Betaville |
| Posted: 30 Jun 2016 04:20 PM PDT The venerable Wall Street Journal has just landed a cracking scoop about Mondelez submitting a $23 billion takeover bid for rival Hershey. Hat tip to those hacks who dug up that jackanory. Here is a link to their piece: http://www.wsj.com/articles/mondelez-makes-takeover-bid-for-hershey-1467297248 Now, clearly the only thing UK-related connected to this deal is the fact that Mondelez owns Cadbury (a former constituent of the FTSE 100 index) but it does demonstrate that the global "uncertainty" triggered by Brexit is perhaps not having too much of an impact on M&A markets. I may have a bit more to add on this situation on Tip TV this Monday, so do tune in...  |
| Murdoch in first major UK M&A deal post Brexit with £220 million talkSport buy; Sky next? Posted: 30 Jun 2016 04:20 PM PDT Perhaps those (I have to include myself here) predicting a slowdown in UK M&A post Brexit spoke too soon. News Corp - the publishing company controlled by media tycoon Rupert Murdoch - has just announced it is purchasing Talksport-owner Wireless Group for £220 million. Here is a link to the regulatory news service announcement: http://www.investegate.co.uk/news-corporation/rns/recommended-cash-offer-for-wireless-group-plc/201606301306118302C/ Or, maybe it's just a case of Rupert Murdoch, who recently described Britain's withdrawal from the European Union as 'wonderful', putting his money where his mouth is. Fair play, I guess. But I'm pretty sure this will rekindle the bid rumours (which have been lingering in the London market for the last year or so) about Sky...  |
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