Leafs improve defence, acquire Jake Muzzin from L.A. Kings

​Growing up in southern Ontario, Jake Muzzin and his friends used to pretend they were their heroes from the Toronto Maple Leafs. Now that he's been traded to Toronto, the veteran defenceman gets to pull on a blue-and-white jersey with his own name on the back. Muzzin was acquired by the Maple Leafs on Monday […]

Nexstar is set to acquire Tribune Media for $4.1 billion

Like it or not, American media consolidation could still be on the way in the wake of Sinclair’s failed bid for Tribune Media. Reuters sources claim broadcasting giant Nexstar Media Group has reached a deal to buy Tribune for about $ 4.1 billion. The deal could be announced by December 3rd, the insiders said. Tribune […]

Google once rejected this founder for a job — but then went on to acquire his first startup and partner with his 2nd

Pointy Irish entrepreneur Mark Cummins is the founder of Pointy, a startup that helps bricks-and-mortar retailers show what they have in stock online. Cummins is a serial entrepreneur and sold his first startup, visual search app Plink, to Google in 2010. Ironically, he was rejected for a job at Google years earlier as a graduate […]

Microsoft confirms it will acquire GitHub for $7.5 billion

The rumors were true: Microsoft has confirmed it’s buying GitHub for a whopping $ 7.5 billion in an all-stock transaction. Reports first emerged last week that Microsoft was in advanced discussions to acquire the code-hosting repository, and these reports intensified over the weekend. Now we know for sure. According to Microsoft, GitHub will a…Read More

Chinese ecommerce giant Meituan-Dianping to acquire bike-sharing startup Mobike

Fledgling bike-share startup Mobike is to be acquired by Chinese ecommerce giant Meituan-Dianping. Terms of the deal were not officially disclosed, but local media reports have pegged the value of the transaction at $ 2.7 billion. Launched in Shanghai back in 2016, Mobike rolled out to dozens of cities across China before going international last ye…Read […]

Salesforce to acquire MuleSoft for $6.5 billion

Salesforce announced today that it has signed an agreement to acquire MuleSoft, a company that makes software to integrate disparate enterprise software systems. The mixed cash and stock deal is worth approximately $ 6.5 billion, according to a press release. The tech titan plans to use MuleSoft’s technology to power a new Salesforce Integrati…Read More

Google and Apple are in a tight race to acquire the most promising AI startups

Artificial intelligence is quickly becoming an integral part of every tech company’s strategy, so it’s no surprise that big firms are ramping up their acquisition of AI startups. M&A activity has already seen a fivefold increase in the number of AI startup acquisitions — from 22 in 2013 to 115 in 2017. While the race is far from […]

$500 Million Deal to Acquire The Weinstein Company Falls Through [Updated]

Update: Despite seemingly being finalized last week, the $ 500 million deal to acquire The Weinstein Company has fallen through (via Variety). It seems that the investors “uncovered new information about previous undisclosed liabilities.” Our original article follows below. After teetering on the edge of bankruptcy, The Weinstein Company sold its assets to an investor group […]

There is a 40% chance Apple will acquire Netflix, according to Citi (AAPL, NFLX)

Getty / BI illustration Citi analysts say that there is a 40% likelihood of Apple acquiring Netflix. Apple will be able to repatriate about $ 220 billion in cash to the US under the Trump tax cut. The company would need only one-third of that to snap up Netflix. There is a 40% likelihood that […]