Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.
Category: Mergers, Acquisitions and Divestitures
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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.
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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.
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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.”
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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.
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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.
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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.
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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.
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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.