Forbes enters into exclusive talks to be sold for $600 million plus
Forbes Media LLC has entered exclusive talks to be acquired by a group led by Michael Moe’s GSV Asset Management, in a deal that values the business-news publisher at more than $600 million, reports Gillian Tan of Bloomberg News. Tan reports, “While a transaction isn’t finalized, it’s possible it may be agreed in coming months, said the […]
Reuters Legal hires Jackson to cover M&A
Reuters Legal has hired reporter Sierra Jackson to cover mergers and acquisitions. She has spent the past year at Law360 as a general assignment reporter. Jackson covered daily news stories and occasional features about M&A, private equity, venture capital, asset management, real estate, initial public offerings and other capital market and finance happenings. Before Law360, she worked […]
Yahoo Finance, TechCrunch being sold to Apollo
Apollo Global Management Inc. has agreed to acquire Verizon’s media businesses, which include Yahoo Finance and TechCrunch, in a deal worth $5 billion, reports Micah Maidenberg and Drew FitzGerald of The Wall Street Journal. Maidenberg and Fitzgerald report, “Other suitors previously showed interest in buying off certain pieces of the media unit, which includes websites such as TechCrunch and […]
Reuters reporter Franklin is departing
Reuters reporter Joshua Franklin is leaving the news organization after seven and a half years. His last day is Friday. “Stay tuned for news soon on my next move,” he wrote on Twitter. Franklin has been covering mergers and acquisitions, initial public offerings and corporate finance for Reuters since May 2019. He previously covered private equity and […]
Forbes considers SPAC, and investor bid for $700 million
Forbes Media is in talks to go public through a merger with a special purpose acquisition company as it attracts acquisition interest, including an offer for $700 million, according to a Reuters report. Joshua Franklin, Echo Wang and Krystal Hu of Reuters report, “Forbes’ owner is also fielding offers from bidders including investment vehicle Borderless […]
M&A reporter Spaulding departs Reuters
Rebecca Spaulding, a mergers and acquisitions reporter at Reuters, has left the news organization. Her last day was last week. “I’m moving on to something new and very exciting that I will talk about soon,” she wrote on Twitter. “But for now, I’m so thankful for having worked with all my Reuters colleagues, who are […]
Forbes hires Dowd to cover private equity and deals
Forbes announced Monday the hiring of Kevin Dowd to cover private equity and mergers and acquisitions. Dowd previously wrote about the private markets for PitchBook, where he created the Weekend Pitch newsletter. Kevin’s newsletter at Forbes will be called Deal Flow and will be focused on mergers and acquisitions. His first newsletter will debut on […]
How a Bloomberg reporter was used for insider trading
Longtime business journalist Bill Grueskin writes for Columbia Journalism Review about the case of alleged insider trading where the investor used Bloomberg News reporter Ed Hammond to drop tips of deals that he traded upon. Grueskin writes, “The indictment notes that Peltz’s moves were timed closely to stories that ran at “a financial news organization.’ While the newsroom […]
Holding company hires Rosen to do financial media M&A
Holding company Tifin Group has hired the former CEO of StockTwits as a partner to look for acquisitions in financial media. Ian Rosen was also the former general manager of MarketWatch.com. He will be CEO of a new operating company called Financial Answers, which is focused on acquiring and operating media companies. The plan is to look […]
Davis joining M&A team at Bloomberg
Liana B. Baker, U.S. team leader for mergers and acquisitions, sent out the following announcement on Wednesday: Michelle F. Davis will be joining the deals team on April 5 as an M&A reporter with a focus on health care, one of the busiest areas of global activity, as well as acquisition financing across all sectors. Michelle […]
