HP taking aim on IBM with risky $13.2B acquisition of EDS

Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp.

Heineken loses fizz through S&N acquisition

Heineken, the giant Dutch brewer which recently bought out Scottish & Newcastle (S&N) in partnership with its rival Carlsberg, today said the £10 billion acquisition had been a drag on first half earnings despite a rising thirst among consumers for its premium brands.

Ballmer: Yahoo acquisition won't happen

Microsoft CEO Steve Ballmer said a Yahoo acquisition is still off the table, despite Yahoo CEO Jerry Yang's decision to step down.

Virgin Mobile formally seals the deal on Helio acquisition

We know, the little possibility that the whole deal could fall apart has been keeping you wide awake for months, but at long last, you can push aside your anxiety and hit the sack. Virgin Mobile USA announced today that it had "completed its acquisition of Helio," and all of the terms put forth on June 27th were used in the final close. Aside from garnering all the necessary regulatory approvals, Helio shareholders SK Telecom and EarthLink have received 13 million shares of Virgin Mobile USA Class A common stock, with a value of around $38 million. It's also noted that both SK Telecom and Virgin Group will each invest a cool $25 million in Virgin Mobile USA for preferred shares. And then, there was one.Read | Permalink | Email this | Comments

Analyst: Cablevision not seeking acquisitions

Cablevision Systems Corp. executives met with major shareholders this week to talk about strategic options for the company, but while many alternatives remain open they are not seeking to go private again or mount another major acquisition, an analyst said.

Russian steelmaker completes Esmark acquisition

Russia's OAO Severstal has completed its acquisition of Esmark Inc. for $775 million, plus the assumption of debt and loans, the companies announced Tuesday. That puts the total value of the deal at around $1.25 billion.