Well, it turns out there was no formal "denial" from Amazon to CNBC after all about it's interest in Ocado, the London-listed online food retailer.
According to Bloomberg, CNBC said it“inaccurately stated in an on-air graphic the current status of Amazon’s engagement with Ocado"...
Ocado shares are currently up around 43pc at pixel time.
There has been no confirmation, yet, of Dom Walsh's takeover story in today's The Times so little old Betaville assumes there could be a bit of short squeeze going on here, especially as Ocado is one of the most shorted stocks in the London market.
According to data provider Shortracker.co.uk, around 6.1pc of Ocado's stock is on loan to short sellers. Below is a link to Shortracker.co.uk:..
It's good to see independent bloggers leading the way again on the deals beat.
Earlier today Joel Bel Bruno, a Hollywood beat reporter, broke the story on his Substack hosted newsletter The Intersect about how Amazon founder, Jeff Bezos, has asked his advisers to explore an acquisition of AMC Entertainment, the US-listed cinema chain...
Hat tip to Jamie "Nimmers" Nimmo of The Sunday Times.
Yesterday, the intrepid hack dug out a corking line about Elliott's interest in providing the financing to bidders interested in purchasing Manchester United.
According to the original piece by Nimmers, activist hedge fund Elliott would be interested in lending to any potential Manchester United purchaser and also taking a minority stake in the Premier League football club. Below is a link to Nimmers's scoop:..
Amazon is latest US technology giant to have been touted as a bidder for Manchester United, the US-listed Premier League footbal club.
Well, that's according to football focused The Athletic, which is now owned by the New York Times. So, below is an updated list of runners and riders rumoured to be participating in the Manchester United auction:
1. Amancio Ortega, founder and chairman of Inditex, owner of Zara...
Amazon could be about to carry out its third major takeover deal of the summer.
Well, that's according to Bloomberg and the Wall Street Journal, who both revealed last night that Amazon is in the running to buy Signify Health, the US-lited healthcare technology platform...
Dealmaking in the US continues unabated and now it is spilling over to continental Europe despite the fact that most Europeans take the whole of August off for holidays...
It would appear there is a campaign on the go to break up Amazon.
First, the venerable Wall Street Journal opines in an editorial piece a week ago that it might be better for Amazon to be split into two. Below is the link:..
I see the old Mark "the Kleinmanator" Kleinman of Sky News last night popped up with his own version of the Audioboom story, suggesting both Amazon and Spotify are both considering takeover offers for the Aim-listed podcasting business. Below is the link:
Commentators, journalists and analysts were out in force this morning adding their two pennies worth to the weekend's most exciting corporate news event, airing all sorts of (potentially wild) speculation about rival offerors for WM Morrison.
For excample, George MacDonald, executive editor of Retail Week, turned up on Dominic O'Connell's BBC Radio 4 slot this morning to talk up the chance of Amazon mounting a counter bid...