Betaville

Buffett buys insurer Alleghany for $11.6 billion

Warren Buffett is splashing out over $11 billion on US-listed property and casualty insurer Alleghany Corporation.

Buffett's firm Berkshire Hathaway is paying $848.02 per in cash for Alleghany and follows a period in which the billionaire old timer has complained about the lack of acquisition opportunities.

Anyway, I have pasted the core details of the press release below:..

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Hedin Group makes secret £400 million takeover approach for car dealer Pendragon, reveals Sky News

Mark Kleinman of Sky News appears to have gone into hyperdrive, digging out blockbuster scoops on an almost hourly basis.

His latest scoop is about how Hedin Group has submitted 28p a share (roughly £400 million) offer for London-listed Pendragon, the car dealer. Below is a link to Mark's story:..

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Sycamore Partners said to weigh £200 million plus takeover bid for Ted Baker, reveals Sky News - Part 3

It didn't take long for Sycamore Partners to confirm its interest in buying Ted Baker.

The private equity firm has just announced it is considering making an offer for the London-listed retailer. Below is the link:

https://www.investegate.co.uk/sycamore-prtns-mgmt/rns/statement-re-possible-offer/202203180700072225F/..

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Sycamore Partners said to weigh £200 million plus takeover bid for Ted Baker, reveals Sky News - Part 2

It would appear The Kleinmanator of Sky News wasn't the only City hack onto the Ted Baker bid rumour.

Last week, Bryce, "The Flying Scotsman", Elder of the venerable Financial Times got into the story in his excellent City Insider column, pointing out that there was talk circulating the London market of a £300 million plus takeover offer. Below is a link to Bryce's piece:..

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Sycamore Partners said to weigh £200 million plus takeover bid for Ted Baker, reveals Sky News

Mark, "The Kleinmanator", Kleinman of Sky News has landed a decent scoop this evening about American private equity firm Sycamore Partners weighing a takeover bid for Ted Baker, the London-listed retailer.

According to Kleiny, Sycamore has hired Numis to advise on the possible takeover, so one assumes the firm's interest is relatively advanced and a statement should be appear soon. Below is a link:..

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Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 11

Oaktree Capital is the newest participant in the £3 billion Chelsea FC sale process.

According to the Financial Times, the $166 billion asset manager - led by Howard Marks - "is preparing an offer for Chelsea" ahead of this Friday's bid deadline. Below is a link to the FT piece:

https://www.ft.com/content/c031e021-9b76-45e6-be61-62ddec48c36a..

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Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 10

Betaville is adding Tilman Fertitta to the list of suitors lining up trying to buy Chelsea FC.

That's because, according to Mark "The Kleinmanator" Kleinman at Sky News, Fertitta is in the data room going over Chelsea FC's books.

Fertitta owns the Houston Rockets NBA team and runs Landry's, a gaming and hospitality group.

Anyway, below is updated list of Chelsea suitors:..

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Nielsen Holdings PLC set to be taken private by private equity consortium for $15 billion, reveals the Wall Street Journal

The venerable Wall Street Journal has just published a whopping deal scoop.

According the publication, a consortium of private equity firms that includes Elliott Management, the hedge fund giant led by Paul Singer, are in talks to take Nielsen Holdings, the TV ratings company, private for around $15 billion. Below is the link to the tale:..

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Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 9

Football hacks at The Times are reporting that a consortium headed up by US financier Todd Boehly and British property developer Jonathan Goldstein has emerged as the "leading contender" to buy Chelsea FC. Below is the link to that story:..

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Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 8

The Guardian have just published an intriguing article about the on-off sale of Chelsea Football Club.

Most of the market seemed to think the sale was off yesterday following the news about the British government sanctioning Roman Abramovich.

But now hacks at The Guardian are reporting that a select group of potential buyers are being considered as potential owners by the UK government (is that Nadine Dorries?)...

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Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 7

Forget about days; it would appear there is a new bidder interested in buying Chelsea Football Club every hour.

Last night it emerged Josh Harris - the former Apollo dealmaker that owns a stake in Crystal Palace - and Jamie Reuben, the son and nephew of billionaire brothers David and Simon Reuben, have both thrown their hat in the ring to buy Chelsea FC from Roman Abramovich, the Russian oligarch...

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Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 6

Another day, another bidder - or two - for Chelsea FC, the Premier League football club put on the block by Roman Abramovich.

Reports emerged yesterday that Robert 'Woody' Johnson, the owner of the New York Jets, is keen on taking a look at the winners of the Champions League.

Also, a shadowy Saudi group called Saudi Media is sniffing around Chelsea FC, according to football website Goal...

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