ConocoPhillips to purchase shale rival Concho for $9.7 billion; shares down
ConocoPhillips (NYSE: COP) announced its plans to acquire its major shale rival Concho Resources (NYSE: CXO) for $9.7 billion in an all-stock transaction.
The stock price...
Clover Health attracts Chamath Palihapitiya with AI, inks $3.7 billion SPAC deal
Chamath Palihapitiya, the Canadian-American billionaire venture capitalist disclosed his newest target, Clover Health Investments, a Medicare Advantage insurance provider backed by Alphabet (GOOGL: NASDAQ).
On...
Chevron-Noble deal finalized with 90 percent shareholder approval
After months of prolonged talks, Noble Energy's shareholders voted with a sweeping majority of 90% to approve Chevron's $4.1 billion all-stock transaction to take...
Bristol Myers Squibb to Acquire MyoKardia for $13.1 Billion
Bristol Myers Squibb (NYSE: BMY) announced that it will buy MyoKardia Inc. (NASDAQ: MYOK) for $13.1 billion or $225 per share in cash. The...
Controversial former Uber VP Emil Michael files for $250M blank check company
Emil Michael, former Senior Vice President at Uber Technologies (NYSE: UBER) formed a $250 million blank check company also known as a special purpose...
Playboy Going Public Again After SPAC Deal
Playboy Enterprises, Inc. is hoping to arouse investors in a new way in the not too distant future.
Founded in 1953 by sex symbol Hugh...
Devon Energy enters into talks with WPX over $6 billion merger deal
Devon Energy Corp (NYSE: DVN) reportedly entered into talks with WPX Energy Inc (NYSE: WPX) over a possible $6 billion all-stock merger between the...
Warren Buffett’s Berkshire Hathaway believes E.W. Scripps can deliver long-term value to shareholders
Berkshire Hathaway, the multinational conglomerate controlled by legendary billionaire investor Warren Buffett, invested $600 million in E.W. Scripps Company (NASDAQ: SSP), the fourth-largest independent TV...
Peter Thiel starts a $575 million SPAC called Bridgetown Holdings
Peter Thiel, co-founder of PayPal Holdings, Inc. (NASDAQ: PYP) and Palantir Technologies is involved in a new special purpose acquisition company (SPAC).
Thiel is known...
Microsoft to buy ZeniMax Media for $7.5 billion
Microsoft Corporation (NASDAQ; MSFT) announced its plan to purchase ZeniMax Media and its game publisher Bethesda Softworks for $7.5 billion.
The price tag acknowledges that Bethesda...
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FTC sends refunds to victims of credit card debt relief schemes
Victims of certain credit card debt relief schemes will receive refunds, according to the Federal Trade Commission (FTC).
The federal consumer protection watchdog said it...
