Coverage: Penske buys majority stake in Rolling Stone
Penske Media Corp. has acquired a controlling interest in Wenner Media, parent company of the iconic magazine Rolling Stone, the company announced Wednesday. Shannon Bond and Matthew Garrahan of The Financial Times had the news: The investment by Penske Media Corporation brings to an end Mr Wenner’s 50-year control of Rolling Stone, the last remaining asset held by Wenner Media, which […]
CQ Roll Call seeks an M&A reporter
CQ Legal is seeking a highly motivated reporter to write about mergers and acquisitions, antitrust regulation and related legislation in Congress. The ideal candidate brings to the post an enthusiasm for analyzing the competitive reasons behind each merger and the anticipated effects on the industry with energy and determination to dig into the regulatory details and […]
NY Times seeks deals reporter
The New York Times is looking for a reporter to cover the high-stakes world of mergers and acquisitions. Giant corporate deals not only remake entire industries, but they also change the world in which we live. Look no further than Amazon’s recent purchase of Whole Foods or the tie-up between CVS and Aetna. M&A is a […]
Coverage: Large mall operator Westfield being sold to French firm
Westfield Corp., which operates upscale shopping malls in dozens of U.S. cities and in Britain, agreed to be acquired for nearly $16 billion by French commercial real estate giant Unibail-Rodamco. James Peltz of the Los Angeles Times had the news: Unibail-Rodamco operates 69 shopping centers in major European cities including Paris, Madrid, Stockholm, Amsterdam and Munich, […]
Acuris, parent of Mergermarket, makes five new hires, opens LA bureau
Acuris, which owns Mergermarket and Dealreporter, has made five reporting hires over the past month as it expands its growing Chicago bureau and provide more in-depth coverage from New York and Washington DC. In Chicago, Shia Kapos will be covering shareholder activism for new publication Activistmonitor, with a good portion of the content running on Dealreporter. […]
Bloomberg’s Ahmed moves to M&A team
Bloomberg News reporter Nabila Ahmed is moving to the deals team to cover media and telecom mergers and acquisitions. For the past year, Ahmed has been a senior reporter covering global corporate finance, leading coverage of the biggest stories in the corporate credit world globally. She has written features on investment grade bonds, junk-rated loans, […]
Reuters adds to its deals reporting team
Greg Roumeliotis, who oversees mergers and acquisitions coverage at Reuters, sent out the following announcement on Friday: I’m pleased to announce new additions to the U.S. deals team: Joshua Franklin is our new private equity and IPO reporter. He joins us from the Reuters bureau in Zurich, where he covered Swiss investment banks as well […]
Coverage: Disney and 21st Century Fox near a deal
Walt Disney Co. and Twenty-First Century Fox are closing in on a deal, and it could come as soon as next week, with one of Rupert Murdoch’s sons in line to become the next CEO of Disney. David Faber of CNBC had the news: The deal contemplates the sale of Fox’s Nat Geo, Star, regional sports […]
Coverage: CVS to buy Aetna in $69 billion deal
Aetna Inc.’s board of directors approved on Sunday the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp. for approximately $69 billion cash and stock,. Carl O’Donnell and Greg Roumeliotis of Reuters had the news: The $69 billion deal will be this year’s largest corporate acquisition. It will combine one of the nation’s largest pharmacy benefits managers […]
Coverage: Buffalo Wild Wings sells to Arby’s for $2.4 billion
Fast-food chain Arby’s Restaurant Group said Tuesday it reached a deal to acquire Buffalo Wild Wings, which uses the slogan “wings, beer, sports” in its advertisements, for $2.4 billion in cash. Nathan Bomey of USA Today had the story: The deal comes as the casual dining sector is ailing as Americans have rediscovered home meals amid low grocery prices […]
