Teavana Will Acquired By Starbucks for $620M

Starbucks Coffee Co. announced that it has agreed to acquire Teavana Holdings for $620 million, chopping its way through a growing $40 billion global tea industry. Starbucks stated it “plans to continue to grow and extend Teavana’s already-successful 300 mall-based stores as well as add […]

Sandy Costing Billions With a “B”

When Hurricane Sandy blew plowed through the east coast, it became this country’s costliest storm other than Katrina. New York’s Governor Andrew Cuomo will be seeking at least $30 billion in aid from the federal government for the states cleanup costs, according to The New […]

Ancestry.com Sells For $1.6 Billion CASH!

Genealogy website Ancestry.com has agreed to an acquisition deal by European private equity firm Permira in a cash deal worth $1.6 billion, or $32 per share. Ancestry.com described the buyout as a “definitive merger agreement”. “This is a successful outcome for our public stockholders, and a great day for Ancestry.com employees and […]