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.
Mergers & Acquisitions
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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.
Fishers-based Flexware Innovation acquired by Hitachi
Flexware Innovation, founded in 1996, is an engineering company that helps companies integrate ever-changing software with advanced manufacturing systems.
CVS to buy home health-care provider Signify for $8B
The acquisition would continue CVS’ effort to grow from its pharmacy-chain roots to other sectors of the health industry.
Taft law firm expands Midwest presence with Detroit merger
The firm’s combination with Jaffe Raitt Heuer & Weiss P.C. will take effect Dec. 31 and grow Taft’s presence to 12 cities and about 800 attorneys.
Ray’s Trash Service acquired by Waste Management
Ray’s, based in the Hendricks County town of Clayton, was founded in 1965 and offers waste-management and recycling services in 17 central Indiana counties, including Marion and all surrounding counties.
Franklin College selling station to Catholic Radio Indy
WFCI-FM 89.5 will carry Christian programming after the sale is approved. It will remain on the air during the transition, providing public broadcasting.
Musk cites whistleblower as new reason to exit $44B Twitter deal
Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform.
Indianapolis-based Lawn Pride acquired by home-service franchisor
Lawn Pride Inc., which was founded 40 years ago by its CEO, will become the latest franchise brand for Waco, Texas-based Neighborly Inc.
As Amazon grows, so does its eye on consumers
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Now it plans to spend billions of dollars on two gigantic acquisitions that, if approved, will broaden its ever growing presence in the lives of consumers.