Advertisement
 
YOU ARE HERE: LAT HomeCollectionsTakeover
IN THE NEWS

Takeover

FEATURED ARTICLES
BUSINESS
September 24, 2010 | Bloomberg News
NBC Universal Chief Executive Jeffrey Zucker will step down once Comcast Corp. completes its takeover of the company, giving the new owners a chance to reshape management. Zucker, 45, told employees today of his decision to leave the company where he has spent his entire working career. Parent General Electric Co. also announced the decision in an internal memo.
ARTICLES BY DATE
WORLD
March 9, 2014 | By Jim Puzzanghera
WASHINGTON -- The United States would not recognize a referendum by Crimea to leave Ukraine, and a shift of that region to Russia “is not a done deal,” a top Obama administration official said Sunday. “If there is a referendum and it votes to move Crimea out of Ukraine and to Russia, we won't recognize it and most of the world won't either,” deputy national security advisor Tony Blinken said on NBC's “Meet the Press.” “Were that to happen, the isolation of Russia, the cost that it would pay, would increase significantly from where they are now,” he said.
Advertisement
NATIONAL
August 30, 2013 | By Matt Pearce
Life isn't always sleepy in rural North Dakota. The tiny town of Leith -- which had 16 residents as of the 2010 census -- got a rude awakening last week when it was revealed that a newcomer in town was plotting a takeover to make Leith a white-supremacist haven. Paul Craig Cobb, 61, had moved to town about a year ago and made an announcement in May 2012 about his plans for a "White Nationalist intentional community in North Dakota. " "Been waiting quite a few months to spring this.
WORLD
March 8, 2014 | By Nabih Bulos and Patrick J. McDonnell
BEIRUT - After weeks of fighting, the Syrian military has wrested control of a rebel-held town near the Lebanese border in the strategic province of Homs, military and opposition representatives said Saturday. The seizure of Zara, close to the main highway linking Homs city to the Mediterranean coast, is the latest reported government advance in its effort to seal the porous border with Lebanon, long a conduit for antigovernment fighters and arms. In a statement, the Syrian military hailed the seizure of Zara, which "had been used as a main passage for the terrorist groups that would come from Lebanon and head to neighboring areas to carry out their criminal operations.
BUSINESS
June 25, 2013 | By Salvador Rodriguez
Sprint shareholders approved a $21.6-billion acquisition by SoftBank on Tuesday, bringing an end to the takeover drama involving Dish Network Corp., which had also made a play for the No. 3 U.S. carrier. About 98% of shareholders voted to approve the deal, which will pay them either $7.65 per share for the stock they now hold, or give the same number of shares of new Sprint common stock. The deal will give SoftBank 78% ownership of Sprint. “The transaction with SoftBank should enhance Sprint's long-term value and competitive position by creating a company with greater financial flexibility," Sprint Chief Executive Dan Hesse said in a statement . PHOTOS: The 10 biggest tech gadget fails Sprint said it expects the Federal Communications Commission to approve the deal early next month.
NATIONAL
September 25, 2013 | By Matt Pearce
Local bureaucracy seems to have gotten the upper hand on a white-supremacist's plot to take over a small town in North Dakota. Paul Craig Cobb, 61, made headlines after news broke of his secret plot to amass white supremacists in Leith, N.D., and win control of the hamlet by buying up property and winning local elections. But now Cobb's home in Leith could be condemned after he failed to submit plans for sewage and running water to the county government, according to the Bismarck Tribune.
BUSINESS
October 9, 2013 | By Tiffany Hsu
Men's Wearhouse Inc. has a suitor who wants to pay $2.3 billion to take over the retailer, but the menswear company is having none of it. Saying that the bid from Jos. A. Bank Clothiers Inc. “significantly undervalues” the chain, Men's Wearhouse rejected the nonbinding proposal Wednesday. Hampstead, Md,-based Jos. A. Bank said in a statement that it had made its offer on Sept, 18, several months after Men's Wearhouse removed its founder and longtime spokesman, George Zimmer, as executive chairman.
ENTERTAINMENT
September 12, 2012 | By Joe Flint
Sirius XM Radio Inc. Chief Executive Mel Karmazin said he would likely leave the company when Liberty Media takes control of the satellite radio broadcaster. Liberty, the largest shareholder in SiriusXM, currently holds just under 50% of the stock and has already told the Federal Communications Commission that it plans to acquire more than that and would like the regulatory agency to approve it as the outright owner when that happens. Speaking at the Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills on Wednesday, Karmazin said he is willing to talk about staying but added, "If I were Liberty I would say, 'I'm not sure we need Mel.'" Karmazin's contract with SiriusXM is up at the end of the year.
ENTERTAINMENT
June 9, 2013 | By Greg Braxton
Can we talk? Joan Rivers is celebrating her 80th birthday Saturday. And the outspoken Rivers will be marking the occasion all next week in her usual take-no-prisoners fashion: She's taking over the E! network. Starting Monday and continuing through the week, Rivers will be all over the network, from extra daily episodes of her weekly "Fashion Police" series to special appearences on several E! shows and on the network's website. The celebration will culminate with a special hourlong birthday-themed edition of "Fashion Police" on Friday at 10 p.m. where the participants will be attired in formalwear.
BUSINESS
June 26, 2013 | By Andrea Chang, Los Angeles Times
Japanese telecom giant SoftBank Corp. got shareholder approval for its mammoth takeover of Sprint Nextel Corp., giving America's No. 3 wireless carrier ammunition to take on industry leaders Verizon Wireless and AT&T. The $21.6-billion deal for a majority stake in Sprint is expected to enable the company to speed up the rollout of its high-speed 4G LTE service in new markets around the country. That should help it attract new customers, analysts said. "This is exactly what Sprint needs," said Jeff Kagan, a technology industry analyst.
ENTERTAINMENT
February 19, 2014 | By David Ng
In a surprise announcement, the financially troubled Corcoran Gallery of Art in Washington has entered into an agreement to be taken over by the National Gallery of Art and George Washington University. The deal, announced on Wednesday, would mark the largest takeover of an arts institution in the nation's capital in recent memory. The Corcoran, which is a private, nonprofit organization, has experienced financial difficulties for years and had recently explored a potential partnership with the University of Maryland.
ENTERTAINMENT
February 14, 2014 | By Meg James and Joe Flint
Comcast Corp. already produces movies, television shows and national and local news programs while operating theme parks and the largest pay-TV system in the U.S. And now, with one bold stroke, the Philadelphia conglomerate could dominate the flow of information and entertainment into American homes with historically unprecedented power. Comcast's proposed $45.2-billion takeover of Time Warner Cable would allow it to provide television, telephone and Internet service and even home security systems to nearly 30 million homes across the country.  ON LOCATION: Where the cameras roll   The company's reach would encompass the nation's largest markets, among them Los Angeles, New York, Chicago, Philadelphia, Washington D.C. and San Francisco.
BUSINESS
December 23, 2013 | By Ricardo Lopez
Jos. A. Bank announced Monday it has rejected a late November takeover bid from rival Men's Wearhouse, saying the offer undervalued the company. "Our board undertook a thorough review and determined that the per share consideration in the proposal made to us by  Men's Wearhouse  was simply not in the best interest of our shareholders," said Robert N. Wildrick, Jos. A. Bank's chairman. The two retailers have in the past months been playing a game of cat-and-mouse as each company has tried to acquire the other.
ENTERTAINMENT
November 19, 2013 | By Mike Boehm
USC is taking over the Pacific Asia Museum in Pasadena, bringing more than 15,000 works of Asian art dating from ancient times to today under the university's control, along with the nearly 90-year-old replica of a Chinese palace that houses the museum. USC and museum officials described the new relationship as an “alliance” and a “partnership” in a written announcement Monday, but Robert Cooper, the university's vice provost, said in an interview that the existing independent nonprofit board that runs the museum will cede full control to the university starting next month.
BUSINESS
October 9, 2013 | By Tiffany Hsu
Men's Wearhouse Inc. has a suitor who wants to pay $2.3 billion to take over the retailer, but the menswear company is having none of it. Saying that the bid from Jos. A. Bank Clothiers Inc. “significantly undervalues” the chain, Men's Wearhouse rejected the nonbinding proposal Wednesday. Hampstead, Md,-based Jos. A. Bank said in a statement that it had made its offer on Sept, 18, several months after Men's Wearhouse removed its founder and longtime spokesman, George Zimmer, as executive chairman.
BUSINESS
October 7, 2013 | By Salvador Rodriguez
BlackBerry shares are up about 3.6% thanks to a report that says several major tech players are interested in buying parts or all of the struggling Canadian phone maker. Google, Samsung, Cisco, Intel, SAP and LG are all among the tech companies interested in buying up BlackBerry, according to Reuters . Citing unnamed sources, Reuters said any deals involving the companies listed above would be alternatives to the preliminary agreement BlackBerry already has in place with Fairfax Financial Holdings, which is willing to pay $4.7 billion for all of BlackBerry.
BUSINESS
May 12, 1989 | From Associated Press
Ogilvy Group Inc. today said that it has begun talks with Britain's WPP Group PLC, which has made a $50-a-share takeover offer for the American advertising company and has indicated its willingness to increase the bid. Ogilvy said there is no guarantee that the discussions will produce an agreement on WPP acquiring Ogilvy, the world's fifth-largest advertising concern based on 1988 billings. Takeover speculators on Wall Street have expected WPP to make a more generous offer.
NATIONAL
August 17, 2008 | From Times Wire Reports
A group of Native Hawaiians claiming to be the state's legitimate rulers occupied the grounds of a historic palace in Honolulu for two hours before being arrested by state officers in the second recent takeover of its kind. A staff member of the Iolani Palace said she was assaulted and slightly injured during the takeover Friday night, then snubbed by city police who said they didn't have jurisdiction. Gov. Linda Lingle said there would be an inquiry into the police response to the takeover.
NATIONAL
September 25, 2013 | By Matt Pearce
Local bureaucracy seems to have gotten the upper hand on a white-supremacist's plot to take over a small town in North Dakota. Paul Craig Cobb, 61, made headlines after news broke of his secret plot to amass white supremacists in Leith, N.D., and win control of the hamlet by buying up property and winning local elections. But now Cobb's home in Leith could be condemned after he failed to submit plans for sewage and running water to the county government, according to the Bismarck Tribune.
ENTERTAINMENT
September 24, 2013 | By Meredith Blake
Walter White's crystal meth empire spreads from the American Southwest to the Czech Republic. On Monday, the drug lord conquered one last territory: "Conan. " For fans already dreading Sunday night, when the Emmy-winning AMC drama will head off to the great meth lab in the sky, Conan O'Brien helped alleviate the pain of saying goodbye with an all-"Breaking Bad" episode of his talk show. EMMYS 2013: Full coverage | Arrivals | Top winners & nominees Fresh off multiple Emmy victories , series creator Vince Gilligan and the show's large ensemble yukked it up with O'Brien and his sidekick, Andy Richter.
Los Angeles Times Articles
|