Blue & Co. acquires Indianapolis accounting firm
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
Mergers & Acquisitions
Articles
Proposed merger of two publishing giants is officially over
Paramount Global says it still plans to sell Simon & Schuster, a nearly century-old company where authors include Stephen King, Colleen Hoover and Bob Woodward.
Frost Brown Todd adds California firm to its fold
The combined firm will have more than 575 attorneys in 17 offices across nine states and Washington, D.C.
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.
Crypto exchange Binance to buy rival FTX in apparent bailout
The deal would make Binance, which is already the biggest cryptocurrency exchange by daily volume, an even more dominant player in the cryptocurrency industry.
AGs sue to block Albertsons’ $4B payout over Kroger deal
The lawsuit asks the court to block the payment until the attorneys general have reviewed Albertsons’ proposed merger with Kroger Co.
Judge blocks Penguin Random House-Simon & Schuster merger
The judge issued a brief ruling Monday, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.”
Indianapolis-based ed-tech firm Willo acquired by textbook retailer Follett
Follett, an educational services company with about 6,000 employees nationwide, said it plans to keep Willo’s employees, local Indianapolis presence and brand name. Plans also call for expanding Willo’s 15-person staff.
Top Twitter executives fired as Elon Musk takeover begins
Musk became Twitter’s owner late Thursday as his $44 billion deal to take over the company closed, marking a new era for one of the world’s most influential social media platforms.
Musk doesn’t seek ‘free-for-all hellscape’ for Twitter
Elon Musk is telling Twitter advertisers he is buying the platform to “help humanity.” The message posted Thursday on Twitter came a day before Musk’s deadline for closing his $44 billion deal to buy the social-media company and take it private.
Franklin-based industrial supplier acquired by Alabama company
Quality Mill Supply Co., which was started in 1944 and operates five locations in Indiana, is the fourth Indiana business to be acquired by Martin Supply or its parent company in the past three years.
Documents detail plans to gut Twitter’s workforce
While job cuts have been expected regardless of the sale, the magnitude of Elon Musk’s planned cuts are far more extreme than anything Twitter had planned.
Spirit Airlines shareholders approve $3.8B sale to JetBlue
JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. But the deal could still face a challenge from federal antitrust regulators.
Howey Politics sold to digital news startup State Affairs
Howey Politics Indiana, the website of longtime Hoosier journalist Brian Howey, is now owned by State Affairs, a subscription-based digital media startup looking to fill gaps in statehouse reporting coverage.
Lilly to acquire Boston-based gene therapy firm for $487M
The Indianapolis-based drugmaker said it has reached a definitive agreement to acquire Akouos Inc., a seven-year-old biotech firm, which is running early clinical trials for its lead therapy for hearing loss.
Indianapolis-based tech firm Saaslio acquired by Canadian company
Saaslio helps IT teams track the software their employees are using remotely, a service that has become more in demand with the growth of remote work.
UPDATE: Kroger to acquire Albertsons in $24.6B deal
The combination of the nation’s No. 2 and No. 4 grocery chains is likely to face a lengthy antitrust review with an uncertain outcome.
High Alpha portfolio company Structural acquired by Minnesota-based firm
Structural, which offers an employee-engagement software platform, was launched in 2017 by Indianapolis-based venture studio High Alpha.
Musk offers to end legal fight, pay $44B to buy Twitter
The offer comes just two weeks before Twitter’s lawsuit seeking to force Musk to go through with the deal goes to trial.
With 10 media holdings, Urban One looks to blanket Indy
As regional vice president for Maryland-based Urban One, Deon Levingston holds the keys to the biggest house in Indianapolis broadcasting.