THG is acquiring London biz newspaper City AM
THG, the owner of Myprotein and Cult Beauty, has bought free business newspaper City AM from administrators in a pre-packaged deal, reports Charlotte Tobitt of Press Gazette. Tobitt reports, “All 40 editorial and commercial staff at 18-year-old City AM will become part of London-listed THG, which has a market capitalisation of around £1.3bn. “City AM’s co-founder and long-serving […]
Cheddar News is for sale by Altice
Cable company Altice USA is weighing a potential sale of Cheddar News, the news network once billed as “CNBC for millennials,” less than five years after buying the company, report Lauren Hirsch and Ben Mullin of The New York Times. Hirsch and Mullin write, “Altice USA has hired Goldman Sachs to help explore strategic alternatives […]
Reuters hires Sakoui to cover M&A in EMEA
Elisa Martinuzzi, editor of EMEA finance and markets coverage for Reuters, sent out the following on Friday: Dear colleagues, I am delighted to announce that Anousha Sakoui will join Reuters as Editor, EMEA M&A, based in London. In her role, Anousha will lead our coverage of deals in the region. She will work closely with […]
Bloomberg names Gopinath a private equity deals reporter
Bloomberg has appointed Swetha Gopinath to private equity deals reporter to cover transactions across Europe, the Middle East and Africa, with a focus on broader trends shaping the industry. She joined Bloomberg in August 2019 as an equity capital markets reporter and then served as a deals reporter. Previously, Gopinath was an M&A reporter and […]
Mergers and Acquisitions seeks an associate editor
Jump into reporting on the fast-paced world of dealmaking by joining our staff! You’ll learn the ins and outs of M&A transactions and the people and firms behind them, including private equity firms, investment bankers and other players in high finance. You’ll start by writing news briefs, profiling key industry players and assisting us in […]
Bulk of Forbes purchase coming from foreign investors
The majority stake buyout of Forbes announced last week will be funded primarily from foreign investors, as Austin Russell, the 28-year-old American CEO of electric vehicle tech company Luminar Technologies, plans to put in only $10 million, reports Sara Fischer of Axios. Fischer reports, “The relatively small personal financial commitment from Russell supports Axios’ previous reporting that the […]
Forbes deal funding coming from foreign investors
The acquisition of Forbes is being primarily funded by foreign investors, reports Sara Fischer of Axios. Fischer reports, “The deal structure has the effect of obfuscating how much money foreign groups may put in, which could help alleviate any regulatory concerns. Forbes was ready to sell to the group of mostly foreign investors in March. But management […]
Luminar Technologies CEO buys controlling stake in Forbes
Austin Russell, the CEO of electric vehicle technology company Luminar Technologies, has acquired an 82% stake in Forbes, reports Sara Fischer of Axios. Fischer reports, “In a statement, Forbes confirmed that Russell had acquired an 82% majority stake in the firm. “A source said that the transaction valued the company at $800 million, which is what the […]
Heeter to cover activists, M&A for The Information
The Information finance editor Nate Becker sent out the following to the staff: All, I’m ecstatic to announce that Maria Heeter is joining the Finance team to cover activist investors and M&A. Maria is a familiar face in our New York newsroom, having spent the past year breaking news on Stripe’s $7 billion-plus fundraise, Tonal’s sale process, […]
Poets & Quants sold to London company
Poets & Quants, the website covering business education run by business journalist John Byrne, has been sold to Times Higher Education in London for an undisclosed amount. Byrne will remain as CEO and editor in chief for another three years. “This is a match made in heaven,” said Byrne in a statement. “We’ll be joining […]
