Tick Tock

Wednesday, 22 February 2017, 6:51 pm

Two days on and the upper echelons of the financial media world are still picking over the carcass of the failed Kraft Heinz / 3G / Warren Buffett / Unilever deal.

Probably the best newspaper piece out there is the "tick tock" by Arash Massoudi and James Fontanella-Kahn in today's Financial Times. Here is the link in case you haven't read it:

https://www.ft.com/content/d846766e-f81b-11e6-bd4e-68d53499ed71

Bloomberg also joined in by raking over the collapsed transaction in its "Deal of the Weak" podcast - https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vrYUVnX10ZNI/v2.mp3.

This was a rather amusing affair as the reporters involved reacted with incredulity that a story of such magnitude could be broken on a blog, in this case FT Alphaville. It was almost as if the Bloomberg hacks were trying to claim FT Alphaville hadn't broken the story because there was no "attribution" to "people familiar with the matter".

Er, excuse me me but the last time I checked a long list of price sensitive M&A stories have been broken, in Blighty at least, by market reports, broadcasts and blogs, including one know as (little old) Betaville...

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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