mergers-and-acquisitions
Top StoriesTelecom italia and KKR deadlocked over takeover approach
Top StoriesKKR still interested in TIM buyout, wants to discuss open fiber deal
Top StoriesLanvin group, owned by china’s fosun, plans new york listing via SPAC
Top StoriesExclusive-Infra funds circle vodafone for $16 billion vantage towers deal -sources
Amazon.com closes deal to buy MGM movie studio
Date: March 17, 2022
WASHINGTON (Reuters) -Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the online retailing giant as it looks to draw consumers through more streaming video. In a statement, Amazon said it would welcome all MGM employees to the company...
MFE pursues pan-European TV plan with mediaset espana bid
Date: March 16, 2022
By Elvira Pollina MILAN (Reuters) -Commercial TV firm MediaForEurope (MFE) moved towards creating a continental force to take on the streaming giants with a share and cash offer for full ownership of Mediaset Espana. Controlled by the family of former Italian Prime Minister Silvio Berlusconi, MFE sees cross-border consolidation as the best way for traditional...
Telecom italia shares rise on KKR, open fiber overtures
Date: March 14, 2022
By Elvira Pollina MILAN (Reuters) -Telecom Italia shares rose on Monday after Italy’s biggest phone group said it would pursue a domestic broadband deal, while also engaging in talks with KKR over the U.S. fund’s 10.8 billion euro ($12 billion) takeover approach. After a near six-hour board meeting on Sunday, TIM said it had asked...
Explainer-Why europe’s mobile telecom market is ripe for consolidation
Date: February 24, 2022
By Supantha Mukherjee and Elvira Pollina STOCKHOLM/MILAN (Reuters) – Talk of consolidation among European mobile carriers has grown louder with several executives voicing support as cut-throat price wars drive up debt and limit funds for 5G network upgrades. While Spain’s Telefonica has been raising the topic of mergers for years, it has been joined only...
Nexi in exclusive talks to buy BPER’s retailers’ payment arm-source
Date: February 22, 2022
MILAN (Reuters) -Italian payments group Nexi is in exclusive talks to buy the retailers’ payment business of BPER Banca, a person close to the matter said, confirming a report by Bloomberg News. A deal could be worth around 350 million euros ($396.73 million), the person said. In a conference call after the group’s fourth-quarter results earlier this...
In shadow of KKR approach, telecom italia presses ahead with alternative plan
Date: February 15, 2022
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) directors discussed on Monday an overhaul of Italy’s biggest telecoms group, as newly appointed Chief Executive Pietro Labriola draws up an alternative to a takeover bid by U.S. fund KKR. TIM must find a way to shore up its business after a string of profit warnings last...