Two of the country’s largest newspaper companies will be merging and creating one huge newspaper media conglomerate. New Media Investment Group (NYSE: NEWM) will buyout Gannett Co. (NYSE: GSI) for $1.38 billion dollars, in cash and stock options.
The closing of the deal is supposedly going to be complete at the end of 2019. New Media and its satellite company GateHouse Media will operate under Gannett Co. and also be headquartered in Virginia, where Gannett is also located. -SB
Sirius XM will be making a big acquisition in purchasing Pandora for a reported $3.5 billion dollars.
The deal seems to make sense since the growing competition in streaming services, such as Tidal, Apple Music, Spotify, and now YouTube Music, which are all culminating new listeners and subscribership.
Sirius XM has a subscriber base of approx. 36 million and Pandora has a listener base of approx. 70 million and of those 70 million, 6 million are paid premium subscribers.
The buyout of Pandora will make Sirius XM the largest audio service network globally. -SB
Tesla Motors purchased Solar City for $2.6 billion dollars. This initially means that there will be combination with the electric car maker and the solar model company, as they fuse their companies together respectfully. Many people believe with many questions if the effort to pair the two companies was a sound decision.
Solar City shares have been declining lately and many believe Musk wanted to save the company from it own ruins, so in order to do this was a buyout situation in which Tesla would buy Solar City and combine the two entities together. As for if this was a wise decision by CEO Elon Musk, only time will tell about this merger. -SB
Potential gossip talks, suggest that Samsung is eyeing Blackberry for 7-8 billion dollar buyout. Executives from both sides met last week about this latest mobile technology acquisition.
Executives from Blackberry believe though for the deal to actually go through the # over $7 billion has to be initiated… Blackberry believes the company’s value is way more then the $7 billion dollars offered by any company, and they have turned down many deals within that price range as well.
The deal could come under scrutiny from investors, shareholders, and US regulators alike… Blackberry investors and shareholders deem the deal to be unreasonably too low an offer as indicated, and regulators would deem the deal doomed because Samsung does not have majority control as far as price shares in the company. So there are philosophical differences on all sides.
Though, we do not know all details of such a merger between both companies, and if it would even pan out, Samsung and Blackberry have engaged in a security pact between each other, which originated this past November. The security partnership aligns Blackberry’s security platform with Samsung’s security software…