Hints and tips:
...BDO’s transformation from a partnership has been hailed in some quarters as a way to increase its financial flexibility at a time when executives are hunting for capital to fund acquisitions and technology...
...PE firms already use NAV loans to fund dividends to investors or finance acquisitions, but are novel as a deleveraging tool....
...(MgmtCo is how SoftBank describes Masa’s Delaware-incorporated MASA USA LLC vehicle.)...
...It took Google 14 months before it could close its $2.1bn acquisition of Fitbit. Shareholders should expect the same foot-dragging with the Mandiant deal....
...Before he turned 40, Black had risen to become Drexel’s head of mergers and acquisitions. One of his clients was Carl Icahn, who used Drexel funds to take over Trans World Airlines in 1985....
...He added that the acquisition was both “strategic and somewhat defensive” as Google seeks to “compete aggressively with the much larger AWS and [Microsoft] Azure”....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...The acquisition brings expertise in cryptography to AWS, he added....
...Vice is laying off more staff and has shelved plans to merge with a special purpose acquisition vehicle....
...One huge job move to start: Amazon chief executive Jeff Bezos will step aside later this year to become executive chairman, making way for Andy Jassy, who currently heads up its cloud computing division, AWS...
...He says that for 15 years, half of the carried interest he was entitled to from Vista’s premiere fund was filtered through a Nevis LLC called Flash Holdings, owned via bearer shares by a Belize foundation...
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...Reverse past acquisitions A third option for restructuring Big Tech would involve unwinding past acquisitions, such as Facebook’s purchase of WhatsApp and Instagram, and Google’s of YouTube....
...Our current FY21E estimates effectively assume flat admissions versus FY19 (which were 14% below FY18 in the USA)....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...recuses himself from T-Mobile-Sprint merger decision (NYPost) KKR reaps benefits of restructuring as earnings top view (FT) Beyond Meat looks to raise up to $240m in upsized IPO (FT) Cable operator Altice USA...
...In addition, high liquidity headroom gives management the option to pursue any countercyclical and value-accretive acquisition....
...That is reflected in the fact that the UNFI lawsuit targets three different entities — Goldman Sachs Group, Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC....
...Athene was set up by Apollo in 2009 as a separate insurance company to sell retirement annuities to individuals and it has acquired blocks of annuities from traditional insurers such as Aviva USA which want...
...Microsoft explored an acquisition of Salesforce two years ago, in a deal that would have filled a gap in the software company’s portfolio and turned it overnight into a leader in both cloud applications...
...Dr Soon-Shiong was brought in as an investor by Mr Ferro in 2016 when Tronc was fending off a takeover attempt from Gannett, the publisher of USA Today....
...Salesforce named AWS as its first “preferred provider” of cloud computing infrastructure last year....
...Before joining FS Investments, he was chief executive officer at ORIX USA Asset Management, and co-chief executive officer and chief investment officer at FrontPoint Partners....
...It also owns the Miss Universe and Miss USA beauty pageants, Global eSports Management and Professional Bull Riders....
International Edition