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Day: October 4, 2022

It’s finally happening!  Elon Musk Proposes to Buy Twitter for Original Price of $54.20 a Share (TWTR) – Bloomberg

It’s finally happening!  Elon Musk Proposes to Buy Twitter for Original Price of $54.20 a Share (TWTR) – Bloomberg

  • October 4, 2022
  • 0 Comments
  • By CorpDev
Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, Bloomberg News reports.Musk made the proposal in a letter to Twitter, according to people familiar with...
Posted in Big Deal
Musk says Twitter deal is ‘accelerant’ to creating ‘everything app’ [Deals Market Headlines | Breaking Stock Market News | Reuters]

Musk says Twitter deal is ‘accelerant’ to creating ‘everything app’ [Deals Market Headlines | Breaking Stock Market News | Reuters]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
Oct 4 (Reuters) - Elon Musk said on Tuesday buying Twitter Inc (TWTR.N) is an "accelerant to creating X, the everything app", after the billionaire proposed to go ahead with his original offer of...
Posted in Technology, Media and Telecom
Musk says Twitter deal is ‘accelerant’ to creating ‘everything app’ [Deals Market Headlines | Breaking Stock Market News | Reuters]

Musk says Twitter deal is ‘accelerant’ to creating ‘everything app’ [Deals Market Headlines | Breaking Stock Market News | Reuters]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
Oct 4 (Reuters) - Elon Musk said on Tuesday buying Twitter Inc (TWTR.N) is an "accelerant to creating X, the everything app", after the billionaire proposed to go ahead with his original offer of...
Posted in Deal Drama
IT management firm DXC receives takeover approach [buyout/ takeover]

IT management firm DXC receives takeover approach [buyout/ takeover]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
If a takeover is successful, DXC would be one of several high-flying firms that have opted to go private as surging interest rates and punishing levels of inflation squeeze stock prices...
Posted in Private Equity
Spacecraft builder York sells stake to private equity firm AEI at over $1bn valuation [Private Equity Insights]

Spacecraft builder York sells stake to private equity firm AEI at over $1bn valuation [Private Equity Insights]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
The deal, announced on Tuesday, makes York the latest space unicorn — a company valued at over $1 billion on the private markets. AEI took a 51% equity stake in York at that valuation, people...
Posted in Private Equity
Blackstone in talks to buy Emerson’s assets for up to $10 bln [buyout/ takeover]

Blackstone in talks to buy Emerson’s assets for up to $10 bln [buyout/ takeover]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
The deal, that could be valued between $5 billion and $10 billion, would depend upon how much of the portfolio changes hands Source Author: unknown
Posted in Big Deal
Blackstone in talks to buy Emerson’s assets for up to $10 bln [buyout/ takeover]

Blackstone in talks to buy Emerson’s assets for up to $10 bln [buyout/ takeover]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
The deal, that could be valued between $5 billion and $10 billion, would depend upon how much of the portfolio changes hands Source Author: unknown
Posted in Private Equity
Icahn had Twitter stake worth over $500 mln before Musk’s about-face [buyout/ takeover]

Icahn had Twitter stake worth over $500 mln before Musk’s about-face [buyout/ takeover]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
Icahn made the investment on the belief that Tesla Inc (TSLA.O) chief Musk wouldn't go through a trial that he looked likely to lose, the report said. He also believed that the stock was worth close...
Posted in Deal Drama
Icahn had Twitter stake worth over $500 mln before Musk’s about-face [buyout/ takeover]

Icahn had Twitter stake worth over $500 mln before Musk’s about-face [buyout/ takeover]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
Icahn made the investment on the belief that Tesla Inc (TSLA.O) chief Musk wouldn't go through a trial that he looked likely to lose, the report said. He also believed that the stock was worth close...
Posted in Technology, Media and Telecom
HSBC taps JP Morgan for potential Canada exit -source [Deals Market Headlines | Breaking Stock Market News | Reuters]

HSBC taps JP Morgan for potential Canada exit -source [Deals Market Headlines | Breaking Stock Market News | Reuters]

  • October 4, 2022
  • 0 Comments
  • By CorpDev
TORONTO, Oct 4 (Reuters) - HSBC is working with JPMorgan Chase & Co as the UK lender reviews its Canada business for a potential sale, a source familiar with the matter told Reuters on Tuesday...
Posted in Financial Services

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