Cumulus Media Inc. confirmed it is in exclusive talks to buy Citadel Broadcasting Corp for $37 a share in cash and stock, valuing the company in excess of $2 billion.
Cash is a “dead asset,” which earns nothing, and mergers and acquisitions (M&A) is in, said Gary Parr, vice chairman of investment bank Lazard and one of the leading authorities in the world on M&A.
U.S. Stocks climbed, supported by some solid earnings reports and a number or M&A deal-making, as the Dow and S&P 500 reached 31-month highs.
China's new review body for inward M&A could bring some much-needed transparency to the deal approval process and even make it quicker for foreign companies to get tie-ups with mainland firms past the authorities.
Stock index futures rose on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
The Chinese Cabinet has announced that it will constitute a panel to look into foreign acquisitions of local companies.
Dili is the capital of East Timor or Timor Leste, one of the world's newest nations, and is slowly beginning to attract tourists nearly nine years after gaining independence. Reuters correspondents with local knowledge help you get the most out of a short stay.
Micro blogging giant Twitter is said to have held low level acquisition talks with Google Inc. and Facebook.
Micro blogging giant Twitter is said to have held low level acquisition talks with Google Inc. (Nasdaq: GOOG) and Facebook.
Benchmark Capital said the sale of retailer Big Lots (NYSE: BIG) appears possible and private equity buyers could target the company, after Bloomberg reported that Big Lots is exploring strategic options.
Super Bowl XLV scored with viewers, tying for the highest-rated National Football League championship game according to overnight television ratings released Monday by Fox.
After a record-setting season for TV ratings, Nielsen believes that Super Bowl XLV may have been the highest rated TV program in history.
U.S. stock index futures edged higher on Monday as merger activity and expectations for solid earnings overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
Freshfields Bruckhaus Deringer and Linklaters have topped the list of legal advisers to European mergers and acquisitions (M&A) by value and volume in 2010, according to Legal Week.
The younger sister of the Olsen twins is in two films showing at the festival
iPhone maker Apple was criticized by Chinese green groups for lax corporate oversight of its suppliers in China, leading to poor environmental and work safety standards that poisoned dozens of factory workers.
Mergers and acquisitions activity in sub-Saharan Africa surged to a record $44 billion in 2010, double the value of a year earlier, Thomson Reuters data showed on Wednesday.
Two students at Gardena High School in southern California were shot this morning, when a gun concealed by a third student accidentally discharged, according to an official with the Los Angeles Unified School District.
Search giant Google has acquired start-up firm eBook Technologies Inc. for an undisclosed sum, a move that is likely to boost its recently launched eBook store.
Haitians, many dressed in white in mourning, honoured victims of the devastating 2010 earthquake on Wednesday in a sombre anniversary clouded by pessimism over slow reconstruction and political uncertainty.
Big players of the U.S. technology sector, who are flush with cash and looking to expand their horizon, returned to the merger and acquisition space this year after recovering from the 2009 recession.
Teena Marie, the first white to sing for Motown, and R&B singer dies in her sleep
