A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at ben@betaville.co.uk. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.

Drahi's Altice buys 12.1pc stake in BT Group - Part 2

Friday, 11 June 2021, 11:14 am

If you were wondering how Patrick Drahi's Altice managed to suddenly turn up with a 12.1pc stake in BT Group then you should read Alistair Osborne's column in today's business section of The Times.

According to Alistair's piece, Drahi's advisers at Morgan Stanley and BNP Paribas bought most of the stock on their own accounts in small batches via derivatives and then handed it over to Drahi's sub-3pc holding. Below is the link to the full column:..

Read more...

Weston family said to eye £4 billion sale of iconic Selfridges, reveals React News

Thursday, 10 June 2021, 3:59 pm

Hat tip to David Hatcher, intrepid property hack and founder of real estate site React News.

Hatcher has just dug out a cracking scoop about the the iconic department store Selfridges being put up for sale by the Weston family. Below is a link to Hatcher's piece if you want to read the whole story:

https://reactnews.com/article/4bn-selfridges-for-sale/..

Read more...

Drahi's Altice buys 12.1pc stake in BT Group

Thursday, 10 June 2021, 7:25 am

Patrick Drahi, the French telecoms billionaire, has finally revealed his hand regarding his interest in BT Group.

This morning Altice, the telecoms company controlled by Drahi, has revealed it has bought a 12.1pc in the London-listed telecoms giant.

Now, for loyal followers of my work news of Drahi's interest may not come as too much of a surprise...

Read more...

The boat (man) is to set sail again ... - Part 2

Monday, 7 June 2021, 1:19 pm

Betaville notes Boatman Capital has finally released its latest short selling report via yesterday's The Sunday Telegraph.

The target of Boatman's ire is coal miner Thungela Resources, which is being demerged from London-listed mining giant Anglo American.

Boatman reckons Thungela may be worthless. Below is a link to the research outfit's report explaining why it has placed a zero price target on the company:..

Read more...

Blackstone consortium poised to buy Medline for over $30 billion, reports the WSJ

Saturday, 5 June 2021, 5:51 pm

The private equity buy outs are just getting bigger and bigger.

Hacks at the venerable Wall Street Journal have just broken a story about a Blackstone-led consortium closing in on a $30 billion acquisition of US-based Medline Industries Inc, which manufactures and distributes equipment and supplies used in hospitals, surgery centers, acute-care and other medical facilities in over 125 countries. Below is the link to the WSJ scoop:..

Read more...

The boat (man) is to set sail again ...

Friday, 28 May 2021, 6:21 pm

The mysterious short seller that targeted London-listed Babcock International is set to release a "new" report.

Boatman Capital has just warned its Twitter followers that:

"Time for The Boatman to set sail again. Look out for a new report from us soon."

Whether that's a fresh report on Babcock International, which sells engineering services to defence companies, or another company altogether remains to be seen...

Read more...

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].