Articles tagged with Acquisition:
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JUL
23
Wall Street Journal,
July 23, 2009 —
Amazon.com Inc., making the biggest acquisition in its 14-year history, said it would buy rival online footwear retailer Zappos.com Inc. for about $847 million in cash and stock.
The Seattle e-commerce giant’s purchase reflects its most serious effort to tap into Internet sales of apparel, the largest online-shopping category and one in which Amazon has had limited success in the past.
OCT
2008
It's a time of huge opportunity and risk for drugmakers. Some with big cash hoards will start snatching smaller players, while others will try to bulk up fast to avoid becoming prey
BusinessWeek,
October 30, 2008 —
Andrew Witty, the new chief executive of giant GlaxoSmithKline (GSK), surveys the wreckage of the global financial meltdown and sees an upside. With pharmaceutical stocks at record lows, it's a good time to acquire biotech companies and other assets that could drive Glaxo's growth for years. Its midsize rival Wyeth (WYE) is also on the prowl—but there's a difference. Faced with a shrinking market valuation, new CEO Bernard Poussot may have to bulk up to ward off larger predators.
Witty and Poussot are two of seven new faces who have taken over at major pharmaceutical companies since 2006. It's a massive changing of the guard, and it comes at a time of both huge risks and irresistible opportunities.
AUG
2008
Budweiser Soared When Its Owners and Agency Took Chances. It Can Happen Again
Advertising Age,
August 11, 2008 —
As un-American as this is going to sound, maybe the best thing that could have happened to the would-be King of Beers' parent company is to be acquired by a Belgian-Brazilian multi-/mega-brewer that, despite honeymoon promises to the contrary, should indeed turn its marketing upside down.
FEB
2008
By Karen Woon,
February 8, 2008 —
Does Microsoft CEO Steve Ballmer yodel? It’s a fair question to ask as the software giant’s $44.6-billion play for Yahoo, the No. 2 search engine on the Internet, is rejected — for now.
Microsoft’s interest is easily understood. The company wants to move beyond software and into enhanced online services at a time when Yahoo! is struggling against the larger, richer Google for traffic and advertising revenues. Microsoft would bring enormous financial muscle in the battle for eyeballs and ads.
... continue reading
JUN
2007
Other Carriers' Customers Appear Itching to Switch to Obtain Apple's Gadget
Wall Street Journal,
June 15, 2007 —
AT&T Inc. stands a good chance of stealing customers away from other wireless operators by carrying Apple Inc.'s highly-anticipated iPhone, two new consumer surveys show.
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