Money Matters - Simplified

Mergers & Acquisitions

Auction of the Century: Nortel’s patents sale starts Monday

The Intel Corp. has gained approval from the Justice Department of Federal Trade Commission (FTC) to bid on the pot of around 6,000 patents held by the waning Nortel Networks Corp., a firm that was soaring in the late 1990s.

Go Daddy to be acquired by KKR, Silver Lake

In a deal pegged around $2 billion, the private equity firms KKR and Silver Lake are reportedly in talks to takeover Go Daddy, the world’s largest ICANN-accredited registrar.

Howard Energy Partners set to acquire Texas Pipeline and Bottom Line Services

Howard Energy Partners (HEP) announced today that the company is all set to acquire assets in the Eagle Ford Shale for a total consideration of $76 million.

Eagle Ford Formation which is also known as the Eagle Ford Shale is a formation of sedimentary rock

Oracle acquires FatWire to enhance Cloud Engagement

In a deal likely to strengthen its foothold in cloud management solutions, the Redwood Shores’ Oracle Corporation has acquired FatWire Software, a software manufacturing firm specializing in enhancing users’ Web experience.

Frontier Oil seeks voluntary delisting from New York Stock Exchange

The Frontier Oil Corporation announced on Monday that it has given a notice to the New York Stock Exchange informing about its intention to voluntarily delist from the common stock of the exchange till the closure of the merger of the company with Holly Corporation, the fourth largest refiner in the U.S.

Frontier, which was established as Wainoco Oil in 1949, has grown into a refining and marketing comp

Calpine Closes $360 Million Senior Secured Term Loan

Calpine Corp. (NYSE: CPN) announced today that it has closed on a $360 million first lien senior secured term loan ("Term Loan"). The Term Loan, which amortizes at a rate of 1% per year, bears interest at LIBOR plus 3.25% per annum (subject to a LIBOR floor of 1.25%) and matures in 2018.

Calpine utilized the proceeds of the Term Loan to retire credit agreements totaling $340.4 million b

Capital One acquires ING Direct USA

Aspiring to strengthen its foothold in online banking sector, Capital One Financial Corporation, has acquired ING Direct USA in a $9 billion stock-plus-cash Thursday deal.

Google likely to buy AdMeld for $400mn

Internet search giant Google is in talks to acquire the display advertising company, AdMeld, for around $400 million.

US government exits Chrysler, Fiat gets majority stake

In a deal that would sever Obama administration's link with Chrysler, the U.S. Treasury Department sold its stake in the car manufacturer to Fiat.

Sprint urges FCC to block AT&T and T-Mobile deal

The third-largest U.S. mobile network operator, Sprint Nextel, has asked regulators to block AT&T’s proposed takeover of T-Mobile USA, alleging that the deal would thwart competition and lead to higher prices for the subscribers.