Hints and tips:
...One scoop to start: Formula One owner Liberty Media is in exclusive talks to buy the company that owns MotoGP for more than €4bn, in a deal that would unite the elite car and motorcycle racing series, according...
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...More than half of single-B minus rated US companies would not be generating enough cash to cover their capital expenditure while servicing their debt by year-end, analysts at Moody’s project....
...“There is no reason to allow two of the biggest supermarket chains in the country to merge — especially with food prices already soaring,” said Sarah Miller, executive director of the American Economic Liberties...
...Its employees who want it to be on the forefront of climate change and its business, which is addicted to servicing oil and mining companies....
...(FT) News round-up Credit Suisse pegs potential Greensill fund losses at $3bn (FT) H&M and Nike face China backlash over Xinjiang stance (FT) UK willing to rescue Liberty Steel ‘in its entirety’ (FT)...
...The Liberty deal is due to be cleared by regulators this week....
...Afterwards Barrack vowed to prove his innocence, adding: “The Statue of Liberty . . . is made of steel with a patina of copper....
...(Bloomberg) News round-up Thyssenkrupp ends talks with Gupta’s Liberty over steel unit (FT) Top Deutsche banker wooed clients for Wirecard months before collapse (FT) Crispin Odey ‘lunged’ at female...
...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...
...CAA and Liberty Media declined to comment. It is unclear if Liberty wants to buy all of CAA but its record suggests the acquisition of a substantial stake would be more likely....
...Few, except for private equity with its mountains of “dry powder”, were thinking about acquisitions. But it was nothing a bit of financial stimulus couldn’t fix....
...Project Pink, the merger that brought together Telefonica’s O2 and Liberty Global’s Virgin Media, was completed using Webex, but much of the wooing was done in-person ahead of the lockdown....
...RedBall Acquisition Corp, a special purpose acquisition company, or Spac, set up by Mr Beane and Gerry Cardinale, founder of the private equity firm Redbird Capital Partners, raised $575m in August with...
...Liberty Global will make a payment to Telefónica to balance the stakes....
...Big Tech companies have been reluctant to police disinformation online, in part because of civil liberty concerns....
...The cost of servicing £350m of new debt, raised in October with a record 9.5 per cent coupon, means Metro is not expected to return to profit until 2021....
...At the annual Tulane mergers and acquisitions conference in New Orleans, there was more talk among US dealmakers about who was missing than over those that had turned up....
...Mobile company Sunrise agreed to buy UPC, Liberty’s Swiss cable company, in February for $6.3bn....
...The fund said PayPal should improve its operating margins and can reduce expenses in areas including information technology, customer service, credit servicing and collections....
...The Liberty assets are valued at between €16.5bn and €17bn but a premium and synergies would push the price up toward the €20bn mark according to analysts....
...“There is no strong cyber provider that’s servicing the small and medium enterprise space and making it accessible,” Mr Higgins said....
...Since KKR, Bain Capital and Vornado Realty took the company private in a leveraged buyout in 2005, the company has spent more than $250m a year servicing some $5bn of long term debt....
...But these days he is much happier: last year he married the model Liberty Ross at a starry ceremony attended by friends including Oprah Winfrey and Paul McCartney....
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