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...However, the acquisition may attract regulatory scrutiny....
...KKR was an original majority shareholder in BMG when the music company was relaunched in 2008, but sold out to its partner Bertelsmann, the German media company, five years later....
...The video gaming sector had “huge potential”, said Phil Mansell, chief executive of Jagex....
...One scoop to start: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternatives group uses acquisitions...
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...Blackstone has said it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for mergers and acquisitions comes back...
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...company said....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...As chief executive, he oversaw the $54bn acquisition of BG Group, set Shell’s first climate targets and pushed the FTSE 100 group further into new areas such as biofuels, hydrogen and renewable power....
...In 2017, JPMorgan advised Disney on its blockbuster $71bn acquisition of 21st Century Fox. Dimon’s decision to intervene in a sensitive matter is not a first for the veteran banker....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...Buyout groups are betting they can grow these businesses through acquisitions and turn many into companies large enough to eventually be listed on public markets....
...Last week, Kutay led a $16.5bn acquisition of Catalent. Novo Nordisk paid Novo Holding $11bn to take on three Catalent sites, tackling its supply headache. Now, Kutay is looking for more big deals....
...However the company had €2bn in free cash flow from operations last year, and the group views the purchase of key real estate assets as part of its long-term strategy....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...And under chair Lina Khan, the US Federal Trade Commission brought its first lawsuit targeted at serial acquisitions by private equity firms, targeting Welsh, Carson, Anderson & Stowe over its takeovers...
...Separately, Morgan Stanley’s credit arm last month committed $700mn to buy song copyrights with music company Kobalt....
...Fundamentally, the playbook may be simple: buy Jagex, use RuneScape’s reliable profits to make some further acquisitions and finance any takeover debt, juice the valuation, then sell it on to the next company...
...The group has revved up its activity with a flurry of large deals, including the acquisitions of a utility company in Indiana, the dog walking app Rover and a large portfolio of bank loans from US financial...
...Merck and medical device maker Boston Scientific also announced acquisitions. The tail-end of last year also ushered in big deals....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...Under Iger’s leadership, he argues, the media and theme park group waited too long to develop a streaming strategy, overpaid on its $71bn acquisition of Fox, which closed in 2019, and let creativity at its...
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...Hulu’s future has been in limbo since 2019, when Disney lifted its stake in the company to 67 per cent through its blockbuster acquisition of 21st Century Fox....
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