An acquisition occurs when one firm, the acquirer, buys another firm, the target. The acquisition of Super Toys by Food Stores was likely to be a success story, because the two firms had similar strengths that would help them fit well together.
- A Year in Publishing: Secret Meetings and the Powerful Threat of DigitalPublishing houses are scrambling to determine how to cope with the rise in digital reading. The iPad, the Kindle, the Nook and the Sony Reader, the strongest players in the eReader market, are four of the biggest threats to the print publishing industry. With everyone reading on a screen, how do publishers make a profit? Just this week, on December 18, Pearson Plc’s Penguin Group, a book publisher, reached a settlement with the U.S. Department of Justice in a case in which Penguin was accused of forging a deal with Apple to prevent other ebook sellers from discounting their prices. Wharton Global Youth explores this bold deal between Apple and book publishers, the resulting anti-trust lawsuit and the future of traditional book publishing.
- Credit in China: A Culture of Consumer Spending?Since being introduced in 1985, the number of credit cards issued in China has grown at an astonishing rate, reaching 285 million in 2011, five times the number in 2006. MasterCard projects that annual credit card spending in China will more than double by 2025, and over the next decade, the country is expected to become the largest credit card market in the world by number of issued cards, overtaking the United States. This article, written by William Hart, Thomas Kidd, Lane Rettig and Nicholas Walker, members of the Lauder Class of 2014, takes a look at consumer credit in China.
- A 'Sneakerhead' Shares His Simple Strategy: Buy Low and Sell High
- Career Insight: Elvis Zhang on Making Cities Better
- Baseball and Big Data: How Statistics and Analytics Are Changing the Game