Hints and tips:
...I’m not sure of the market relevance of either point, but there you go. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Alphabet, Meta, Microsoft and Apple hold dominant positions in increasingly mature industries (digital ads, enterprise software and smartphones)....
...“Platforms are dealing directly with enterprise clients,” he adds. “SMEs can work directly with Google and Meta.”...
...t=Y9t0T-RnJMxWG5hi8C5-OA&s=19 Further reading:— Putting a price on Tesla post Musk (FTAV)— The Tesla financial complex (FT)...
...In 2007, Greenhill recorded annual revenue of $400mn when the S&P 500 was around 1,500. Today the index is above 4,000. Yet Greenhill never again exceeded $330mn in annual revenue....
...One scoop to start: I’m Brooke Masters, the US Financial Editor, writing to you one more time before Harriet Agnew returns....
...Dell has himself transformed his legacy hardware company into an enterprise software powerhouse through M&A. Traditional equipment makers had fallen from favour with investors....
...I’m dying to find out how this ends....
...A version of this article was first published by Nikkei Asia on March 14 2022. ©2022 Nikkei Inc. All rights reserved....
...I’m sure labour and supply constraints didn’t help, but this was not, fundamentally, what was going on. What was going on was that Zillow was underwater on a bunch of houses....
...A partition between [bond] yields and financing for [small and medium enterprises], for example, should be feasible....
...While firms working on M&A and securities are busy with buyouts, Spacs and IPOs, experts in Chapter 11 have twiddled their thumbs....
...That works out at 23 times forecast sales, on S&P Capital data, in line with peers like Paycom Software, albeit well below zeitgeisty Zoom Video....
...While the stock is still underperforming the benchmark S&P 500, the gap between the two has narrowed dramatically since the start of the third quarter....
...et al v....
...Noble’s debt, included in the acquisition, amounts to almost $9bn against assets currently valued at just over $17bn, according to S&P Capital IQ....
...However whether Tim Cook, who has been reticent to wield Apple's cash pile for M&A so far, would be keen to do a deal is another matter....
...AstraZeneca’s M&A team probably has an entire alphabet of deal codenames on the go at the moment. In that context, was serious contact made to Gilead? Yeah, probably....
...Global M&A in the sector so far this year, at more than $80bn, is already twice 2018’s total. Investors should expect valuations to keep rising as the land grab intensifies....
...I’m very suspicious of the long-short guys but I would not tar all alternatives with the same brush....
...But Edgewell, maker of Schick razors and Edge shaving cream, has an enterprise value of just $3bn, so suddenly Harry’s is a big part of its value proposition....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...WPP will also reduce is planned capex from £400m to v£300m....
...Any deal would value the company at more than NuVasive’s enterprise value, which sat at $3bn at the time of writing....
...I’m not the operator [but] I’m their partner.”...
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