M&A activity outlook for 2024 after termination of big deals
01/30/2024 04:22
Amazon (AMZN) is terminating its pursuit of acquiring iRobot (IRBT), while JetBlue Airways (JBLU) calls off its merger with discount operator Spirit Airlines (SAVE). These are just two of the top M&A headlines as the market is enthusiastic about other big-name deals announced for 2024. Barron's Reporter Jacob weighs in on the regulatory environment for M&A dealmaking. "In the airline space, it's going to be a little bit tougher from a regulatory standpoint," Sonenshine tells Yahoo Finance. "With airlines in the US... you had JetBlue... trying to make a play for another small discount airline. They would have to buy that for $3 billion, JetBlue doesn't even have $1 billion in cash. It would have to use a lot of debt, it would be a very difficult deal to do." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Amazon (AMZN) is terminating its pursuit of acquiring iRobot (IRBT), while JetBlue Airways (JBLU) calls off its merger with discount operator Spirit Airlines (SAVE). These are just two of the top M&A headlines as the market is enthusiastic about other big-name deals announced for 2024.
Barron's Reporter Jacob weighs in on the regulatory environment for M&A dealmaking.
"In the airline space, it's going to be a little bit tougher from a regulatory standpoint," Sonenshine tells Yahoo Finance. "With airlines in the US... you had JetBlue... trying to make a play for another small discount airline. They would have to buy that for $3 billion, JetBlue doesn't even have $1 billion in cash. It would have to use a lot of debt, it would be a very difficult deal to do."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.