A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at firstname.lastname@example.org. 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.
I thought dealmaking in the UK was about to slow down until the New Year but today it would appear I may have been proved wrong.
Jon Rees, deputy business editor on the Mail on Sunday, reveals that Comcast, the US media giant, is weighing an £11 billion pound takeover bid for ITV after holding talks with the FTSE 100-listed broadcaster.
Here is a link to Jon's cracking story:..
The Stryker for Smith & Nephew rumour has returned roughly a year after Bloomberg was putting it about the market...
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer - part 2
The Australian appears to have ripped off one my news lines (well, the one about Macquarie dropping out as a principal bidder) from the London City Airport story I published earlier this week...
I see micro cap Inspirit Energy has essentially confirmed my tale from earlier in the week. In case you missed it, I have pasted the main thrust of this morning's press release below:..
I have taken a lot of stick since I published my original article on Fagron, the Belgian pharmaceutical company, a few weeks ago...
Here's an interesting nugget about a little AIM-listed company chaired by one of the London market's most colourful dealmakers - David Lenigas...
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer
I have a little update on the sale of every City dealmakers' favourite airport.
Ever since news of the £2 billion sale of London City airport broke in the Financial Times this summer bidders have been circling the asset.
Well, first round bids are in and Global Infrastructure Partners is now in the process of drawing up a shortlist of potential acquirers that will be taken into the next round...
Here is a link to my last session on Tip TV until the New Year:
Equity, high yield debt and corporate bond markets might be tumbling today but there is one asset class that is flirting with levels not seen since the great credit boom of the mid-noughties - leveraged loans...
Bryce Elder's stock market report column in the Financial Times caught my eye this morning.
The intrepid hack led his column with a juicy market tale about how UBS - British American Tobacco's longstanding corporate broker and financial adviser - had decided to stop carrying out equity research on the tobacco sector despite recently poaching a top sector analyst from Bank of America Merrill Lynch.
Here is a link to Bryce's piece:..
Ping! Another email arrives containing a press release celebrating the fact that it's been a "record" year for global dealmaking. The latest missive comes from Deloitte, whose release is entitled:..
It would appear a takeover is Ed's Easy Diner (I'm not going to describe the chain as "tired" and "old" as last time the company spokesperson rang me to whinge so I will leave it the reader to decide what they think of the concept) is moving closer to completion...
I'm glad to see Bridgepoint, the UK-based private equity firm, has finally confirmed it's sold LGC to US buy-out giant KKR...
Moose and Zak teamed up this week to interview me on the M&A market. Here is a link today's show:
A lot has been made of the quote that James Murdoch gave to the Hollywood Reporter a few months ago.
Indeed, the quote appears to have triggered banker gossip - highlighted by the Financial Times yesterday - that perhaps the Murdochs/Fox are sellers of the 40pc stake in Sky.
I have pasted the quote below in case you don't remember or haven't read the relevant paragraph from the Hollywood Reporter article:..
Here's an interesting piece from FT hack Matthew Garrahan:..
Below is Bank of America Merrill Lynch's latest piece of research on Imperial Tobacco, which appears to suggest China National Tobacco Corporation is the most credible suitor for the FTSE 100-listed company.
Do you remember Wellness Foods?..
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