Reaching for the Sky: Cellnex acquires Arqiva’s Telecom Towers for £2bn

Cellnex Telecom SA [CLNX: BME] – Mkt cap as of 19/10/19: €12.24bn Arqiva – not listed Introduction On the 8th of October 2019, Arqiva announced the sale of its Telecoms business (TowerCo) to Cellnex for £2bn, which Arqiva will use to reduce its leverage, currently standing at a debt-to-equity ratio of 1.9. The operation will […]

Tech Behind the Wheel: Samsung to Acquire Harman for $8bn

Samsung Electronics Co Ltd (005930:KSE) – market cap as of 18/11/2016: $188.98bn (KRW223.117tn) Harman International Industries Inc. (HAR:NYSE) – market cap as of 18/11/2016: $ 7.622bn Introduction On November 14, Samsung Electronics Co. announced the acquisition of Harman International Industries Inc. for a total equity value of approximately $8bn, and a value per share of […]

Disruptive Trends in Tech M&A: The Cases of Microsoft and Snapchat

Introduction Over the past years, the technology industry experienced an overwhelming volume of M&A activity. The following article aims at outlining the motivations behind this phenomenon and at identifying numerous disrupting factors. Microsoft’s acquisition of the professional social network LinkedIn, as well as Snapchat’s rebranding strategy and potential IPO in 2017 will serve as examples […]

Nokia is “Connecting People” again with the Withings Acquisition

Nokia Corp.; market cap as of 29/04/16: €29.746bn Introduction On April 26, Finland-based Nokia announced plans to acquire France-headquartered healthcare wearables devices manufacturer Withings S.A. in a €170m cash deal. The transaction comes as Nokia seeks to make a consumer-focused comeback, prompted by slowing sales in its network equipment business. Also, the move displays a […]