Informa is acquiring Industry Dive for up to $525 million
Industry Dive, a Washington, D.C.-based business news company, has signed an agreement to be acquired by Informa, a publicly traded events and publishing company, for an enterprise value of $525 million, reports Sara Fischer of Axios. Fischer reports, “It’s a great outcome for Industry Dive, which has grown its business to over $100 million in annual […]
Wu named chief Asia M&A correspondent for Reuters
Reuters correspondent Kane Wu has been named chief Asia mergers and acquisitions correspondent. She has been with Reuters since June 2017 in Hong Kong. Wu previously worked at the Wall Street Journal from October 2015 to May 2017 in Hong Long. She also worked for Reuters from August 2011 to September 2015 covering syndicated loans […]
MLex seeks an M&A reporter in Washington
MLex is looking for a seasoned journalist in Washington, DC, to cover mergers in the US. The beat involves coverage of regulatory risk related to mergers in the US, and in particular, the coverage of DOJ and FTC reviews of major deals. MLex seeks to get ahead of the procedural story through deep-dive analyses of […]
Euromoney Institutional Investor gets $2B takeover offer
Financial news and information business Euromoney Institutional Investor Plc is discussing a $1.96 billion takeover offer from a private equity consortium, reports Thomas Seal of Bloomberg News. Seal reports, “The current offer represents a premium of 33.6% compared to its Friday market value, according to Bloomberg calculations. Euromoney’s share price peaked at £14.98 in Sept. 2019 prior to […]
Reuters hires Carnevali to cover health care, industrial M&A
Reuters has hired David Carnevali as a mergers and acquisitions reporter covering health care and industrial deals. He has been at The Wall Street Journal covering venture capital. He previously was at The Financial Times on a contract basis covering markets. Previously, he was a senior editor at Reorg working on Reorg M&A, focused on providing breaking news content on mergers […]
Baker named ME of US deals team at Bloomberg
Aaron Kirchfield, executive editor of global deals at Bloomberg News, sent out the following on Wednesday: Dear all, We’re excited to announce that Liana Baker will be taking over as managing editor of the U.S. deals team, succeeding Lizzie Fournier, who is moving to the Americas editing hub after eight years with us, where she nimbly […]
Forbes officially cancels plans to go public
Forbes announced Wednesday that it has officially terminated its merger agreement with a special purpose acquisition company that would enable it to go public, reports Tony Silber of Publishers Daily. Silber writes, “Indeed, the press release emphasized that Forbes is a highly sought-after brand. It announced record revenue and earnings last year, and that the company has already exceeded […]
Forbes scrapping plans to go public
Forbes has decided to call off a deal to go public through a special-purpose acquisition company, also known as a SPAC, amid cooling investor appetite, reports Lauren Hirsch and Benjamin Mullin of the New York Times. Hirsh and Mullin report, “The cancellation could be announced as early as this week, one of the people said. “The deal, announced in […]
How Joe Nocera got inside a hostile takeover
Russell Gold of Texas Monthly writes about how former senior editor Joe Nocera got access to T. Boone Pickens during a hostile takeover back in 1982. Gold writes, “A few weeks earlier, Nocera had visited Pickens at his home in Amarillo. They dined on blackened catfish and drank a bottle of Pouilly-Fuissé. Nocera pitched Pickens on a […]
G/O Media plans to follow Quartz playbook
G/O Media, which recently acquired business news site Quartz, plans to shift its operating model to be more like its recent acquisition, reports Mark Stenberg of Adweek. Stenberg reports, “But Quartz staff shouldn’t be concerned about the dilution of their company culture or mission, Spanfeller said. If anything, rather than transform Quartz to resemble a traditional G/O […]
