So, Entain has been forced to confirm it has received a takeover approach from MGM Resorts at £13.83 a share, valuing the business at just over £8 billion. Below is a link:
Payment companies are in the headlines this Sunday but not necessarily for similar reasons...
Well, it didn't take long for The Sunday Telegraph's splash story about Fred Done's £2.9 billion counterbid to be quashed.
Rival papers, such as City AM and The Times, are quoting spokespeaople or "people close to the situation" as saying the bookie has no interest in mounting a bid for the whole company. Below are the link:..
There are plenty of interesting stories in the British Sunday newspaper sections today, including Neil Craven's piece on the billionaire Issa brothers and their purchase of retail stalwart Asda. Below is the link to Neil's jackanory, which seems to be getting plenty of air time on Twitter this morning:..
Investors in funds run by Lansdowne Partners can sleep a little easier.
A corporate communicator for the hedgie got in touch with little old Betaville to claim the The Sunday Telegraph's line about Lansdowne's interest in buying Virgin Atlantic is "wrong".
Mmmmmmmm...I have pasted the statetment from the Lansdowne lackey below so dear reader you can make your own mind up...
If you weren't able to pick up a copy of the Mail on Sunday today you may not have noticed I had a chat with Sir Stelios about the company's board, the airline's precarious financial position and the possiblity of a cash call.
Sir Stelios was on rumbustious form, so I have pasted the link to the piece below if you missed piece:..
This piece - https://www.telegraph.co.uk/business/2019/09/21/hong-kong-enlists-help-banking-heavyweights-win-london-stock/ - in the Sunday Telegraph's business section about Hong Kong Exchange and Clearing hiring HSBC to bolster to its bid for the London Stock Exchange caught Betaville's eye...
The City of London should be cranking back into fourth gear this week as the summer holidays come to an end. I guess, then, it isn't surprising that there were plenty of compelling tales in the Sunday newspaper business sections today...
The British aren't exactly popular on the continent at the moment thanks to the interminable Brexit negotiations.
There is, though, one Brit who has had a hand shaping one of the largest Franco-Italian corporate mergers of 2019.
Baroness Wheatcroft of Blackheath, also known as Patience Wheathcroft, is a non executive director of Fiat Chrysler, which this weekend was outed by the Financial Times as in merger discussions with France's Renault...
Most hacks on national newspapers are bombarded by public relations-driven research on daily basis. Today, for example, I count around 20 of these type of emails in my inbox. And I'm just a jobbing freelancer and editor of a one man band website. Just imagine how many a staff journalist receives on a national newspaper...
Most of this morning's business sections lead on story about how Mike Ashley's Sports Direct "doest not intend to make an offer" for beleguered rival Debenhams.
So, clearly Sports Direct WAS looking at making an offer for Debenhams as former colleague Ben Marlow reported last month in The Sunday Telegraph. Below is the link:..
There weren't too many M&A scoops in the business sections this weekend but having worked for The Sunday Times, the Mail on Sunday and The Sunday Telegraph I know how some weeks it can be extremely tough digging out humdinger deal jackanories. They are a bit like buses - you wait for ages and then suddenly three come along in one go...
There were a couple of pieces that caught my eye in today's Sunday newspaper business sections.
Most intriguing was a comment piece written by Iain Dey, business editor of The Sunday Times, about how Exxon Mobil might rekindle its interest in FTSE 100-listed oil giant BP. Regular Betaville readers will know this is a topic little old Betaville has broached in the past. Anyway, if you missed Iain's excellent column I have pasted the link below:..