mergers & acquisitions

CVS to buy Medicare business of Universal American

CVS Caremark Corp. says it will pay $1.25 billion to Universal American Corp. for its Medicare prescription drug services unit.

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FCC chairman seeks conditions on Comcast, NBC deal

The head of the Federal Communications Commission proposed regulatory conditions Thursday to ensure that cable giant Comcast Corp. cannot stifle video competition once it takes control of NBC Universal....

Disney Sells Miramax to Investors

Walt Disney Co.'s $660 million sale of Miramax Films to a group of investors closed Friday, finally ending the drama in which the entertainment giant struggled to find a buyer for the art-house studio.

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Wells Fargo to Pay Citi $100 Million

Wells Fargo agreed to pay $100 million to Citigroup to settle all claims related to its $15-billion deal to acquire Wachovia in the midst of the financial crisis.

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Tina Brown to Run Newsweek in Daily Beast Merger

Tina Brown is back in the world of print. After a brief and interrupted dalliance, Newsweek, the 77-year-old magazine, and The Daily Beast, Ms. Brown’s two-year-old Web site, have decided to put their cultural differences aside and join forces.

Senh: This is a strange deal. I'm not sure if it's a win-win for both. It's more of a win for The Daily Beast. Newsweek is worth a lot more than The Daily Beast, but the merger would make both equal. The Daily Beast isn't gonna "power" Newsweek's growth because it only less than half of Newsweek's web audience. If anything, it'll be the other way around. Smells like the AOL/Time Warner deal during the internet's glory days, except in a smaller scale.

Report: AOL, buyout firms mulling bid for Yahoo

Yahoo's inability to snap out of a financial funk may be about to turn the Internet company into a takeover target for the second time in less than three years.

Lions Gate Suggests Merger With MGM

Lions Gate has made a merger offer with Metro-Goldwyn-Mayer, a move that has the backing of Carl Icahn, who has financial interests in both movie studios.

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Pfizer to buy King Pharma for $3.6 billion in cash

Pfizer Inc, the world's biggest drugmaker, has agreed to buy King Pharmaceuticals Inc for $3.6 billion, expanding its presence in the market for pain drugs.