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Jul 28, 2015
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The Economist’s elite owners seek elite print run

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

The Economist is an elite publication facing plebeian problems. Its revenue has been in decline since 2012 amid a decimation of print advertising afflicting high and low-brow titles alike. Meanwhile, the group’s own self-assessed value keeps rising.

Jul 21, 2015
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KKR’s First Data charges into tech-ier second life

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

KKR’s acquisition of First Data looked like a $29 billion mistake almost right after it closed in late 2007. The buyout firm led by Henry Kravis and its partners in the deal nevertheless may turn a modest profit, after all. The credit card processing pioneer has filed to go public again, and its turnaround looks on track.

Jul 21, 2015
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KKR’s First Data charges into tech-ier second life

Photo

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

KKR’s acquisition of First Data looked like a $29 billion mistake almost right after it closed in late 2007. The buyout firm led by Henry Kravis and its partners in the deal nevertheless may turn a modest profit, after all. The credit card processing pioneer has filed to go public again, and its turnaround looks on track.

Jul 14, 2015
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Pluto and pentaquarks boost non-profit science

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

July 14 has been a good day for basic science. The journey of NASA’s New Horizons spacecraft to Pluto reached the closest point to its dwarf planet target. Meanwhile, European researchers have by their account proven a 50-year-old theory about matter, identifying – essentially by accident – a subatomic particle made up of five quarks.

Jul 14, 2015
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Pluto and pentaquarks boost non-profit science

Photo

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

July 14 has been a good day for basic science. The journey of NASA’s New Horizons spacecraft to Pluto reached the closest point to its dwarf planet target. Meanwhile, European researchers have by their account proven a 50-year-old theory about matter, identifying – essentially by accident – a subatomic particle made up of five quarks.

Jun 25, 2015
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New drivers could rev Formula One’s billions

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

Formula One has an extra race on its calendar this year: to find new drivers for its billions. Private equity backer CVC Capital Partners is ready to speed off after nearly 10 years of turbocharged returns, while 84-year-old patriarch Bernie Ecclestone may not be doing enough to tune high-tech motor racing’s commercial chassis.

Jun 25, 2015
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New drivers could rev Formula One’s billions

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

Formula One has an extra race on its calendar this year: to find new drivers for its billions. Private equity backer CVC Capital Partners is ready to speed off after nearly 10 years of turbocharged returns, while 84-year-old patriarch Bernie Ecclestone may not be doing enough to tune high-tech motor racing’s commercial chassis.

Jun 1, 2015
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Intel chips in for elusive post-M&A pricing power

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

Revenue synergies can be an elusive goal in mergers. Yet three big acquisitions in the chipmaking sector – the latest Intel’s $17 billion swoop on Altera – are promising plenty of them. Some acquirers may manage to work magic on their top lines, but it’s optimistic to think all of them will.

Jun 1, 2015
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Intel chips in for elusive post-M&A pricing power

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

Revenue synergies can be an elusive goal in mergers. Yet three big acquisitions in the chipmaking sector – the latest Intel’s $17 billion swoop on Altera – are promising plenty of them. Some acquirers may manage to work magic on their top lines, but it’s optimistic to think all of them will.

May 28, 2015
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Avago offers textbook case for chip consolidation

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

Avago Technologies is offering what might become a textbook merger case. In its $36 billion-plus acquisition of rival chipmaker Broadcom, Avago’s record, industry logic, the cash-and-stock mix, a premium just under 30 percent and synergies all add up. Only an interloper could spoil the party.

    • About Richard

      "Richard Beales joined Breakingviews.com in 2007 from the Financial Times, where he was US markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker, based largely in Hong Kong. He was a director in Citigroup’s mergers team, and before that head of Schroders’ regional project finance group. He has also lived briefly in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy, in 1989. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s ..."
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