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Jun 6, 2013
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Springer Science IPO: subscription needs research

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

People who want to keep up with “Siberian Advances in Mathematics” and the “American Journal of Potato Research” must pay up for the privilege. Costly journal subscriptions lie behind the success of academic publisher Springer Science+Business Media. But investors should do some serious research before subscribing to what could be a fully priced Frankfurt IPO.

Jun 4, 2013

German double bill could make sense for Vodafone

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By Quentin Webb

LONDON, June 4 (Reuters Breakingviews) – Vodafone’s (VOD.L: Quote, Profile, Research)
German double-bill could make sense. The British mobile group is
once again eyeing Kabel Deutschland (KD8Gn.DE: Quote, Profile, Research), the Wall Street
Journal says, for a takeover that could top 10 billion euros

May 21, 2013

Breakingviews:Vodafone’s drab results are a sideshow

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Quentin Webb

LONDON, May 21 (Reuters Breakingviews) – Vodafone’s (VOD.L: Quote, Profile, Research)
predictably drab results are something of a sideshow. The key
question for investors remains whether Chief Executive Vittorio
Colao can agree a good deal for partner Verizon Communications
(VZ.N: Quote, Profile, Research) to buy Vodafone out of the duo’s U.S. joint venture.

Apr 25, 2013
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Pressure builds on Vodafone to make U.S. exit

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By Quentin Webb

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Pressure is building on Vodafone to make a U.S. exit. The latest in a string of deal stories says partner Verizon Communications has hired advisers for a potential buyout of the duo’s mobile joint venture, Verizon Wireless.

Apr 22, 2013
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ABB takes a shine to solar

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

ABB’s contrarian push into solar energy looks smart. The Swiss group is buying Nasdaq-listed Power-One for $1 billion in cash – a fully priced deal, given the solar industry’s current financial misery. But ABB insists Power-One occupies a sweet spot. That sounds plausible, and long term, the deal should add up.

Apr 15, 2013
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CVC takes opportunistic tilt at Betfair

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

CVC is taking an opportunistic tilt at Betfair. The buyout giant’s admission that it may make a bid for the UK gambling outfit follows Betfair’s terrible run since flotation. But CVC could struggle to persuade investors to fold their hands at this stage.

Apr 9, 2013
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Satellite IPO launches risk tolerance into orbit

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Intelsat’s initial public offering could be a telling launch for stock markets. The owners want a full valuation despite the satellite operator’s slow growth and stratospheric debt. If investors are ready to buy, it suggests risk tolerance is heading sky-high.

Apr 4, 2013
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Deal prospects make Vodafone look cheap

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By Quentin Webb and Robert Cyran
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Deal prospects make Vodafone look cheap. An optimistic reading of the underlying valuations suggests M&A could deliver shareholders in the London-listed mobile giant perhaps 35 percent more value than they have now. That’s an extra 31.5 billion pounds ($47.6 billion). But unlocking this would entail huge deals and huge headaches to match.

Apr 3, 2013
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Tele2′s Russia retreat may spur mobile competition

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Tele2 is making a decent Russian exit, all considered. The Swedish telecom is selling its unit there for $3.55 billion to state-backed VTB. Attempts to gatecrash the Kremlin-blessed deal look forlorn. And life may get harder for Tele2’s bigger rivals.

Mar 22, 2013
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Maybe “Gucci” didn’t work. But “Kering”: really?

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It sounds like caring, there’s a hint of Breton, and it comes with an owl. PPR is becoming “Kering”. Renaming the parent company will hardly deter buyers of the French group’s illustrious brands, such as Gucci or Bottega Veneta. But this latest corporate offence against language hints at worrying groupthink within PPR – sorry, Kering – HQ.

    • About Quentin

      "Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London."
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