Wang joins Reuters’ M&A team to cover China deals
Greg Roumeliotis, corporate finance and deals editor at Reuters, sent out the following announcement on Monday: I’m excited to announce that Echo Wang has joined the deals team in New York to cover cross-border M&A and investments, with a focus on Chinese money. Chinese dealmaking is coming under intense U.S. scrutiny over technology transfers, information […]
Eavis: Why covering M&A is no longer boring
New York Times business reporter Peter Eavis, who once thought covering mergers and acquisitions was boring, has changed his opinion. Eavis writes, “But when a big deal comes up, reporters might best serve readers by looking closely at whether it will hurt competition, squelch innovation or have other ill effects. The days of relying on […]
TheStreet.com is being sold to The Maven for $16.5 million
Financial news site TheStreet.com has agreed to a deal where it will be acquired by The Maven Inc. for $16.5 million. The Maven is a group of media brands operating on a shared digital publishing, advertising, and distribution platform. Based in Seattle, Maven is publicly traded. “This is a good outcome for TheStreet’s shareholders,” said […]
Reorg hires Carnevali as senior editor to develop new product
Reorg has hired David Carnevali as a senior editor. He started on Monday and will be developing a platform at Reorg within an existing product, Reorg M&A, focused on providing breaking news content on mergers and acquisitions and activism in the U.S. market. Carnevali will be recruiting and managing a team of journalists, as well […]
Coverage: Sports Illustrated sells for $110 million
Sports Illustrated magazine has been sold for $110 million to a company that specializes in managing fashion, entertainment and sports brands, including marketing rights to Shaquille O’Neal and Muhammad Ali. Tali Arbel of the Associated Press had the news: The seller, Meredith Corp., will continue running the print edition and the website SI.com for at least […]
Mergermarket seeks a finance reporter in Paris
Mergermarket is a business development tool designed specifically for the M&A sector, providing proprietary intelligence and analysis on corporate strategy before that strategy becomes public knowledge. Our network of M&A Journalists and Analysts talk to CEOs, CFOs and industry contacts, reporting what they learn to Mergermarket subscribers. Together with our specialized analysis and data, this […]
Parent of Dealreporter, Mergermarket sold for $1.7 billion
Ion Group, the Irish software and data company, is buying Acuris – which owns Mergermarket, Debtwire and other financial-information products – from BC Partners for $1.7 billion, including debt. Liam Proud of Reuters Breakingviews reports, “The private-equity group bought the main business for 382 million pounds in 2013 from publishing group Pearson, which in turn […]
Bloomberg hires Baker from Reuters to be U.S. deals team leader
Elizabeth Fournier, managing editor of U.S. deals coverage at Bloomberg News, sent out the following announcement on Tuesday: Hi all, I’m very excited to announce that Liana Baker will be joining Bloomberg as our new U.S. Deals Team Leader in New York, starting next week. Liana joins Bloomberg after almost nine years at Reuters where […]
Coverage: Retailer Lord & Taylor is for sale
Hudson’s Bay Co. said it is pursuing strategic alternatives for Lord & Taylor, including a possible sale or merger of the department-store chain. Suzanne Kapner of The Wall Street Journal had the news: The discussions center on the operating business, not the real estate, which includes about 45 stores along the East Coast, a person familiar with the […]
Coverage: Verizon is looking to sell blogging platform Tumblr
Verizon is seeking a buyer for Tumblr, the blogging platform it acquired along with other Yahoo assets in 2017. Chris Welch of The Verge had the news: On Thursday evening, Pornhub VP Corey Price claimed in a statement to BuzzFeed Newsthat his company is “extremely interested” in buying Tumblr and “very much looking forward to one day restoring […]
