Paper straw producer acquired

All about the paper The only US producer of paper straws, Aardvark Straws, was acquired by manufacturer Hoffmaster Group on Monday. As cities and companies start leaning away from plastic straws, the demand for paper straws has skyrocketed. Aardvark was not able to produce the demanded amount of straws under their previous financial structure, so […]
  • Ben Norman
  • August 8, 2018
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T-Mobile tops carriers in users

King of telecom T-Mobile announced on Wednesday that it has more users than any other carrier for the 18th straight quarter. The telecommunications company reported that they gained 1.6 million new customers in the second quarter. For comparison, Sprint had just 87,000 new users. In fact, the companies plan on merging soon. T-Mobile and Sprint have […]
  • Ben Norman
  • August 3, 2018
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Sweethearts manufacturer will close

Not so sweet ending The parent company of the manufacturer that makes Necco and Sweethearts announced over the weekend that has closed abruptly. Round Hill Investments, the parent company, reported that it will sell its Necco brands to another manufacturer and close its factory in Revere, Massachusetts, effective immediately. This comes after their $17 million […]
  • Ben Norman
  • July 30, 2018
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Qualcomm will stop pursuing NXP

Qual-lateral damage Qualcomm announced in October 2016 that it would acquire NXP for $47 billion. However, the country still awaits China’s approval of the deal. Because of this, Qualcomm has decided to pull out of the acquisition. The tech firm does not believe that China will accept the merger, so it has decided to scrap […]
  • Ben Norman
  • July 26, 2018
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Atos acquires Syntel in IT-merger

Atos expands to US market French IT firm Atos acquired US IT firm Syntel this weekend, a deal worth $3.4 billion. The deal will give Atos exposure to US firms and better equip the company with knowledge about certain aspects of the IT industry. Syntel has expertise in cloud services, social media and mobile analytics, […]
  • Ben Norman
  • July 23, 2018
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Bustle owner acquires Gawker.com

Gawker gossip Bryan Goldberg, the owner of Elite Daily, Bustle, and more, won the auction for Gawker.com on Thursday, with the final purchase price valued at $1.35 million. Gawker faced bankruptcy after venture capitalist Peter Thiel launched a lawsuit against Gawker with wrestler Hulk Hogan. The site posted a video of Hogan in a sexual […]
  • Ben Norman
  • July 13, 2018
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Fox raises bid for Sky

Sky’s the limit for Fox 21st Century Fox announced on Wednesday that it has upped its bid for UK broadcaster Sky to $32.5 billion (£24.5 billion). Fox has been deadlocked in a bidding war with Comcast over Sky since April, and this most recent bid eclipses Sky’s by 12 percent. In fact, it’s 30 percent larger […]
  • Ben Norman
  • July 11, 2018
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Lyft acquires Motivate

Lyft expands portfolio with bikes Lyft announced on Monday that it will acquire bike-sharing giant Motivate for an undisclosed amount. Motivate is the parent company of popular bike-sharing networks like Citi Bike in New York and the Bay Area, and Capital Bikeshare in Washington, D.C. The acquisition comes at a time when Lyft it trying […]
  • Ben Norman
  • July 11, 2018
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Food manufacturers ConAgra and Pinnacle Foods merge

More food manufacturers merge Two frozen food companies, ConAgra and Pinnacle Foods, merged on Wednesday, creating a massive frozen food giant. ConAgra purchased PF for $10.9 billion. ConAgra owns popular food brands like Orville Redenbacher’s and Chef Boyardee, and Pinnacle Foods owns Hungry-Man and Birds Eye, among others. The companies are the two major leaders […]
  • Ben Norman
  • June 28, 2018
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