FCC approves Urban One’s purchase of Emmis radio stations
Urban One seeks to expand its audience and advertising customers beyond the company’s stated mission to serve Black and urban listeners.
Mergers & Acquisitions
Articles
Nexstar Media Group to buy CW Network from Warner Bros., Paramount
The purchase underscores Nexstar’s commitment to traditional broadcasting at a time when TV is losing viewers to online services and other entertainment options. Nexstar, the nation’s largest local TV station owner, has two properties in Indianapolis.
WIBC-FM reporter Berman, 7 other Emmis employees lose jobs prior to sale of radio stations
Emmis Corp. on Wednesday said it dismissed eight employees in advance of a sale of the company’s Indianapolis radio stations to Urban One.
Pfizer buying spree continues with $5.4B hematology deal
The pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. The drugmaker has announced deals valued at a total of nearly $19 billion, counting debt, since late last year.
Cummins completes $3.7B Meritor acquisition
Cummins said it plans to accelerate the growth of Meritor’s core axle and brake businesses around the world.
Stephen King testifies for government in publishing merger trial
Stephen King didn’t break any legal ground on the stand Tuesday as he testified against his own publisher’s efforts to merge with Penguin Random House. But he did know how to please a crowd and even get the judge to thank him for his time.
U.S. begins court battle against publishing giants’ merger
The government and Penguin Random House are set to exchange opening salvos in a antitrust trial Monday as the U.S. seeks to block the biggest U.S. book publisher from absorbing rival Simon & Schuster. The government’s star witness will be author Stephen King.
With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier.
Renewable energy farm builder IEA to be acquired for $1.1 billion
Infrastructure and Energy Alternatives Inc., which ranks as the 10th largest public company in the Indianapolis area, has agreed to be acquired by MasTec Inc., a Florida-based construction and engineering firm.
Carmel-based enVista to sell portion of its business to German tech company
EnVista, which has 850 global employees and expects $185 million in revenue this year, is selling the commerce and transportation parts of its business to Germany-based Körber. Once the deal closes, 400 enVista employees, including its cofounder, will join Körber.
Amazon to buy primary care provider One Medical for $3.9B
One Medical is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.
Deal-making down as inflation, rate hikes spur caution
Companies hit the brakes on deal-making during the first half of 2022 as concerns over pervasive inflation, interest rate hikes and the threat of a recession loomed over Wall Street.
EnerDel acquired by longtime board member’s company
EnerDel, founded in 2004, is a designer and manufacturer of lithium-ion energy storage products and battery systems for heavy-duty transportation, on- and off-grid electrical storage, mass transit and task-oriented applications.
Vote on Spirit, Frontier merger is postponed, again
At issue is a competing bid for Spirit from another budget airline, JetBlue, which is offering about $1 billion more for Spirit.
Twitter sues to force Musk to complete his $44B acquisition
In a fiery filing, Twitter accuses Musk of violating the merger agreement “because the deal he signed no longer serves his personal interests.”
Looming Musk-Twitter legal battle hammers company shares
Shares of Twitter slid more than 9% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.
Twitter prepares to take its fight against Elon Musk to the courts
The company is likely to face a lengthy courtroom battle with one of the world’s richest and most mercurial individuals, which could paralyze its ability to launch new initiatives and attract workers.
Musk abandons $44B deal to buy Twitter; company says it will sue
Twitter could push for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.
Six businesses in Fountain Square Theatre Building sold to wedding venue operator
Moller Enterprises, which owns The Sanctuary on Penn, bought the business operations from Linton Calvert, with plans to greatly increase event activity in the building.
Katz Korin Cunningham becomes Stoll Keenon Ogden in merger
Katz Korin Cunningham, a fixture in the Indianapolis legal market since 1994, has merged with Stoll Keenon Ogden PLLC, a regional law firm based in Kentucky, the firms announced Tuesday.