Biz/Tech
Canadian Pension Funds to Acquire Chicago Skyway Toll Road, Fits Well with The Pension Funds' Strategies
Hulu in Talks to Sell a Stake to Time Warner, Advance its Efforts to Compete with Netflix and Amazon
Hulu is looking to sell a stake to Time Warner Inc., part of a deal that would value the company at more than $5 billion, people familiar with the matter told The Wall Street Journal. The move would allow Hulu to advance its efforts to compete against Netflix, Inc. and Amazon.com, Inc.
Latest News
Airbnb Pledges to Work Together with Cities, Be More Transparent, Pay Fair Share of Taxes
Airbnb said in a blog post that the company is planning for greater cooperation with cities with its new Airbnb Community Compact policy. Under the new policy the company is planning to be more transparent and pay its fair share of taxes.
IAC Offers to Acquire Angie's List, Angie's Board to Review and Evaluate the Offer
InterActiveCorp (IAC) has proposed to acquire all of the outstanding shares of Angie’s List, Inc. common stock for $8.75 per share, according to IAC’s press release published in PR Newswire. The transaction proposed would be structured as an all-cash deal, however, IAC is also considering a combination of Angie’s List with IAC’s HomeAdvisor business through a tax-free stock-for-stock exchange.
Tenable Network Security Raises $250 Million in Funding Round, Will Accelerate Company's Long-Term Global Growth
Tenable Network Security, one of the leading global providers of next-generation cyber security software, has announced in a press release a $250 million Series B funding round led by Insight Venture Partners and Accel. The investment, which is one of the largest funding rounds completed for a private security company, is expected to accelerate Tenable’s long-term global growth.
United Bankshare to Acquire Bank of Georgetown, Enhance Existing Footprint in DC Metro Region
United Bankshares, Inc. announced in a press release that it will be acquiring Bank of Georgetown, a privately held community bank, for approximately $269 million. The acquisition will strengthen United Bankshares’ franchise and enhance its existing footprint in the D.C. Metro region.
Yahoo Hires McKinsey & Co., Will Help Company Decide which Units to Shutter, Sell or Invest More
Yahoo Inc. has hired McKinsey & Co., a global management consultant firm, to help the company, people close to the situation told Re/code. The consultant firm will help Yahoo decide on which unit will it shutter, sell or invest more in.
Canadian Pacific to Explore Takeover of Norfolk Southern, Attempting to Consolidate the North American Railroad Industry
Canadian Pacific Railway Ltd. is exploring a takeover of U.S. carrier Norfolk Southern Corp., people familiar with the matter told Bloomberg. The move is an attempt to consolidate the North American railroad industry.
Singapore Airlines to Buy Remaining Shares of Tiger Airways, Plans to Delist, Privatize Airline
Singapore Airlines (SIA) has announced in a press release that it is launching a voluntary conditional general offer for all the shares of Tiger Airways that it does not already own. SIA, who currently owns 55.8 percent of Tiger Airways, plans to delist and privatize the budget airline through the offer.
Weyerhaeuser to Buy Plum Creek, Create World's Premier Timber, Land and Forest Products Company
Weyerhaeuser Company, one of the world's largest private owners of timberlands, has announced in a press release that it would be acquiring Plum Creek Timber Co. The combination of the two companies would create the world’s premier timber, land and forest products company.
Alibaba Acquires Youku Tudou, Looking to Stream More Content to Chinese Internet Users
Alibaba Group Holding Limited announced in a press release that it will be acquiring Youku Tudou, Inc. in an all-cash transaction. Jack Ma, the founder and executive chairman of Alibaba Group, is looking to stream more content to Chinese Internet through Youku.