So, Norwegian media group Adevinta ASA has finally confirmed the details of the EURO 14 billion takeover offer from a consortium led by American private equity house Blackstone. Below is a link to the details of the deal:
The old Kleinmanator is on fire!
This morning Mark "The Kleinmanator" Kleinman of Sky News reveals in is City AM column that WPP, the FTSE 100-listed advertising giant, has been at the centre of takeover rumours, suggesting American private equity firms Blackstone and Silver Lake are the two firms interested in buying the business. Below is the link to his piece:..
I see Adevinta has confirmed little old Betaville's UNCOOKED Alert about the takeover rumours.
Off course arch rivals at Bloomberg are trying to claim the scoop because the financial media behemoth published its tale last night about Blackstone and Permira's interest a couple of hours before Adevinta released its statement. Below are the relevant links:..
Today is turning into another Merger Monday. So far this morning it's been announced that:
1. Glencore has made a $23 billion hostile all-stock takeover offer for Canadian mining company Teck Resources Ltd. Below is a link to the Glencore announcement:..
So, perhaps Merve Metcalfe of Dean Street Advisors has a point after all.
His interview about cheap valuations and take privates of British conmpanies on the Powerscourt Friday Fix podcast series went out on a Friday and by Monday morning American private equity giant Blackstone had announced the £500 million purchase of London-listed property company Industrials REIT.
Metcalfe, though, doesn't appear to have any involvement with that deal...
Blackstone is set to carry out the biggest private equity buy out in months.
According to hacks at the Wall Street Journal, Blackstone has struck a deal to purchase 55pc of Emerson Electric's division that sells compressors used for commercial and residential heating...
Perhaps Betaville was being too snarky about Dealreporter's Ubisoft Entertainment tale.
A loyal reader points out that the Dealreporter piece reveals the Guillemot family, who founded Ubisoft in 1986, is assessing doing a deal with a private equity firm.
That fact is extremely important because the Guillemot's were viewed a possible impediment to a takeover following an approach several years ago at a much higher price...
You might be wondering why Ubisoft Entertainment's shares have spiked almost 10pc this afternoon.
Well, it's because Dealreporter have just pumped out their own version of the takeover tale that was first aired by Bloomberg a few days ago.
Dealreporter's story is somewhat after the horse has bolted but the the topline from Betaville's erstwhile employer is:..
Betaville is rather grumpy this morning.
That's because arch rivals at Bloomberg scooped little old Betaville on a story I was chasing late last week.
The tale was about French video games publisher Ubisoft Entertainment, which is attracting takeover interest from a variety of buyers.
According to hacks at Bloomberg US buy-out giants Blackstone and KRR are two of the big private equity funds circling Ubisoft...
So, it looks like rivals at Bloomberg have nailed the Atlantia scoop about the Italian airport to toll roads owner and operator.
According to the news agency there are several parties circling the business including American private equity giant Blackstone, Canadian firm Brookfield and Global Insfrastructure Partners, the specialist infrastructure fund that invested in Gatwick Airport...