acquisition

Walmart announced an agreement to buy Vizio today. Irvine, California-based Vizio is best known for lower-priced TVs, but its real value to Walmart is its advertising business and access to user data. Walmart said it's buying Vizio for approximately $2.3 billion, pending regulatory clearance and additional closing conditions. Vizio can also terminate the transaction over…

Hostess stock climbed roughly 19% Monday, while JM Smucker declined as much as 8%. Jelly company Smucker agreed to acquire the Twinkie maker for $5.6 billion. Hostess investors will receive $30 in cash, and 0.3002 share of Smucker's stock for each share of Hostess they owned. Loading Something is loading. Thanks for signing up! Access…

Enlarge / Drop has made some pretty expensive keyboards, like this $349 Islay Night that is no longer in stock. Scharon Harding Corsair is acquiring Drop, the companies announced today. Corsair is already the parent company of other gaming peripherals and PC brands it previously acquired, including Elgato and Origin PC. The latest acquisition adds…

Musk has sold 19.5 million Tesla shares worth nearly $4 billion, days after closing his acquisition of Twitter, per regulatory filings.  Musk sold $20 billion worth of Tesla shares since he disclosed his stake in Twitter in April, per Reuters. Tesla's share price is down about 52% this year so far. Loading Something is loading.…

Twitter could start charging for blue verification badges as early as next week, per Bloomberg. It will be part of a subscription plan that costs $8 each month. Elon Musk has been moving quickly to generate revenue at Twitter, after his $44 billion acquisition. Loading Something is loading. Thanks for signing up! Access your favorite…

40 nonprofits and advocacy groups sent a letter to top Twitter advertisers in light of Musk's takeover. The groups said brands like HBO and Amazon should push Musk to embrace content moderation or suspend their ads. Musk has expressed contempt for both ads and moderation and said he aims to decrease Twitter's reliance on ad…

Elon Musk's offer to purchase Twitter for $44 billion is far more than what the company is actually worth, Kevin O'Leary said. "I don't think it's worth $10 billion," O'Leary said to CNBC, emphasizing the need for new management in the company. He urged Musk to "get out the whacking stick" and start fresh with…

Amazon's $1.7 billion acquisition of iRobot is being closely looked at by the Federal Trade Commission, the maker of Roomba robot vacuum cleaners said in a new filing published Tuesday. "On September 19, 2022, iRobot and Amazon each received a request for additional information and documentary materials" on the merger, said the notice, which was filed…

Lawyers for Musk last week demanded that documents from 22 Twitter employees be handed over. The judge overseeing the case ordered documents from just one employee, Kayvon Beykpour. Musk is now seeking more information on data through an additional motion filed confidentially. Loading Something is loading. Elon Musk will receive some of the extra information…

Elon Musk is commenting on his decision to abandon his bid to buy Twitter by posting memes ... on Twitter.Musk's lawyers informed the Securities and Exchange Commission Friday that the Tesla billionaire wishes to abandon his proposed acquisition of Twitter.Musk agreed to buy Twitter in April for $44 billion. Twitter said in a statement Friday…