiana University for the next eight years, giving IU $6.7 million annually, which is twice the amount compared to their previous deal. The deal worth $53.6 million in total is good until 2024. The ten-year previous contract between IU and Adidas will end after this academic year.
It's more than a year ago when Disney acquired popular YouTube network for $500 million yet it seems the deal was not really as big as it appeared to be. The deal includes an outstanding offer of another $450 million to Maker if the latter meets certain milestones.
Online publication BuzzFeed announced on Tuesday that NBCUniversal agreed to invest $200M for the website to expand on movies and TV.
KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to file for Chapter 11.
