Mergers valued at $2 trillion total in 2018

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppIf you’ve been keeping up with the news recently, you may be thinking, “Wow, it seems like there are a lot of mergers happening.” If that is the case, you are correct. In a little under half a year, companies have spent over $2 trillionin deals. Firms are on pace to top the record-high $4.7 trillion spent on deals in 2015. Here are a few examples that have sparked this monstrous number: Sprint and T-Mobile merged for $26 billion, Cigna is buying…

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Sony acquires EMI Music Publishing for $2.3 billion

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppThere’s a new music publishing leader in town EMI Music Publishing owns the rights to over 2 million songs, including works by Kanye West, Alicia Keys, Queen, and Pharrell Williams. Sony’s own catalog already includes 2.3 million tracks, including work by the Beatles. This $2.3 billion acquisition will bump their portfolio up to 4.5 million songs, making them the largest music publisher. Sony had already owned a 30% stake in EMI, but this deal will bring that figure up to 90%, buying…

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Adobe acquires e-commerce firm Magento for $1.68 billion

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppIn order to compete against e-commerce giants Salesforce and Oracle, Adobe bought Magento for $1.68 billion on Monday. This is Adobe’s third-largest deal ever, and it is an important one in expanding their brand. Adobe announced on Monday that they hope to grow their e-commerce platform, creating an end-to-end system with online customer support. And Magento will allow it to do just that – it runs web stores, manages purchases, and fulfills shipping orders. Its biggest customers include Jaguar, Rosetta Stone, Coca-Cola,…

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Barack and Michelle Obama Sign 8-figure Deal with Netflix

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppBarack and Michelle Obama are the newest creatives at Netflix The former President and First Lady will soon be adding “film-producer” to their resumes. Video streaming leader Netflix announced on Monday that Barack and Michelle Obama have signed a multiyear deal to produce original content. According to Netflix, this includes “scripted series, unscripted series, docu-series, documentaries, and features.” Many conservative Netflix-users have shown backlash to the deal, assuming that the Obamas will use the platform to push their own political agendas. Further,…

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The Next Netflix Original: Obama

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsApp44th President of the United States Barack Obama and former first lady Michelle Obama have inked a deal with Netflix to produce films and series for the streaming service. The Obamas, according to a press release from Netflix, will “produce a diverse mix of content, including the potential for scripted series, unscripted series, docu-series, documentaries and features.” The couple has established Higher Ground Productions as a separate entity under which to produce original content for Netflix. “One of the simple joys of…

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