It would appear the venerable Wall Street Journal has got the scoop of the day, week and, possibly, year. Check this out:..
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 firstname.lastname@example.org. 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.
I haven't written about Quindell for a while so I thought loyal readers deserved a little update from Betaville...
Quindell's shares have been suspended, which seems to have caused mass panic and triggered all sorts of wild speculation.
Ben Martin over at The Daily Telegraph appears to have discovered the reason for today's announcement:..
A whole bunch of deals were announced today, with the US pharmaceutical industry witnessing another frenzied round of consolidation...
Quelle surprise: Quindell announces sale of its legal unit for almost £640 million to Slater & Gordon
I have been on the receiving end of some pretty unpleasant abuse - some of it, dare I say it, down right libellous - over the last couple of months for my series of scoops and scoopettes on Quindell's sale of its professional services division for £640 million to Slater & Gordon, the listed Australian law firm...
There was plenty of backslapping (well, by myself at least) during my Tip TV slot this morning. Here is a link to today's clip: http://www.tiptv.co.uk/archives/mergers-and-acquisitions-4/..
Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 15
It sounds like Slater & Gordon's purchase of Quindell's legal services division for £640 million is about to be announced...
There are some excellent investigative features knocking around in today's business sections.
I particularly enjoyed Oliver Shah's piece in The Sunday Times on some of the murky characters behind the purchase of BHS from Sir Philip Green.
The intrepid hack appears to be leading the way in bottoming out who was behind this rather opaque deal and their backgrounds. Here is a link to Oliver's piece:..
RARE alert: Shire said to be weighing "transformational" $65 billion merger with BioMarin Pharmaceutical
Perhaps I spoke (or wrote) to soon about Shire's next "transformational" deal taking a while to happen - see the link: http://betaville123.blogspot.co.uk/2015/03/rare-alert-shires-next-deal-likely-to.html...
Interesting piece from Bloomberg on today's news about the 3G/Warren Buffet-backed $40 billion Heinz takeover of Kraft. Here is a link: http://www.bloomberg.com/news/articles/2015-03-25/heinz-s-46-billion-kraft-bid-is-a-megadeal-without-a-megabank..
Revealed: Private Equity International could be about to change hands for between £35million and £50 million.
I understand the company behind Private Equity International, PEI, has hired advisers from Livingstone Partners to look at "strategic options", which could result in a sale of the publishing, conferences and training business.
First round bids for PEI are expected to be submitted in the next few weeks, according to my moles...
I see SAB Miller's shares are only down about 0.5pc despite today's announcement about the 3G-backed $40 billion Heinz takeover of Kraft.
Perhaps the market isn't dismissing the idea of an SAB Miller deal following today's news after all. I should have more on this situation later on the week, so keep an eye on Betaville...
I imagine SAB Miller's shares will be hit hard this morning as the Wall Street Journal revealed overnight that 3G, the fund managed by a group of Brazilian billionaires, is in talks to buy Kraft for more than $40 billion.
The Daily Telegraph's Ashley Armstrong has just written an interesting piece on 888 Holdings, the online gaming company that recently saw takeover talks with William Hill fall apart.
The report quotes the company's executive chairman as saying that 888's main founding shareholders would be supportive of an all-share merger with another gaming company.
Here is a link to the piece:..
Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 14
I hope your having a good weekend Betavillers.
I have been getting a lot of questions (and a fair amount of abuse, too) in recent days about the Slater & Gordon/Quindell story I have been covering in the last few weeks.
For readers that don't recall, the £640 million sale of Quindell's legal services division to Australian law firm Slater & Gordon had been scheduled to be announced tomorrow...
It's Budget day (here in the UK), so here is a piece of RARE that is completely unconnected to one of the busiest days in financial/political journalism.
I hear Shire's next deal is likely to be "transformational".
Since Flemming Ornskov took the helm of pharmaceutical giant he has carried out quite a few major deals, such as this year's $5.2 billion acquisition of NPS or the $4.2 billion purchase of ViroPharma in 2013...
The Times business section had a cracking front page today, with Gideon Spanier landing a juicy scoop about how The Mirror Group, publisher of The Daily Mirror, is trying to buy The Daily Express and The Daily Star from Richard Desmond...
[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].