Category: Corporate Finance

Creating today’s Media Powerhouse: Meredith to buy U.S. publisher Time in Koch-backed Deal

  Meredith Corporation (NYSE:MDP) – market cap as of 02/12/2017: $2.96bn Time Inc. (NYSE:TIME.K) – market cap as of 02/12/2017: $1.85bn Introduction On the November 26, 2017, Meredith Corporation entered into a binding agreement to acquire Time Inc., Meredith’s former rival and one the biggest incumbents in the media sector, for a $2.8bn. The bidder […]

Cerberus buys major share in BBVA’s real estate assets riding the wave of the Spanish roaring housing market

Banco Bilbao Vizcaya Argentaria S.A. (BBVA:MCE) – market cap as of 1/12/2017: €47.17bn Introduction On November 29, 2017, it was announced that BBVA had sold to the American fund Cerberus the bulk of its real estate business in Spain. Through this operation, the Spanish bank will reduce by 70% its gross property exposure, which currently […]

Online-to-Offline: Alibaba joins the trend with $2.88bn investment in Sun Art

Sun Art Retail Group Ltd (HKG: 6808) – Market Cap as of 02/12/17: $74.70bn Alibaba Group (NYSE: BABA) – Market Cap as of 02/12/17: $447.20bn Introduction On November 19, 2017, the Chinese online giant Alibaba acquired a 36.16% stake in Sun Art, an important player in the Chinese offline retail market. A unit of Alibaba […]

The Rise Of User-Based Valuation In Tech

Introduction When we look at the biggest companies by market cap, many of them are Tech firms, capable of leveraging innovative technologies to create new types of businesses. Most times they offer business models that are so different from the companies we are used to, that we struggle in finding the best way to give […]

Consolidation under the shadow of giants: Marvell and Cavium join forces in $6bn deal

  Marvell Technology Group Ltd. (NASDAQ:MRVL) – market cap as of 24/11/2017: $11.80bn Cavium Inc. (NASDAQ:CAVM) – market cap as of 24/11/2017: $6.14bn Introduction On November 20, 2017, Marvell Technology Group has agreed to buy rival chipmaker Cavium in a cash and stock deal which values the target company at around $6bn. The deal marks […]

Emaar lists through an IPO 20% of Emaar Development for $1.5bn

Emaar Development PJSC (EMAARDEV:DFM) – market cap as of 24/11/2017: $6.26bn (AED 23bn) Introduction On November 22, 2017, Emaar Properties sold on the DFM (i.e. Dubai Financial Market) 20% of the shares of its domestic development arm in an Initial Public Offering, at $1.64 per share. Emaar capitalisation at listing was c. $6.56bn with 800m […]

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