FCC clears way for WISH-TV owner to acquire ABC affiliate WRTV
The federal regulatory agency said that Circle City Broadcasting’s ownership of three stations would not harm competition and could, in fact, bolster it.
Mergers & Acquisitions
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Q&A: Investment banker Phil Daniels on the mechanics and emotions of selling a company
Eighteen months ago, Daniels took moved from entrepreneur to adviser when he became president of the Indiana office of Cincinnati-based investment bank ArkMalibu.
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Local investment firm plans co-working, event space at former Scouting HQ
The Golden-Burke Scout Center, which for 15 years was the home of the Crossroads of America Council, has been on the market since last February.
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Dozen-plus Indy-area industrial parks sold to California firm
The portfolio consists of 38 buildings in total with a healthy collective occupancy rate of 97.5%. Their value as renovated space is far greater than new construction, according to the seller.
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Indy Maven CEO sells company to pair of local residential brokers
Leslie Bailey sold Indy Maven to residential real estate brokers and entrepreneurs Colleen Hungerford and Bhavna Thapar.
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Articles
Consortium agrees to buy AES, take the power company private
A consortium led by a BlackRock subsidiary and EQT Infrastructure said AES Indiana and AES Ohio will remain “locally operated and managed regulated utilities.”
Q&A: Upper Hand co-founder talks about company’s recent acquisition
Kevin MacCauley, the co-founder of Indianapolis sports-tech firm Upper Hand, talked to IBJ about the company’s recent acquisition and why he thinks AI is spurring acquisition activity right now.
Netflix walks away from Warner Bros deal, clearing path for Paramount
Netflix is walking away from its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over its storied Hollywood rival.
Q&A with Periculum Capital: Why is dealmaking activity so high?
Over the past two months Carmel-based Periculum Capital has been involved in six business deals — about as many as it typically sees in an entire year.
Warner Bros reopens takeover talks with Paramount after receiving waiver from Netflix
in the meantime, Warner’s board is still recommending shareholder support of its proposed $83 billion merger with Netflix.
Elon Musk combines his rocket and AI businesses before expected IPO this year
His rocket venture, SpaceX, announced on Monday that it had bought xAI in an effort to help the world’s richest man dominate the rocket and artificial intelligence businesses.
Indianapolis-based tech firm Malomo acquired
Malomo was founded by serial entrepreneurs Yaw Aning, 2021 winner of Mira’s Rising Entrepreneur Award, and the late Anthony Smith.
KSM accounting firm establishes investment banking business with acquisition
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has acquired the investment banking business of Grand Rapids, Michigan-based Charter Capital Partners, it announced Tuesday.
Butler to host conference on entrepreneurship through acquisition
Buying a business is nothing new, but entrepreneurship through acquisition—or ETA—has caught on in recent years among those who want to become business owners but don’t want to start a company from scratch.
Lilly to acquire California-based biopharma company in $1.2B deal
Indianapolis-based Eli Lilly and Co. announced Wednesday it intends to acquire Ventyx Biosciences, a clinical-stage biopharmaceutical company developing oral therapies for inflammatory-mediated diseases.
Lilly in talks to buy Ventyx Biosciences for more than $1B, WSJ reports
Ventyx is a San Diego-based biotech that specializes in drugs for inflammatory diseases like Crohn’s and rheumatoid arthritis.
Warner Bros rejects Paramount takeover again, tells shareholders to stick with Netflix bid
Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures—and urged shareholders to back its the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has made efforts to sweeten its $77.9 billion hostile offer for the entire company.
Meta buys startup Manus in latest move to advance artificial intelligence efforts
Meta CEO Mark Zuckerberg has been pushing to revive its commercial AI efforts as the company faces tough competition from rivals such as Google and OpenAI.
M&A activity gaining steam heading into 2026, Indiana attorneys say
Although the overall mergers and acquisitions market struggled to get going earlier in the year, it rebounded in the third and fourth quarters.
Dormakaba to acquire Clarksville-based turnstile company
Avant-Garde Systems Inc. has been one of the fastest-growing companies in the Louisville area in recent years.
Indianapolis-based Dealers Wholesale acquired by Lacy Diversified Industries
Earlier this year, LDI announced that former Indiana Gov. Mitch Daniels had joined its team as the company’s first executive partner, with the goal of focusing on investments in Indiana-based companies.
FullBeauty Brands to merge with menswear retailer DXL
The all-stock deal will result in a company with combined revenue of about $1.2 billion, the companies announced Thursday.
Carmel’s Clay Terrace shopping center acquired by Houston-based firm
The buyer said it will work with the city of Carmel over the coming months to develop a plan for the 493,000-square-foot retail center.
IBM buys data streaming platform Confluent in $11B deal
The deal is expected to help bolster the technology company’s artificial intelligence strategy.