Mergers and Acquisitions

JPMorgan Chase says it will shut down 21 branches of its recently acquired First Republic Bank by the end of 2023, representing a quarter of the former bank's locations.

U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday.

Jamie Dimon on Tuesday offered investors his views on the likelihood of JPMorgan Chase doing another purchase of a regional bank facing difficulties, saying it was "unlikely."

The FTC said in its complaint that Amgen would be able to leverage its position with insurance companies and pharmacy benefit managers wanting access to its blockbuster drugs.

European Union regulators approved Microsoft’s $69 billion all-cash purchase of video game maker Activision Blizzard. The deal still faces pressure from regulators across the world.

Austin Russell, the Chairman & CEO of Luminar Technologies, is buying a majority stake in the business news publisher Forbes worth $800 million.

Tempur Sealy has reached a multi-billion-dollar deal that will see the mattress maker acquire retailer Mattress Firm. The closing of the deal is projected to take place in the last six months of 2024.

TD agreed to buy First Horizon in February 2022 in a deal that would have created the sixth-largest U.S. lender. The banks said they expected to complete the transaction by January.

Shares of First Horizon are down on Thursday after the company said a merger agreement with TD Bank was terminated due to uncertainty over regulatory approvals.

PacWest Bancorp confirmed it is mulling options, including a possible sale while also insisting it has not experienced "out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news."

Darden Restaurants is acquiring the Ruth's Chris Steak House, adding to its portfolio of brands that include Olive Garden, LongHorn Steakhouse and Yard House.

Shares of the major U.S. banks are in the green after JPMorgan Chase announced that it would pay $10.6 billion to the FDIC to buy most of First Republic Bank's assets.

British regulators stopped a $69 billion deal between Microsoft and Activision on Wednesday, saying the acquisition would stifle cloud gaming competition.

Subway, the privately-held footlong sandwich chain that has been exploring selling, put out quarterly sales results on Monday that showed year-over-year growth globally and in North America.

Paramount Global has agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc.

Walmart has reached an agreement to sell Eloquii, a plus-sized apparel brand it has owned for over four years. FullBeauty Brands, which announced the deal, is purchasing it.

Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.

Investment banks have suffered the most from a downturn in M&A activity as investors shunned risky bets against the backdrop of volatile markets and rapidly rising interest rates.

Twitter CEO Elon Musk told Tucker Carlson on FOX News that 80% of Twitter staff is gone and the company has little to no product development.