So, the private equity consortium purchasing Zendesk is paying $77.50 a share for the business.
That's a lot less the rumoured price being touted by rivals Dealreporter in May. Back then Dealreporter claimed Zendesk was holding out for $140 a share after rejecting an offer from private equity pitched at between $127 and $132 a share...
It was on, then it was off - and now it is, according to the venerable Wall Street Journal, back on again.
That's the $17 billion leveraged buy-out of Zendesk, a US-listed company that builds software to improve customer relationships.
Earlier this month Zendesk said it would stay independent after holding talks with potential buyers because the choppiness in financing markets was making it harder to find the debt for private equity deals...
The boss of Credit Suisse is pouring a large bucket of cold water on Inside Paradeplatz's tale about a sale to State Street, the US-listed custody giant.
And the powerful media organisations are eating up. Indeed, the Wall Street Journal is reporting that Thomas Gottstein effectively called the Inside Paradeplatz story "stupid" at a Goldman Sachs conference today. Below is a link to the story with the full quotes:..
A big deal story broke yesterday evening in the US - Broadcom, the US-listed chipmaker, is said to be in talks to buy VMWare, a cloud computing company.
Well, that's according to reports at Bloomberg and the Wall Street Journal, which seem to suggest talks about a cash and stock deal are "advanced".
Below are the links to their pieces:..
EG Group, the owner of Asda supermarkets, and Alimentation Couche-Tard are reportedly in deal talks as part of a transaction that could value the former at $16 billion.
Well, that's according to hacks at the Wall Street Journal, which rather annoyingly is on a bit of decent run of digging out scoops...
The venerable Wall Street Journal has just published a whopping deal scoop.
According the publication, a consortium of private equity firms that includes Elliott Management, the hedge fund giant led by Paul Singer, are in talks to take Nielsen Holdings, the TV ratings company, private for around $15 billion. Below is the link to the tale:..
Another cracking tale from the deals team at the venerable Wall Street Journal.
Cara Lombardo and Liz Hoffman report Healthcare Trust of America Inc., which owns and operates medical-office buildings around the country, is in advanced talks to combine with smaller rival Healthcare Realty Trust Inc. in a deal that could create a company worth more than $10 billion...
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:..
The venerable Wall Street Journal's deals team dug out a corking scoop late on Friday night about technology giant Cisco making a $20 billion approach for the wonderfully named Splunk, the US-listed software business. Below is the link:
https://www.wsj.com/articles/cisco-made-20-billion-plus-takeover-offer-for-splunk-11644622277..
I see rivals at The Wall Street Journal are claiming to have an "exclusive" about Oracle's $30 billion takeover of Cerner Corporation, the health information technology company. Below is the link:
https://www.wsj.com/articles/oracle-in-talks-to-buy-cerner-11639697730..