Shares of eBay jump on $56B buyout bid from GameStop
The national gaming retailer said that its 1,600 or so U.S. stores could become drop-off and shipping locations for the online commerce giant.
Mergers & Acquisitions
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Sun King Brewing acquires ’Shmallow whiskey, other Hotel Tango spirits
Tuesday’s announcement marks the end of an era for Hotel Tango, which launched in 2014 as one of Indiana’s first microdistilleries.
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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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Articles
United Airlines CEO Scott Kirby says merger with American Airlines would be good for travelers
United Airlines CEO Scott Kirby on Monday argued that a merger between the iconic airlines would expand service, create a globally competitive airline and boost the U.S. economy.
Lilly acquiring cancer-drug firm Ajax Therapeutics in deal worth up to $2.3B
The acquisition is the latest in a series of recent deals that Indianapolis-based Eli Lilly and Co. has made to increase its cancer-treatment pipeline.
Warner Bros shareholders approve Paramount’s $81B takeover of the Hollywood giant
A Paramount purchase means HBO Max, cult-favorite titles like “Harry Potter” and CNN could soon find themselves under the same roof with CBS, “Top Gun” and the Paramount+ streaming service.
UPDATE: Eli Lilly acquiring Boston-based biotech in deal worth up to $7B
Lilly has been bringing in record revenue from its weight-loss medicines, but continues to diversify its pipeline candidates through acquisitions of biotech companies that are developing new genetic therapies for cancer and other disorders.
NYC-based Wealthspire acquires Indianapolis financial firm, eyes future local growth
Indianapolis-based financial firm Axia Advisory has been acquired by a New York City-based firm that says it plans to use the acquisition as the basis for expansion in this market.
Ackman’s Pershing Square makes $64B bid for Taylor Swift label Universal Music Group
Kendrick Lamar, The Weeknd, Adele, Harry Styles, Bad Bunny, Sabrina Carpenter, Post Malone, Ariana Grande, and Coldplay.
Boone County’s Witham Health Services plans to join Parkview Health
Witham’s announcement comes amid a series of recent moves by Parkview Health involving expansion into areas of the state away from its headquarters in Fort Wayne.
Q&A: Resultant CEO talks about strategy in buying M&A firm
Greg Layok said in evaluating a potential acquisition, “strategic fit is very important, but culture is even more important.”
Carmel-based SePro acquires Arkansas water treatment company
SePro said the acquisition expands its portfolio of science-led water treatment solutions and strengthens support for water managers and municipalities.
Indianapolis-based Resultant acquires Chicago consulting firm
Indianapolis-based data technology and consulting firm Resultant has acquired a Chicago-based consulting firm.
Lilly to acquire UK-based pharmaceutical company in deal worth up to $7.8B
Centessa Pharmaceuticals is developing treatments to address daytime sleepiness and other neurological conditions.
Sysco expands into high-margin restaurant segment with $29B deal
The acquisition comes in a fast-growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.
FCC green lights merger of TV station rivals; local station will be divested
As part of the merger, Nexstar is expected to divest six TV stations, including one in Indianapolis.
DirecTV sues Nexstar, Tegna over their proposed $6.2B merger
DirecTV said the merger would create a triopoly in Indianapolis, affecting more than 1.2 million “TV homes.”
Republic Airways outlines postmerger integration efforts
In its first financial report since going public via merger, Carmel-based Republic Airways gave some details about its ongoing integration with Arizona-based Mesa Group. The two companies completed their merger in November.
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.
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.