Unstructured Finance

Looking for a Sun Valley deal

July 8, 2010

The logo on the door of the Sun Valley resort, site of the 26th annual Allen & Co conference in Sun Valley, Idaho July 8, 2008. REUTERS/Rick Wilking  At Sun Valley, so far, it’s the fabricated deals that are getting the headlines. News Corp is not in talks to sell MySpace, despite the rumors. View article Read More

BP boss Tony Hayward is in the Middle East in a quest for cash to ward off takeovers. What’s in it for sovereign wealth funds in the oil-rich area? Diversity, says Reuters reporter Natsuko Waki. View article

Catching the wave

January 26, 2010

SurferDistressed debt investors are pinning their hopes on a second wave of insolvencies in 2010 after banks’ refusal to write off bad loans made 2009 something of a damp squib.

The afternoon deal

January 6, 2010

china screensThe Chinese media sector may seem an unlikely place to make money, given the government’s approach to censorship, but  Reuters’ George Chen finds the private equity industry is hungry for pre-IPO companies in an area with big potential.  Read Chen’s story: China media sector: A magnet for private equity funds and the factbox about China’s media industry.

Fuzzy Logic? What’s bad for Live Nation and Ticketmaster isn’t bad for business

December 22, 2009

Live Nation, Ticketmaster deal gets green light in UK

Britain’s Competition Commission did an about-face last night, giving its blessing to the proposed merger of live music giants Live Nation and Ticketmaster. What’s nearly as surprising as the reversal is the starkly negative reasoning behind the decision.

No longer just a dumb pipe

December 3, 2009

Comcast’s deal to buy a majority stake in NBC Universal from General Electric should put to rest fears at the cable operator that King Content will kill its business. But even if it becomes a thoroughfare of programming genius, the new venture will still have to convince a skeptical marketplace. The train wreck of Time Warner-AOL threw the idea of new media into financial purgatory.

Comcast, GE and Kraft await Europe’s pleasure

November 9, 2009

The defining deals of the week, Kraft’s now officially hostile bid for Cadbury and a deal to sell a majority stake in NBC Universal to Comcast, hinge on decisions of Europe Inc, so they could well drag on many more weeks.

Did he say IPO?

October 2, 2009

Speaking in New Delhi, General Electric CEO Jeffrey Immelt said “Discussions are ongoing whether it is an IPO or another partnership,” in response to a question on whether GE was talking to Comcast to sell a stake in the fourth-placed TV network and movie studio. With Vivendi possibly just a couple weeks away from unloading its 20 percent stake in the NBC venture, and all the talk this week about Comcast gathering coins to add the content trove to its cable mix, it might seem as if Immelt is trying to conjure something like a rabbit from a hat – or a peacock from a beret.

Deals du Jour

October 2, 2009

General Electric Co’s (GE.N) Jeffrey Immelt has just come out to say it is holding discussions on partnerships or an IPO for its NBC Universal unit. Sources familiar with the talks have told Reuters that GE and cable operator Comcast Corp (CMCSA.O) are discussing a deal.

Deals du Jour

September 30, 2009

French food group Danone has agreed to sell its 51 percent stake in its joint ventures with China’s Wahaha group, putting an end to legal proceedings related to the disputes between the two. In 2007, Danone accused Wahaha of illegally setting up parallel business outside their ventures. 

Deals du Jour

September 7, 2009

The world’s second largest confectionery group Cadbury has rejected a $16.7 billion bid approach by Kraft Food. But North America’s top food group still hopes it can clinch a deal to create a global powerhouse in snacks and quick meals.