Veteran City columnist Alex Brummer has this morning dedicated most of his column in the Daily Mail to the BT Group bid rumour that been circulating the London market for the last four years (at least)...
Hat tip to the the Genteel Hustler for making it onto the front page of the The Sunday Times business section in his first week on the title with a scoopette about Peter Chernin weighing a £1 billion takeover bid for British TV production house All3Media...
John Malone's Liberty Global has just bought a stake in Vodafone, the FTSE 100-listed telecoms giant.
Liberty Global now has 5pc of Vodafone, with Mike Fries saying the stake is an "opportunistic and financial investment". Below is a link to today's press release...
There is a big buzz around BT Group this morming amid reports from India claiming that Reliance Industries is weighing a multi-billion pound bid for the ailing telecommunications company.
According to The Economic Times, Reliance - which is controlled by Mukesh Ambani, supposedly Asia's "richest man" - is considering making an offer for the whole of BT Group, which recently saw French billionaire Patrick Drahi come onto the register with a large shareholding...
There were quite a few articles that caught Betaville's in the Sunday newspaper business sections this week.
Indeed, one of the most interesting pieces was an on the record, set piece interview by Jim "Armo" Armitage, The Sunday Times business editor, with Nick Read, chief executive of Vodafone...
Apologies for the tardy review Betavillers; I was tied up with a few things yesterday, including having a row with a rather rude man from GlaxoSmithKline.
Anyway, I spotted a couple of interesting snippets in the Sunday newspaper business sections yesterday...
Oliver "Shahsy" Shah was talking up the prospect of a takeover bid for FTSE 100-listed BT Group takeover in his column in today's The Sunday Times business section. Below is the link:
https://www.thetimes.co.uk/article/a-takeover-bid-for-battered-bt-is-only-a-matter-of-time-3bzlt8d92..
If you were wondering how Patrick Drahi's Altice managed to suddenly turn up with a 12.1pc stake in BT Group then you should read Alistair Osborne's column in today's business section of The Times.
According to Alistair's piece, Drahi's advisers at Morgan Stanley and BNP Paribas bought most of the stock on their own accounts in small batches via derivatives and then handed it over to Drahi's sub-3pc holding. Below is the link to the full column:..
Patrick Drahi, the French telecoms billionaire, has finally revealed his hand regarding his interest in BT Group.
This morning Altice, the telecoms company controlled by Drahi, has revealed it has bought a 12.1pc in the London-listed telecoms giant.
Now, for loyal followers of my work news of Drahi's interest may not come as too much of a surprise...