Category: Mergers, Acquisitions and Divestitures

Amazon Reports $148 Billion in Second Quarter Sales

The e-commerce giant’s stock dipped about 5 percent in after-hours trading after lower-than-expected guidance.
The Stranger in Seattle Gets a New Owner, With Plans for Expansion

Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.
Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban

In its first detailed response to a legal challenge, the agency said TikTok’s proposed changes wouldn’t prevent China from using it to collect U.S. users’ data or spread propaganda.
Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off

Google’s parent company narrowly topped revenue and profit expectations, driven by its search engine and cloud unit, and it said A.I. investments were “driving new growth.”
Google’s Plan to Buy Wiz for $23 Billion Falls Apart

Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.
Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal

Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.
From the Playing Field to Wall Street

For more than 200 pro athletes, the boutique investment firm Patricof Co. is opening the door to the private equity market.
Goldman Sachs’s Revamp Takes Shape With Another Profit Haul

The Wall Street investment bank earned $3 billion in the second quarter, more than double the tally from a year earlier.
Google Close to Its Biggest Acquisition Ever, Despite Antitrust Scrutiny

The search giant’s negotiations to buy Wiz, a cybersecurity start-up, for $23 billion, come as the Biden administration has taken a hard line against consolidation in tech and other industries.
Google Readies $23 Billion Deal for Wiz, a Start-Up, Despite Antitrust Scrutiny

The deal to acquire the cybersecurity company would easily be Google’s most expensive acquisition.
How Microsoft’s Satya Nadella Became Tech’s Steely Eyed A.I. Gambler

Microsoft’s all-in moment on artificial intelligence has been defined by billions in spending and a C.E.O. counting on technology with huge potential and huge risks.
How Beautycounter Fell Apart, Sinking Almost $700 Million With It

When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.