• Buyouts

    What The Weather Channel Deal Says About Buyout Economy

    After a few months in the spring in which the credit crunch appeared to ease, the vise has tightened once again. Nothing illustrates this better than the financing for the acquisition of the Weather Channel. NBC Universal, which is a subsidiary of General Electric, teamed up with buyout barrons Bain and Blackstone. But the deal […]

    / Jul 7, 2008 at 10:42 AM
  • Bill Miller, Buyouts, Legg Mason, Microsoft, Proxy Fight, Yahoo

    Miller Backs Microsoft Buyout Of Yahoo

    Bill Miller, the Legg Mason fund manager who controls 5.4 percent of Yahoo, wants to see Microsoft buy the company. Halfway measures–such as a joint venture –don’t interest him. That would seem to put him squarely in Icahn’s camp. But Miller’s still being coy, saying he’s undecided on how he’ll vote in the proxy fight. […]

    / May 22, 2008 at 4:49 PM
  • Buyouts, Carl Icahn, Microsoft, Yahoo

    Microsoft Still Says It Doesn’t Want To Buy Yahoo Anymore

    So Microsoft chief executive Steve Ballmer says the company is not looking to buy Yahoo. They’re talking about other stuff that might “create value” or some such. It’s pretty much what we learned on Sunday, when Microsoft and Yahoo disclosed that they were in negotiations. Is a buyout really off the table? The market doesn’t […]

    / May 21, 2008 at 4:30 PM
  • Blackstone Group, Buyouts, Private Equity

    Blackstone Bid For Rio Tinto: Buyout or Bad Rumor?

    This morning the Telegraph reported that Blackstone was preparing an “audacious plan” to break up mining giant Rio Tinto. None of our usual sources has yet recovered from spending the weekend dressed as Santa Claus so we haven’t been able to reach anyone on it. But DealBook, which has shown that its got some very […]

    / Dec 10, 2007 at 9:04 AM
  • Buyouts, this post reflects the fact that there's nothing to write about but hedge fund bad news

    Credit Crunch Threatens To Keep Horrible TV Show Alive

    Earlier this morning, we were telling Keith Bar Crunch about how we’re getting as sick of the “[insert name of hedge fund] loses [insert losses]” stories as many of you are, which must mean there’s something wrong with us. Really, who doesn’t enjoy tales of woe at other people’s expense? (A. Of late, like we […]

    / Aug 15, 2007 at 1:05 PM
  • Buyouts

    Let’s Get Hostile Again!

    When we were working in mergers and acquisitions there was always nostalgic talk from the elders about the days of the hostile takeover. It wasn’t just that a lot of the people running the banks and private equity shops had come up through the ranks in the days of the hostile takeover. There was something […]

    / Mar 28, 2007 at 2:45 PM
  • Banks, Blackstone, Blackstone Group, Buyouts, Goldman Sachs, Private Equity

    Goldman Looks For $20 Billion LBO Fund

    Goldman Sachs announced a giant buyout fund Tuesday, perhaps providing an answer to a bid question on the lips of Wall Street gossips: why was Goldman notably absent from the list of banks underwriting the initial public offering of private equity giant Blackstone. Yesterday Goldman Sachs chief executive Loyd Blankfein said the firm’s new buyout […]

    / Mar 28, 2007 at 10:07 AM
  • Buyouts

    You Can’t Spell ‘TXU’ Without ‘ME’

    All of the stuff we’ve read about the TXU deal has been somewhat interesting—it’s the biggest deal ever, it has a “green” aspect to it, it involves possible insider trading—but failed to grip us. We couldn’t figure out why and were actually kind of upset about it—everyone else had themselves in a tailspin over THE […]

    / Mar 6, 2007 at 4:40 PM
  • Buyouts, Carl Icahn, Lear

    Morons At Lear Accept Icahn Bid

    Our ears always perk up whenever someone mentions that “management” is backing a bid by corporate raider activist investor Carl Icahn. Because, well, you kind of have to wonder if “management” knows who Icahn is. As part of his bid package to acquire Lear—which the troubled auto-parts company announced this morning it was officially accepting—did […]

    / Feb 9, 2007 at 11:10 AM
  • Buyouts, Cable Vision

    The Dolans Bid Billions for Cablevision and All We Got Were These Lousy Letters

    The founding family of Cablevision put in their second bid in less than a year to take the company private. Our spies have sent us the bid letter the Dolan family sent to the board of Cablevision as well as a memorandum issued to Cablevision employees . According to the letter to the board, the […]

    / Oct 9, 2006 at 3:13 PM
  • Buyouts

    Which Billionaire Buyout Buccaneer….?

    We think Page Six needs to be encouraged to do more items about finance people. Like this one: WHICH billionaire buyout buccaneer called his 3-year-old son to the dinner table the other night and had him repeat to the guests a phrase he had taught the toddler: “I want to [bleep] you up the [bleep]”? […]

    / May 2, 2006 at 2:31 PM

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