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How Could Comcast Do This To Goldman Sachs?

The bastards apparently only thought of themselves and not of Lloyd and Co. when they walked away from the deal.
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There are people out there with even more reason to mourn the demise of Comcast’s $45 billion deal for Time Warner Cable out there than TWC’s customers: Bankers, who are going to have a hell of time covering the $380 million they won’t be making anymore.

Charter’s bankers at Goldman Sachs Group Inc. would miss the biggest fee pot, though the outcome will also sting other big banks and a handful of so-called boutiques.

The deal’s demise would also reshuffle the rankings of M&A advisers known as “league tables.” J.P. Morgan Chase & Co., a Comcast banker, would drop from second to third in Dealogic’s 2014 U.S. tables by dollar volume of deal assignments, while Skadden, Arps, Slate, Meagher & Flom LLP, lawyers for Time Warner Cable’s independent directors, would drop from first to third. Davis, Polk & Wardwell LLP, which advised Comcast, would drop outside the top 10.

Advisers Could Lose $380 Million in Comcast-TWC Fees [WSJ]



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