Mergers & Acquisitions

West and Zampella wanted the similar deal as Bungie?

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.

Charles River, WuXi ink $1.6B acquisition deal

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.

Morgan Stanley to handle sale of Treasury's stake in Citigroup

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.

UPDATE: China’s Geely buys Volvo for $1.8 bln

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.

Geely, Ford close to inking Volvo acquisition deal

Zhejiang Geely Holding Group is all set to ink a deal with Ford Motor Co. to acquire its Sweden-based Volvo car unit.

Time Warner to bid $1.5B for MGM

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.

Teva wins race to acquire German-based Ratiopharm

Ending almost a yearlong battle to takeover German generic drugmaker Ratiopharm GmbH, Israel's Teva has emerged as the winner.

Simon revising takeover bid for General Growth

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.

Phillips-Van Heusen to finalize deal with Tommy Hilfiger

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.

BP to buy $7bn assets from Devon

BP Plc, Europe’s largest oil company, will buy Brazilian, Azeri, and Gulf of Mexico assets from Devon Energy for a total cost of $7 billion, the company announced Thursday.

AIG's $15.5bn sale to MetLife raises US stocks

U.S. stocks rose on Monday after American International Group Inc. announced the sale of its unit Alico along with Sprint Nextel Corp to MetLife Inc. for $15.5 billion. The deal was made to augment revenue growth in the coming quarters.

Elliot offers to buy Novell Inc. for $2bn; Novell stock surge

Investment firm Elliott Associates LP offered to buy the business of Novell Inc. for $2 billion on Tuesday. Shares of Novell jumped 28 percent after the news.