Acquisition | featured news

Amazon.com Inc., the world's biggest online retailer that got its start in bookselling, has agreed to buy book recommendations site Goodreads. Financial terms of the deal were not disclosed.

CBS Corp., as expected, acquired half of TV Guide Network, and will enter a 50-50 partnership with Lions Gate Entertainment Corp. for the entertainment channel and website.

An app created by a UK teenager has been acquired by web giant Yahoo in a deal the BBC understands to be worth "dozens of millions" of pounds. Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.

Yahoo is in talks to buy a controlling stake in online-video site Dailymotion, in what would be Yahoo CEO Marissa Mayer's first major acquisition.

BBC Worldwide announced Tuesday morning that it will sell its travel guide series, Lonely Planet, for $77.8 million to Nashville-based NC2 Media, a company owned by reclusive U.S. billionaire Brad Kelley. That selling price is more than $120 million less than the BBC paid for the company in 2007. 

Seattle-based Atlas is a digital media measurement platform; it provides measurement, analytical and management tools for ad campaigns and marketing agencies.

Flowers Foods Inc (FLO.N) is set to buy Hostess Brands Inc's HTBRS.UL bread brands including Wonder bread for $360 million, a source familiar with the matter said on Wednesday, giving the No. 2 U.S. baking company a bigger slice of the fast-consolidating bread business.

Comcast says it's buying General Electric's 49 percent stake in NBCUniversal joint venture for $16.7 billion.

Talks between Dell Inc and a consortium led by its founder and chief executive Michael Dell to take the world's No.3 PC maker private were still on track on Monday, with negotiations focusing on a price of between $13.50 and $13.75 per share, a person familiar with the matter said.

The Justice Department filed a lawsuit Thursday to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers like Budweiser and Corona.