DealZone Daily

December 22, 2009

Tuesday’s highlights:

The proposed merger of two live music powerhouses, Live Nation Inc and Ticketmaster Inc , is given a huge boost as a British regulatory body drops its objections and approves the deal.

Sweden says a last-ditch bid by Spyker Cars for Saab offers a thread of hope the iconic brand would survive, as talks between the Dutch luxury carmaker and General Motors trigger an extended deadline.

Dubai World disappoints creditors by making little progress on securing standstill on $22 billion of debt, as a key creditor meeting proves a tame affair with less than half the expected attendees showing up.

UK airport operator BAA wins an appeal against the Competition Commission, opening the door for fresh talks on a ruling that its control of Britain’s airports should be broken up within two years.

For more on these stories, and the rest of the latest deals-related news from Reuters, click here.

And elsewhere:

Nils Pratley in the Guardian says it is hard to see the London Stock Exchange’s deal to buy trading platform Turquoise as “anything other than a triumph for the LSE and its new chief executive, Xavier Rolet”.

Damian Reece in the Daily Telegraph picks up on a letter by Nestle’s UK chief executive as evidence that the odds of the Swiss food giant bidding for Cadbury are shortening, adding that two “City firms” are advising Nestle.

Andrew Hill in the Financial Times says the download-driven upset that gave Rage Against the Machine a Christmas No. 1 in Britain shows the music market is “highly illiquid… lacking transparency, easily manipulated, lightly regulated, and subject to creeping takeover and insider dealing. A bit like the City in the early 1980s.”

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