$26 Billion Oil Mega-Merger: Diamondback Energy Acquiring Rival Endeavor

ToplineTexas oil and natural gas firm Diamondback Energy announced Monday it will buy its privately held competitor Endeavor Energy in an agreement valuing the latter at roughly $26 billion, the latest massive energy deal amid an otherwise quiet time for dealmaking. Diamondback and Endeavor, two leaders in the oil-rich Permian Basin, will combine to form a more ... [+] than$50 billion entity.AFP via Getty Images Key FactsDiamondback’s offer of roughly $17.8 billion worth of its publicly traded stock at Fr ...