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Google-Fiat Self-Driving Car Deal

Welcome to the Self-Driving issue of M&A Daily

Google (GOOG/GOOGL) and Fiat (NYSE:FCAU) are writing up a new partnership. The partnership will develop self-driving cars using Fiat's manufacturing and dealer network. As part of their auto efforts, Google is building a new facility in Novi, Michigan just outside of Detroit.

In other Google deal news, the CEO met with the Telegram messaging app founder to discuss buying the company for $1 billion. In a smaller deal, Google is part of the $100 million funding round for Goldman (NYSE:GS)-backed Symphony, which is developing a secure messaging service for people in the financial business.

Google, Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) have a total of 189,505 employees. As of this writing, 0 have donated to Donald Trump, according to the latest FEC data.


Rovi (NASDAQ:ROVI) is buying TiVo (NASDAQ:TIVO) in a $1.1 billion cash and stock deal. TIVO holders get $10.70 per share in cash and stock. Rovi will pay $2.75 per share in cash, subject to a collar, and $7.95 per share in stock. The deal is expected to be good for $100 million of synergies. Thank you, Engaged Capital, for a good deal.

Parkway Properties

Cousins (NYSE:CUZ) is buying Parkway Properties (NYSE:PKY) in a $3.6 billion deal. PKY holders get 1.63 CUZ shares for each share owned. The companies will also spin-off the Houston-based assets of both companies into a new publically-traded REIT.

Time Warner Cable

The Charter (NASDAQ:CHTR) CEO sounds confident regarding his acquisition of Time Warner Cable (NYSE:TWC) on his earnings call,

Turning to the closing process with TWC and Bright House, on April 12, the administrative law judge assigned by the California PUC to review our transactions recommended that our transactions be approved by the California Public Utility Commission. We expect the CPUC to vote on the...