What AbbVie’s $63 Billion Deal to Buy Allergan Says About the Drug Industry

AbbVie announced on Tuesday that it will buy Allergan in a deal valued at about $63 billion, a 45% premium on Allergan’s most recent closing stock price. The proposed M&A will be one of the largest health care mergers of the year and bring together a portfolio that includes AbbVie’s Humira, the world’s best-selling drug, […]

Carl Icahn Backs Eldorado Resorts’ $8.6 Billion Deal for Caesars Entertainment

Eldorado Resorts Inc. is buying Caesars Entertainment Corp. for about $8.58 billion in a deal backed by activist billionaire Carl Icahn that will create the largest U.S. gaming operator. The agreed equity value of $12.75 a share — in a mix of cash and Eldorado stock — represents a premium of about 28% to Caesars’s […]

Amazon Possibly Buying Boost From Sprint and T-Mobile Is Confounding the Mobile Industry

As the regulatory review of Sprint and T-Mobile’s controversial merger nears its end, the wireless market may be experiencing some fevered dreams. But it’s still possible that consumers will come out the winners. While a majority of the Federal Communications Commission was ready to allow the two smallest major wireless carriers to combine, staff in […]

5 Reasons Why the Sprint-T-Mobile Merger Looks Headed for Approval

Just over a year ago, T-Mobile, the third-largest wireless carrier, announced plans to acquire Sprint, the fourth-largest carrier. In the Obama era, regulators stepped in multiple times to prevent the U.S. wireless market from shrinking to just three major players via consolidation. But on Monday, Trump-appointed Federal Communications Commission Chairman Ajit Pai said he would […]

Data Sheet—How Tech Companies Like Amazon Are Reaching for New Markets

Never has the notion of swimming outside one’s lane been so exciting. Accenture, the spawn of Arthur Andersen turned consultant turned marketing guru is buying Droga5, a buzzy advertising agency. Odd fit? Maybe. But consultants increasingly have been veering into the business of marketing. Clients that need IT strategies need marketing strategies that happen to […]

Okta Says It Will Acquire Workflow Automation Startup for $52.5 Million

Okta, an identity-focused tech firm, said while reporting earnings Thursday that it plans to acquire Azuqua, a workflow automation startup based in Seattle, for $52.5 million in cash. Todd McKinnon, Okta’s chief executive, told Fortune the acquisition would not be material to revenues for the quarter, but that the acquisition “will have a huge impact […]

Is Warren Buffett Buying Southwest Airlines? Possibility Pushes Stock Up 4%

A few days after Warren Buffett told Berkshire Hathaway shareholders that the company is hoping to make “an elephant-sized acquisition,” investors have begun to speculate on what big game Buffett has in mind. The most likely candidate right now: Southwest Airlines. Southwest’s stock, which lists under the ticker LUV, rose 4.1% Thursday to $56.04 a […]