Reorg hires Reddan as M&A reporter
Darcy Reddan has been hired by Reorg as a mergers and acquisitions reporter. He started this week. Reddan has been with Law360.com, where he was on its deals team. He covered mergers & acquisitions, private equity, asset management and capital markets as well as real estate and construction. He also worked for Canada Sports Betting. Reddan […]
Reorg acquires China news service Dai1 Media
Reorg, a financial media and technology company has acquired Dai1 Media, a subscription-based provider of news and analysis of special situations based in China. Reorg announced the news Tuesday. The terms and conditions of the deal were not disclosed. “As part of our global growth strategy, Reorg has invested heavily in Asia over the last […]
WSJ: Bloomberg LP could fetch $50 billion
Telis Demos of The Wall Street Journal examines the possibilities of a sale of Bloomberg LP, the parent of Bloomberg News and Bloomberg Media, should majority owner Michael Bloomberg become president. Demos writes, “So what would Bloomberg LP be worth? Refinitiv, which sells a competing terminal and also has data and trading assets, was acquired […]
Forbes acquires Quantalytics AI Labs for an undisclosed amount
The end of 2019 has seen Forbes Media closing a major deal. The business media company has acquired a majority stake in Quantalytics AI Labs, a service that uses artificial intelligence to predict the performance of different kinds of financial instruments. These include stocks, ETFs and cryptocurrencies. However, the terms of the deal were not […]
Who buys Bloomberg if its owner becomes president?
Jennifer Saba of Reuters Breakingviews writes about what would happen to Bloomberg LP if its owner became president. Saba writes, “The company’s revenue will hit $10.5 billion this year, with a 37% profit margin, Burton-Taylor International Consulting reckons. Add back taxes and capital expenditures, and Bloomberg’s EBITDA may be around $5.3 billion. At 12 times those […]
Tech site Pando sold; Editor and founder Lacy departs
Tech news site Pando has been sold, and editor and founder Sarah Lacy is leaving journalism. Lacy writes, “This is my last post as editor in chief and CEO. Paul Carr and I have sold Pando to a brand new owner. And for the first time in my career, I am no longer a journalist. “I have so much to […]
Meredith sells Money to digital advertising firm
Meredith Corp. announced Tuesday that it sold the personal finance Money brand to Ad Practitioners, a Puerto Rico-based digital advertising and media company that operates websites, including ConsumersAdvocate.org, for an undisclosed amount, reports Todd Spangler of Variety. Spangler reports, “Meredith acquired Money as part of its January 2018 acquisition of Time Inc. and is the […]
Fox closes acquisition of 67 percent of fintech start-up
Fox Corp. announced that the company has closed on its $265 million acquisition of a majority stake in financial technology start-up, Credible Labs, according to reports. The company has been publicly traded in Australia. The deal was announced last summer in which Fox has now acquired a 67 percent stake in the company while pledging […]
Reuters seeks tech and media M&A reporter
Reuters is looking for an experienced and highly competitive business journalist to be part of its U.S. deals team and report on mergers and acquisitions in the technology, media and telecommunication sectors. The role requires a deep understanding of how corporate executives and deal makers operate, strong source-building and networking skills, and the ability to […]
Business Insider seeks tech M&A reporter
Business Insider is hiring a full-time tech M&A deals reporter to work on the finance editorial team The reporter will focus on breaking news on the biggest deals in the technology, media and telecommunications space — an industry that is rapidly transforming our lives. The reporter should already have a deep Rolodex of sources, a […]
