Walmart joins Microsoft in bid for video app TikTok
Walmart said in a statement Thursday that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers.
Mergers & Acquisitions
Articles
Financial Center First adding Muncie credit union through merger
Ball State Federal Credit Union is set to join Indianapolis-based Financial Center First Credit Union in a merger effective Nov. 1.
Elanco’s big job: Making the Bayer deal work
Now that the company has closed its $6.9 billion acquisition of the German conglomerate’s animal-health division, it must now swiftly and carefully integrate the two sprawling companies in the midst of a pandemic.
7-Eleven owner to buy Speedway gas stations for $21 billion
Tokyo-based Seven & i Holdings plans to acquire about 3,900 Speedway stores in 36 states. Indiana is one of Speedway’s largest markets.
Simon Property-backed venture makes offer to buy Brooks Brothers
Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
Eldorado’s $17.3B merger with Caesars nearing final approval
The Indiana Horse Racing Commission signed off on the deal this week, paving the way for what will be the world’s largest casino operation. The merger, which awaits approval from New Jersey regulators, affects five Indiana casinos.
Elanco gets U.S. regulatory approval for $7.6B Bayer acquisition
Shares in Elanco rose 2.8% Wednesday morning after the approval was announced, to $24.13 each.
Indiana Gaming Commission approves $17.3B Caesars-Eldorado deal
The Indiana Gaming Commission on Friday approved Eldorado Resorts Inc.’s acquisition of Caesars Entertainment Corp.’s four Indiana casino properties, with major conditions.
Simon Property Group diving into retail ownership
Simon is veering into retailer ownership in a substantial way, emboldened by its successful partnership with two other firms to buy the teen-oriented mall chain Aeropostale out of bankruptcy court in 2016.
Owner of Hoosier Park, Indiana Grand on verge of $17.3B sale
Approval of the acquisition of Caesars Entertainment in coming days from regulators in Indiana and New Jersey would create the world’s largest casino operation.
Cornerstone plans $15M medical project in Carmel, makes $60M in acquisitions
Cornerstone Cos. Inc.’s latest local project is a three-story, 40,000-square-foot medical office building along North Meridian Street for four tenants.
Two of area’s top residential real estate agencies join forces
In a deal that brings together two of central Indiana’s top real estate agents, powerhouse residential brokerage Berkshire Hathaway HomeServices Indiana Realty has acquired ERA Real Estate Links.
Indianapolis-based workforce analytics firm acquired by tech titans
Analytic.li, an Indianapolis-based workforce analytics firm, on Tuesday announced that it has been acquired by Novi Group LLC, an investment group led by Hoosier natives Fred Luddy and Greg Bell.
Protective Insurance rejects investment group’s offer but will explore alternatives
An investment group led by finance-industry veterans V.J. Dowling and David Delaney owns 7% of Protective’s voting stock and had proposed buying the remainder for more than $44 million.
Taubman says Simon doesn’t have legal right to abort $3.6B purchase
Signaling a legal brawl lies ahead, Taubman said Simon “continues to be bound to the transaction in all respects.”
Indiana credit unions pursue growth by buying banks
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
Former Celadon affiliate 19th Capital sold in deal that should save dozens of jobs
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
Probo Medical is straying from narrow focus to continue rapid growth
The Fishers-based company’s latest acquisition realizes its transition from a niche repair firm for ultrasound components to a multinational imaging-machine supplier.
Fast-growing local tech firm Lev acquired by New Jersey-based IT giant
Lev will retain its name and operations in Indianapolis after being acquired by Cognizant, a publicly-traded company making its third cloud-related acquisition this year.
Emmis takes step toward diversification with $75M acquisition of sound-masking biz
The acquisition appears to be the first big step in Emmis CEO Jeff Smulyan’s goal to reinvent the longtime Indianapolis-based media company by entering new lines of business.