Hat tip to the boys over at FT Alphaville for breaking the Reynolds American bid for Lorrilard story on Markets Live this morning...
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 email@example.com.
Here is an interesting little story about a company backed by the Guardian Media Group.
I have just managed to obtain John Roberts's business card thanks to a loyal Betaville reader.
Mr Roberts is the chief executive AO.com and just made a cool £86m from the float of his online white goods retailer (good for him, by the way).
It's not a big, clear photo but it's an image nonetheless.
Here you go:
Interesting to see the Financial Times report today that China Mobile may want to buy stakes in European telecoms companies. See the link: http://www.ft.com/cms/s/0/1ffe8c84-9e20-11e3-95fe-00144feab7de.html#axzz2uLMyQZUz..
There is a peculiar theory (to be clear, this is just a rumour and not a genuine scoop like some of my previous posts) doing the rounds in the market. It goes something like this: Vodafone is interested in buying French telecoms company SFR back from Vivendi.
Can loyal Betaville readers get hold of, or take a picture of, the business card of John Roberts, the chief executive of AO.com?
AO.com is the appliances business that is due to imminently list on the London market with a valuation of almost £1.5bn.
I am told Mr Roberts's business card is rather amusing. If you do come across it, please email to firstname.lastname@example.org...
Fantastic news! Dixons and Carphone Warehouse have confirmed my scoop from earlier this morning about their merger talks on the regulatory news service.
I have pasted the most important parts of the announcement below:..
Chris Hohn, the founder of The Children's Investment Fund, has denied he is the secretive hedge fund manager who has recently been snapping up beautiful properties in Belsize Park and Primrose Hill.
Some of my sources claimed Mr Hohn, who is well-known in the City for his aggressive style of shareholder activism, was behind the purchase of the Belsize Park property (see the picture below) in yesterday's Betaville post...
The mysterious tale involving the hedgie and the £20m plus Primrose Hill mansion continues.
Some of my sources are sure the secretive hedge fund manager has recently bought another beautiful property in Belsize Park - just round the corner from Primrose Hill pile.
Looks like he/she is doing some serious renovation work.
Indeed, multi-million pound renovations, such as sticking an olympic size swimming pool on a second lower ground floor underneath your brand new mansion seems to be the vogue thing to do nowadays. Whether that's the plan with this lovely house remains to be seen...
Gary Parkinson's Trading Secrets column in today's The Times is highly amusing - here is a link to it in case you haven't had a chance to read it.
Bloggers have set the agenda for the this weekend's newspapers.
The business sections of both The Times and The Sunday Times splashed on Betaville's Friday afternoon scoop about the billionaire Ruia brothers making an £900m offer for FTSE 250-listed Essar Energy, which was later confirmed on the regulatory news service...
Remember Essar Energy? The Indian oil and gas group that floated in 2010 in one of the worst debut performances of any new London-listed company in almost a decade.
Back then, the new shares were issued at 420p and slumped 7pc on the first day of trading. Since the flotation in 2010, the stock has tumbled to almost 57p...
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