Liana's Feed
Sep 17, 2015

Altice to buy U.S. firm Cablevision for $17.7 billion: sources

By Liana B. Baker

(Reuters) – U.S. cable TV operator Cablevision Systems Corp (CVC.N: Quote, Profile, Research, Stock Buzz) has agreed to a $17.7 billion takeover offer by European telecommunications company Altice (ATCA.AS: Quote, Profile, Research, Stock Buzz), according to two people familiar with the matter, the latest acquisitions in a sector struggling with declining viewership.

Shares of Cablevision, which is controlled by New York’s Dolan family, jumped as much as 16 percent to $33.12 after the bell as details of the takeover deal, which includes Cablevision’s debt, became public. The New York Times had earlier reported on the deal.

Sep 17, 2015

Cablevision to be bought by Altice for $17.7 billion, including debt – source

By Liana B. Baker

(Reuters) – Cablevision Systems Corp (CVC.N: Quote, Profile, Research) has agreed to be purchased by European telecommunications company Altice (ATCA.AS: Quote, Profile, Research) for $17.7 billion (11.41 billion pounds), including debt, a source familiar with the matter told Reuters ahead of an official announcement.

Shares of Cablevision, which is controlled by New York’s Dolan family, jumped 16 percent to $33.12 after the bell on Wednesday.

Sep 15, 2015

TA Associates to acquire Mitratech from Vista Equity -source

Sept 15 (Reuters) – Buyout firm Vista Equity Partners has
agreed to sell enterprise legal services provider Mitratech
Holdings Inc to private equity firm TA Associates Management LP,
in a deal valued at more than $300 million, a person familiar
with the matter said on Tuesday.

Vista, which acquired Mitratech in 2011, is expected to make
8.7 times its money on the deal, the source said, asking not to
be identified ahead of an official announcement.

Sep 14, 2015

Vista Equity to buy software maker Solera for $3.74 billion

NEW YORK (Reuters) – Solera Holdings Inc (SLH.N: Quote, Profile, Research, Stock Buzz), which provides technology services to insurance companies, said it agreed to be acquired by an affiliate of private-equity firm Vista Equity Partners for $3.74 billion in cash.

Vista expects the transaction to enhance its position as an acquirer of data companies and enterprise application software. The deal is the largest in Vista’s history, according to a person familiar with the matter.

Sep 13, 2015

Vista Equity agrees to $6.5 billion deal for Solera

NEW YORK, Sept 13 (Reuters) – Private equity firm Vista
Equity Partners has agreed to acquire Solera Holdings Inc
after raising its offer to $55.85 per share in cash,
valuing the insurance claims processing software maker at $6.5
billion, including debt, a person familiar with the matter said
on Sunday.

The price per share is a 13-percent premium over Solera’s
share price on Friday, when the stock closed up 3.9 percent.

Sep 11, 2015

Solera leveraged buyout talks stall over price: sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Solera Holdings Inc, the insurance claims processing software maker that has sought to sell itself in a leveraged buyout, has so far failed to agree on an acquisition price with private equity firms, people familiar with the matter said on Friday.

Buyout firms Vista Equity Partners and Thoma Bravo LLC have made offers that failed to meet Solera’s valuation expectations, the people said.

Sep 11, 2015

Blackstone considers bidding for NCR: source

By Liana B. Baker

(Reuters) – Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) is once again taking a look at bidding for NCR Corp (NCR.N: Quote, Profile, Research, Stock Buzz), according to a person familiar with the matter.

While Blackstone is considering a bid to buy the Duluth, Georgia-based manufacturer of cash registers and automated teller machines, its plans are not final and could still change, the person said, asking not to be identified because the deliberations have not been made public.

Sep 10, 2015

Exclusive: DraftKings, FanDuel both ready their next Wall Street playbooks

By Liana B. Baker

(Reuters) – FanDuel and DraftKings, the two leading fantasy sports companies in North America, are both planning their next big financial moves – including whether to raise more money privately or do initial public offerings. DraftKings says it would even consider merging with FanDuel.

Based on a number of rounds of funding they are already both worth about $1 billion each, and are growing revenue at a rapid rate as they sign up millions of Americans willing to draft virtual sports teams online and pay fees to enter competitions that last only a few hours but offer big money prizes.

Sep 10, 2015

DraftKings, FanDuel both ready their next Wall St playbooks

Sept 10 (Reuters) – FanDuel and DraftKings, the two leading
fantasy sports companies in North America, are both planning
their next big financial moves – including whether to raise more
money privately or do initial public offerings. DraftKings says
it would even consider merging with FanDuel.

Based on a number of rounds of funding they are already both
worth about $1 billion each, and are growing revenue at a rapid
rate as they sign up millions of Americans willing to draft
virtual sports teams online and pay fees to enter competitions
that last only a few hours but offer big money prizes.

Sep 8, 2015

Angie’s List names former Best Buy exec as CEO

Sept 8 (Reuters) – Angie’s List Inc appointed Scott
Durchslag, a former Best Buy Co Inc executive, as its
new chief executive officer, the company said on Tuesday.

The company, known for letting its members review local
businesses, has recorded only a handful of profitable quarters
and its shares have lagged below the price of its initial public
offering in 2011. Its shares traded up 7 cents, or 1.4 percent,
at $5.11 on Tuesday.