Verizon plans to buy AOL for $4.4 billion in an effort to find new growth avenues like mobile video and targeted advertising. Today’s graphic lists the top 20 worldwide technology/media/telecom deals, YTD.
- UK M&A activity totals $165.8 billion, more than triple YTD 2014 levels
- Europe ECM activity totals $99.4 billion, a 6% decrease compared to year ago levels
- Asia DCM hits $233.6 billion so far in 2015, down 22% compared to last year
- Energy & Power M&A hits $200.5 billion this year, up 56% compared to 2014 levels
- Technology DCM underwriting totals $61.5 billion for YTD 2015, up 41% from 2014
- Telecom ECM doubles compared to 2014 with $26.0 billion raised
Boutique Chinese financial advisors are stealing a march on global investment banks as deals pick up speed in the country’s red-hot Internet industry. Today’s graphic looks at the landscape of tech M&A in China so far this year.
Yesterday, Teva made an unsolicited $40 billion offer for smaller rival Mylan. Today’s graphic shows the top 10 pharmaceutical deals over the last year.
- France M&A activity totals $37.7 billion, down 55% compared to YTD 2014
- US DCM activity totals $642.6 billion, a 7% increase compared to year ago levels
- Europe ECM hits $79.2 billion so far in 2015, down 2% compared to last year
- Financials M&A hits $99.0 billion this year, down 20% from 2014 levels
- Consumer Products DCM underwriting totals $22.4 billion for YTD 2015, down 17%
- Technology ECM decreases 42% over 2014 with $19.4 billion raised
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Thomson Reuters Deals Intelligence delivers IB content including quarterly reviews showing trends in M&A and Capital Markets.
Earlier this month, Reuters was first to report that U.S. cable T.V. operator Cablevision Systems Corp was planning to make an offer for the New York Daily News, valuing the troubled tabloid at just $1. The offer would come one month after New York media and real estate magnate Mortimer Zuckerman said he was considering selling the newspaper and had hired Lazard Ltd to assist with the process. The Reuters report was picked up widely in the press, including the Wall Street Journal, Drudge Report, the Huffington Post, Politico, Variety and many more. In a Reuters Best: Journalist Spotlight Q&A, M&A Correspondent Liana Baker offers an inside look at how she landed the scoop.
Q. How did you score the exclusive?
A. As a former media reporter-turned-M&A reporter, I try to keep close tabs on all the high profile sales processes in the media industry. In late February, real estate magnate Mort Zuckerman put the New York Daily News up for sale. Since then I’ve been following who might be the bidders and checking in with people close to the situation. The fact that Cablevision, a large public cable company and owner of the paper Newsday, was going to bid $1 was too good a story to ignore when I first heard about it. Although on the surface it seems like a ridiculous pricetag, in the past few years, Newsweek sold for $1 and at one point, Businessweek was rumored to sell for $1. And this New York Daily News story isn’t done yet. Sources tell me that management presentations are this week with interested bidders including Cablevision.
Q. What types of reporting/sourcing were involved?
A. On the M&A team and anywhere at Reuters, we never reveal sources who speak off the record. But M&A reporters regularly check in with bankers, lawyers, company sources, traders, hedge funds and sharp analysts and most of our stories stem from conversations with these people in the know.
Q. What was the hardest part about reporting the story? (more…)
We’re pleased to present our Global M&A Financial Advisory Review for the first quarter of 2015. Check out the highlights below and make sure to join our webcast on April 14th, presented by Matthew Toole, Head of Deals Intelligence along with agenda-setting financial insight from Jeff Goldfarb, US Editor, Breakingviews.
On Friday, March 27th, Reuters exclusively revealed that online fashion retailers Yoox and Richemont’s Net-a-Porter are trying to resuscitate merger talks that took place more than a year ago to better fight cut-throat competition. The scoop, by European Luxury Goods Correspondent Astrid Wendlandt, reported that talks came as Net-a-Porter founder Natalie Massenet is in the final stretch of negotiating her five-year payout deal with Richemont which could reach more than 100 million euros based on the value of her online company. The news was confirmed on Tuesday when Yoox bought Net-a-Porter in an all-share deal. In a Reuters Best: Journalist Spotlight Q&A, Astrid offers a behind-the-scenes look at how she scored the exclusive.
Q. How did you score this exclusive?
A. By cultivating good industry sources in London, Paris and Milan. A recent trip to London helped a lot in cementing good relations with those sources. People also tell you more face to face than over the telephone.
Q. What types of reporting/sourcing were involved?
A. I speak to many different types of people so I can cross-check what people tell me. This means that I have to have drinks, lunches or long coffees with my sources regularly and sometimes even go to bed pretty late and start very early. One rarely gets scoops by staying in the office!
Q. What was the hardest part about reporting the story?
A. Juggling with other Paris bureau duties while I was writing the story and then during the weekend, having to juggle family life – I am the mother of a three-year-old who does not care much about her mummy getting a scoop. The eternal work/life balance….
Q. What makes you passionate about journalism? (more…)
We’re pleased to present our Global Investment Banking Review for the first quarter of 2015. Check out the highlights below and make sure to join our webcast on April 14th, presented by Matthew Toole, Head of Deals Intelligence along with agenda-setting financial insight from Jeff Goldfarb, US Editor, Breakingviews.