Acquisition | featured news

MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday.

Yahoo Inc. recently approached Hulu to discuss a possible acquisition of the popular online video service, according to a person with knowledge of the matter.

Bank stocks have not lately been the heroes of Wall Street. With the major bank stocks at year-lows.

Capital One Financial Corp has won the bidding for ING Groep NV's U.S. online banking operations, the Wall Street Journal reported on Thursday.

On Tuesday Garmin announced that Navigon's shareholders have signed an agreement for a Garmin subsidiary to purchase Germany-based Navigon.

VF Corp., whose brands include Wrangler, Nautica and The North Face, said Monday it will buy boot and clothing maker Timberland Co. for more than $2.2 billion.

Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for $3.2 billion in stock, creating a specialty insurer and reinsurer with broader reach and product offering.

An investor group has emerged as a frontrunner in negotiations with News Corp. to take control of Myspace, as the media company rushes to complete a transaction by June 30.

Private equity firm Blackstone Group LP has agreed to sell its 50 percent stake in Universal Orlando to Comcast-controlled NBCUniversal for $1.03 billion.

Packaging company Sealed Air Corp. has agreed to buy the privately-held Diversey Holdings Inc. for about $2.9 billion in cash and stock. Diversey is a cleaning and sanitation company.