Deals

Best Buy has reached an agreement with its founder and former chairman, Richard Schulze, who owns a fifth of Best Buy's shares. The accord could help facilitate a potential $8.8 billion buyout of the retailer. As part of the agreement, Schulze will be granted access to certain due diligence informa...

There was rather an exact price offered and accepted for About.com. On Sunday The New York Times Company announced that it had sold the question and answer website to Barry Diller's InterActiveCorp for $300 million in cash. The site's early expertise in search engine optimization and revenues from c...

Major changes may be in store for Hulu that will loosen up the exclusivity of content on the online video site and pour more ads into the mix, according to a confidential internal memo obtained by Variety. The document discusses the possibility that in September, Hulu owners Comcast, News Corp. and...

Best Buy has named Hubert Joly the company's new CEO, the electronics mega-retailer announced Monday. The struggling chain, which faces growing competition from online and discount retailers, said it chose Joly for his expertise in turnaround and growth. Prior to taking the position at Best Buy, Jol...

The United States Department of Justice approved Verizon's $3.6 billion bid for additional spectrum, albeit with changes mandated by antitrust regulators to ensure the deal won't lead to diminished competition, lower-quality products or higher consumer costs. Verizon Wireless will be allowed to pay...

The Ministry of Commerce in China has approved Walmart's bid to buy a controlling stake of Chinese e-commerce company Yihaodian, part of Walmart's bid to increase its global retail presence. Prior to the approval, Walmart already possessed a 17.7 percent share in Yihaodian, one of the fastest-growin...

Google has agreed to buy the Frommer's brand of travel publications. John Wiley & Sons, the publishing company that own the Frommer's travel brand, confirmed it will sell all of its travel assets to the Internet giant. The assets have been on sale since March, when the company announced it aimed...

IBM reportedly has expressed interest in acquiring the heart of Research In Motion's operations -- its enterprise services unit. This is not the first indication of a company's interest in acquiring part of the ailing BlackBerry maker, and RIM's executives have said they would consider "all options"...

HP dropped a bombshell on the investment community: The tech conglomerate said it was taking a goodwill charge, or write-down of $8 billion. It didn't say for what exactly -- just that it stems from the recent trading values of HP's stock, coupled with market conditions and business trends within th...

Once again, reports that troubled smartphone maker Research In Motion may enter a deal with burgeoning smartphone rival Samsung are making the rounds. Shareholders appeared to welcome the news, sending RIM's stocks soaring to close up 3.3 percent at $7.56. RIM may be trying to revive discussions wit...

Starbucks has selected Square to process mobile payments at its approximately 7,000 stores nationwide in the United States, in a move that could shake up the nascent mobile payments market in the country. The coffee company had introduced the first mobile payment via iPhone app in 2009. It took mobi...

Best Buy founder Richard Schulze has submitted a written proposal to buy the electronics retail chain in a deal that would value the company at as much as $8.8 billion. Schulze is currently the company's largest stakeholder with about a 20 percent share of the business. He stepped down as chairman o...

AT&T announced plans to buy NextWave Wireless in a $600 million deal aimed at boosting its spectrum holdings as the company attempts to meet skyrocketing demand from smartphone and other mobile device users. If the agreement is approved, AT&T will acquire NextWave's Wireless Communication Se...

AT&T announced plans to buy NextWave Wireless in a $600 million deal aimed at boosting its spectrum holdings as the company attempts to meet skyrocketing demand from smartphone and other mobile device users. If the agreement is approved, AT&T will acquire NextWave's Wireless Communication Se...

NTP, the patent-holding company that won $612.5 million in a 2006 case against RIM, announced Monday it has reached a settlement with 13 of the biggest players in the tech industry. Since NTP held eight U.S. patents relating to wireless email delivery, it battled most of the major smartphone manufac...