In what can be termed as a deal to give rise to the world's largest airline in terms of traffic, United Airlines and Continental Airlines Inc. have reached negotiations and agreed to a merger worth $3 billion, according to sources familiar with the matter.
As per Los Angeles Times report, the 10-year publishing and distributing deal Activision signed with Bungie is similar to what its former developers Jason West and Vince Zampella were negotiating for before getting fired last month.
In a cash and stock transaction valued at approximately $1.6 billion, pharmaceutical-research company Charles River Laboratories International is all set to acquire Chinese drug-research contractor, WuXi PharmaTech.
The Treasury Department announced on Monday that investment banking firm Morgan Stanley will handle the sale of government’s stake in Citigroup Inc. A Treasury spokesperson said that the agreement would be made public later this week.
Chinese carmaker Zhejiang Geely Holding has signed a deal to buy the troubled Volvo Cars from U.S. auto giant Ford for $1.8 billion.
Zhejiang Geely Holding Group is all set to ink a deal with Ford Motor Co. to acquire its Sweden-based Volvo car unit.
In a move to take over the struggling Metro-Goldwyn-Mayer Inc. (MGM), Time Warner Inc. is planning to bid $1.5 billion for MGM studios.
Ending almost a yearlong battle to takeover German generic drugmaker Ratiopharm GmbH, Israel's Teva has emerged as the winner.
In a move to overcome the plan proposed by rival General Growth investors, Simon Property Group is considering to raise its $10 billion offer to takeover General Growth Properties.
Retail apparel giant Phillips-Van Heusen Corp. is almost close to finalizing a deal with fashion brand Tommy Hilfiger for roughly $3 billion, according to people familiar with the matter.