Liberty Media Group (NASDAQ:LMCA) shares rocketed more than 16%. The media and entertainment company was upgraded to buy from neutral at Citigroup. Citi analyst Jason Bazinet said Liberty’s recent $8 billion-acquisition of Formula One is transformative. At an estimated value of $12 billion, Bazinet wrote Formula One was a trophy asset. “The equity will migrate […]

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Arcos Dorados Holding Inc. (NYSE:ARCO) is ready to bring the spirit of the Olympic Games to the 20 countries in which it operates in Latin America. Since 1976, McDonald’s has been the official sponsor of the Olympic Games, a longstanding relationship which is the result of sharing the same values as this major sporting event: […]

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VimpelCom Ltd (ADR) (NASDAQ:VIP) and CK Hutchison Holdings Ltd can invoke a buy-sell option on the stakes they hold in the joint venture that merges their Italian units from three years after the deal’s conclusion, a Vimpelcom presentation showed.     Earlier this month, the EU gave its greenlight to the 21.8 billion euro ($24.56 […]

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Navistar International Corp (NYSE:NAV) announced that it has formed a wide-ranging strategic alliance with Volkswagen Truck & Bus,which includes an equity investment in Navistar by Volkswagen Truck & Bus and framework agreements for strategic technology and supply collaboration and a procurement joint venture. The agreements expected to be entered into in connection with the alliance […]

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TAL Education Group (ADR) (NYSE:XRS) keeps moving forward in the international education field. On September 5, TAL announced the release of HiWorld, a new training brand for overseas study.     Besides, TAL announced the full acquisition of ACESSAT, a training institution for overseas study. ACESSAT will serve as a part of HiWorld and provide […]

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Tech Data Corp (NASDAQ:TECD) is buying Avnet Inc.’s technology solutions group in a deal valued at $2.6 billion to expand into Asia and pursue newer products focused on the cloud and data centers. Its shares surged the most in 17 years.     Tech Data will pay $2.4 billion in cash plus shares valued at […]

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AirMedia Group Inc. (NASDAQ:AMCN) announced that it entered into an Amendment No. 1 to the Agreement and Plan of Merger (the “Merger Agreement Amendment”) to amend that certain Agreement and Plan of Merger (the “Merger Agreement”), dated September 29, 2015, by and among the Company, AirMedia Holdings Ltd. (“Parent”) and AirMedia Merger Company Limited (“Merger […]

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DTS Inc. (NASDAQ:DTSI) and Tessera Technologies, Inc announced that they have entered into a definitive agreement under which Tessera will acquire DTS for $42.50 per share, representing a 28% premium to DTS’s 30-day volume weighted average price as of September 19, 2016. The all-cash transaction is valued at approximately $850 million.     The transaction […]

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Bazaarvoice Inc. (NASDAQ:BV) announced a new partnership with Social Media Link (SML), the leader in online advocacy activation for brands, through this partnership, Social Media Link offers seamless integration to help marketers drive authentic product reviews that foster sales directly into Bazaarvoice’s powerful syndication engine, which shares consumer-generated content between 3,000 global brand and retail […]

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