acquisition

eBay plans to sell its classified ads arm to Norwegian e-commerce firm Adevinta as it strips away segments outside its core online marketplace, a new report says. The two companies are close to a deal that would see Adevinta buy eBay’s classifieds business in a cash-and-stock takeover that could be announced as soon as Monday, …

Satellite radio giant SiriusXM said Monday that it is buying podcasting platform Stitcher from broadcaster E.W. Scripps for $325 million. Sirius had been in talks for weeks to acquire the platform, which owns a handful of podcast networks that produce shows like “Freakonomics Radio,” “My Favorite Murder” and “Conan O’Brien Needs a Friend.” The deal …

Analog Devices is buying rival chipmaker Maxim Integrated Products for about $21 billion, the companies announced Monday. The massive all-stock acquisition will make Massachusetts-based Analog a semiconductor giant valued at more than $68 billion and give it a stronger foothold in markets such as autonomous vehicles and 5G communications networks. Both companies make integrated circuits …

Amazon has agreed to buy California-based self-driving startup Zoox in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its delivery network. The world’s largest online retailer has stepped up its investment in the car sector, participating in self-driving car startup Aurora …

Cineplex, the embattled Canadian movie theater chain, is playing defense. Closing its doors because of the pandemic months ago, Cineplex has adopted a ‘poison pill’ or a stockholder rights plan,’ which is a defensive action against hostile and low-priced takeover attempts that take advantage of weakened stock prices. The Toronto-based company said its three-year plan …

Facebook’s recent acquisition of Giphy is facing scrutiny across the pond. The social networking giant last month announced that it was buying the popular GIF-slinger in a deal worth $400 million with the intention of more closely integrating it with its own family of apps, setting off alarm bells for Britain’s competition watchdog. Though there …

Comedian-turned-media mogul, Byron Allen and Comcast settled their long-running racial discrimination lawsuit that went all the way to the Supreme Court  over the cable giant’s decision to not air Allen’s cable channels. On Thursday, Comcast agreed to carry three of Allen’s seven cable channels — Comedy.TV, Recipe.TV and JusticeCentral.TV. The pact also amended the terms …

After making billions on the pandemic in March, Bill Ackman is on the lookout for a new investment. The founder and CEO of Pershing Square Capital Management has reportedly filed for what’s known on Wall Street as “a blank-check IPO” — or a public offering meant to raise money for an acquisition or merger. In …

A group of financial lenders is angling to acquire Cirque du Soleil in a possible bankruptcy reorganization — and they may partner with its charismatic co-founder, The Post has learned. The cash-strapped circus — which was forced in March by the coronavirus pandemic to shutter dozens of shows in cities worldwide — on Monday got …

AstraZeneca has approached Gilead Sciences about a massive merger that would combine two companies leading the pharmaceutical industry’s battle against the coronavirus, a report says. The British drugmaker reached out to California-based Gilead last month about whether it would be interested in merging, Bloomberg News reported Sunday. But there are no formal talks and Gilead …