Mergers & Acquisitions | featured news

MySpace is close to acquiring popular social music service iLike, we've confirmed with multiple sources. The deal, which should close this week, will be MySpace's first acquisition since new CEO Owen Van Natta took control of the company in April 2009.

Investors on Friday firmly endorsed an Australian dollars 3.5 billion plan for Yanzhou Coal to buy Felix Resources Ltd. in what would be China's biggest investment yet in the Australian minerals sector.

Everyone is obviously talking about the Facebook/FriendFeed deal, but everyone wants to know one key detail: How much did Facebook pay?

IBM plans to buy business analytics company SPSS Inc for $1.2 billion in cash to better compete with Oracle Corp. and SAP AG in the growing field of business intelligence.

Amazon says it has reached an agreement to purchase online shoe retailer Zappos.com.

Citigroup Inc, one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.

Former Treasury Secretary Henry Paulson says he was justified last year in suggesting that Bank of America Corp.'s chief executive could lose his job if the bank backed out on plans to buy troubled Merrill Lynch.

Former Treasury secretary to deny government used pressure in Merrill, Bank of America merger.

As the media world's most powerful figures gather in Sun Valley, Idaho to discuss the state of the industry the topics are likely to range far and wide. But aside from subjects like the economy and the influence of the internet, one question is likely to dominate conversations among the event's moguls and millionaires: will anyone broker a deal to buy Twitter?

J&J agreed to buy an 18.4% stake in Elan for $1 billion and acquire the rights to much of the Irish biotech company's research into drugs for Alzheimer's disease.