Unstructured Finance

Deals wrap: Microsoft acquires Skype for $8.5 billion

May 10, 2011

Microsoft plans to buy internet telephone network Skype for $8.5 billion, the biggest purchase ever for the world’s largest software company as it seeks to regain ground on growing rivals. The money-losing Skype has 145 million users on average each month and has gained favor among small business users. The deal would also give Microsoft a foothold in the potentially lucrative video-conferencing market. Skype, which is minority owned by eBay, allows people to make calls at no charge but also offers some paid features.

Deals wrap: Dealmakers play it safe

April 4, 2011

USA/Bankers taking part in the Reuters Global M&A Summit this week told correspondents Quentin Webb and Victoria Howley that despite a recent pickup in global dealmaking, economic fragility, natural disaster and political tumult in the Middle East are hurting corporate confidence and holding back a more robust M&A recovery.

Deals wrap: GM’s market splash

November 19, 2010

A GMC vehicle is seen parked in front of a trader standing outside of the New York Stock Exchange November 18, 2010.REUTERS/Shannon StapletonGeneral Motors has raised billions of dollars in its IPO, but big investors still have plenty of cash on hand to plow into other new stock issues — if they have merit.

Deals wrap: Cracking down on hostile bids

October 21, 2010

Demonstrators protest near Britain's Houses of Parliament in central London February 2, 2010.   REUTERS/Toby Melville “Britain’s takeover watchdog has unveiled proposals to make hostile bids harder but stopped short of endorsing the most radical proposals floated following the controversial takeover of Cadbury by Kraft Foods,” writes Quentin Webb. *View article

Deal wrap: Talking defense

September 10, 2010

Israeli Air Force F-15 fighter jets fly in formation with a Boeing 707–320 aerial refueling tanker during a ceremony for newly graduated pilots at the Hatzerim Air Base, June 28, 2010.  REUTERS/Baz Ratner Boeing defense chief Dennis Muilenburg startled many this week when he told the Reuters Aerospace and Defense Summit he would not rule out the possibility of a large-scale merger. Is he sending up a trial balloon to gauge the Pentagon’s reaction? *View article *Read more at the Aerospace and Defense Summit

Deals wrap: ICBC’s offer

August 10, 2010

A company logo of the Industrial and Commercial Bank of China (ICBC) is seen outside one of its branches in Beijing June 18, 2010.   REUTERS/Bobby Yip  Industrial and Commercial Bank of China Ltd, the world’s most valuable bank, says it will pay shareholders of its Hong Kong arm a 27 percent premium to take it private, as part of an effort to expand its presence there. *View article

Deals wrap: Welcome to the Big Board KKR

July 15, 2010

Signs can be seen above the floor of the New York Stock Exchange April 9, 2009. REUTERS/Lucas Jackson Will Kohlberg Kravis Roberts & Co’s listing on the Big Board bring a big yawn or release pent-up investor demand for the iconic private equity firm? It could be a bellwether for rivals looking to follow suit. *  View articleView factbox

KKR’s imagination

September 17, 2009

Nobody can question Eastman Kodak‘s intention in raising some $700 million. Getting a commitment from private equity firm Kohlberg Kravis Roberts to buy up to $400 million of its debt is also a perfectly logical step for the old-economy stalwart as it lumbers into the digital age. What KKR is thinking is another matter.

Private equity asks for a top-up

August 20, 2009

cashA number of private equity firms in Europe are going back to investors for more money to fix over-extended balance sheets and fund add-on acquisitions for companies in their portfolio.