A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.

Capital One agrees to buy Discover Financial for $35 billion

Tuesday, 20 February 2024, 7:50 am

American financial media outfits Bloomberg and the Wall Street Journal were clearly onto something when they began to report yesterday that lender Capital One was in talks to buy credit card firm Discover Financial.

Overnight the deal was announced, with Warren Buffett-backed Capital One agreeing to buy Discover Financial for just over $35 billion in stock. Below is a link to the press release:..

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The newspaper City diary, the newly formed company and the mystery takeover bid ...

Monday, 19 February 2024, 1:01 pm

A good spot from the Evening Standard's City Spy column.

Hacks who write the column at the London-based free sheet discovered that new company has been formed at Companies House called 'Urban Logistics Bidco'. Below is a link to the company at Companies House:

https://find-and-update.company-information.service.gov.uk/company/15394134/filing-history..

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Waterstones owner said to plot £700 million takeover bid for Currys, reveals Sky News

Saturday, 17 February 2024, 10:05 am

Mark "The Kleinmanator" Kleinman of Sky News has just popped up with a cracking Saturday morning scoop.

Elliott Advisors - the activist investor that owns British book chain Waterstones - is plotting a takeover bid for London-listed Currys, the electrical goods retailer, according to Kleiny, a former colleague during my time on the The Daily Telegraph.

Below is a link to the Kleinmanator's scoop in case you want to read the whole thing:..

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Bears maul Temenos ...

Friday, 16 February 2024, 8:14 am

Bears gave Temenos, the Switzerland-listed banking software company, a good mauling yesterday.

Activist short seller Hindenburg Research, led by Nathan Anderson, unleashed a scathing research note containing a vast list of seriously punchy allegations. For legal reasons those allegations can't be repeated in these pixels but if you want to read them all I have pasted the link below:..

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THG founder builds stake in THG activist ... - Part 4

Wednesday, 14 February 2024, 3:55 pm

Matthew Moulding continues to build his shareholding Kelso, the activist firm that has been pushing for a break up of THG, the London-listed online retail group set up by the controversial businessman.

Kelso, led by stockbroker John Goold, this morning declared that Moulding, who now owns City AM, has upped his shareholding to 8.4pc of the investment vehicle. Below is a link to the announcement:..

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Betaville Intelligence

UNCOOKED ALERT: Believe SA said to ... - Part 3

Monday, 12 February 2024, 5:41 pm

Apologies for tardy update Betavillers but I didn't notice that Believe had finally confirmed little old Betaville's UNCOOKED Alert from late last year.

In case you don't recall, little old Betaville published an UNCOOKED Alert about the takeover rumours surrounding the France-listed music services company Believe in early December 2023. Below is a link to that story:..

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Tags: Believe, EQT
Betaville Intelligence

UNCOOKED ALERT: Saras S.p.A said to ... - Part 9

Monday, 12 February 2024, 6:44 am

After months of wrangling among various parties the Saras takeover deal is set to happen.

The Moratti family is selling its 35pc shareholding to Vitol for EURO 1.75 a share, which will trigger a mandatory offer from the Switzerland-based Dutch commodity trading house for the rest of the Italian oil refiner at the same price.

So that's not quite the EURO 2.2 a share reported by the Italian newspapers last week!..

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Tags: Saras, Vitol

Diamondback Energy poised to acquire Endeavour Energy for up to $30 billion, reveals the Wall Street Journal

Monday, 12 February 2024, 6:14 am

Consolidation among the medium-sized oil producers continues unabated.

Diamondback Energy is set to buy privately-owned Endeavour Energy for up to $30 billion, according to the Wall Street Journal.

The newspaper added a deal could be announced as early today. Below is a link to the WSJ report:..

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Betaville Intelligence

UNCOOKED ALERT: Saras S.p.A said to ... - Part 8

Friday, 9 February 2024, 8:06 pm

So, the Moratti have finally confirmed what loyal readers of this website will have known for quite some time - that talks about a potential deal involving Italian oil refiner Saras are taking place.

Today's statement came after a report in Italian newspaper MF revealed that commodity trader Vitol had offered to buy the Moratti's stake in Saras at EURO 2.2 share.

Below is a the full statement from Saras:..

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Tags: Saras

[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].