The Deal
Sunday, July 6, 
2:13 am

Merrill reportedly in talks to sell Bloomberg stake

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Click to visit DealscapeMerrill Lynch & Co. Inc. has been long been speculated to sell its 20% stake in financial publisher Bloomberg L.P. Now, all the talk maybe a reality as Merrill Lynch is said to be in the early stages of negotiations of selling its minority ownership in the financial media publisher, according to the New York Times on Saturday....

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The Deal Newsweekly, week of July 7

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Click to visit DealscapeThis week's issue features our annual look at Private Equity Deals of the Year. Coming about one year after the credit crisis took hold, this year's collection, spearheaded by Vyvyan Tenorio, is an eclectic bunch; we call the compilation "Odds and Ends." We begin by highlighting a few blockbuster exceptions to the period's general bleakness, including Alltel Corp.'s $27.5 billion LBO and its successful flip to Verizon Wireless months later. There's also Bristol-Myers Squibb Co.'s sale of ConvaTec, notable for the airtight sale agreement behind it, and two precredit crunch buyouts, United Rentals Inc. and Clear Channel Communications Inc.'s television...

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Early-stage startups strut their stuff at Geek-Out

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Click to visit VC RatingsSix companies presented five-minute demonstrations for an audience of VCs, media, peer startups and advisers at last evening's Big Summer Geek-Out, presented by SF New Tech and held at Mighty...

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Tech M&A a buyer's market

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Click to visit Behind The Money Blog"All that's left are the strategic deals," says Peter Falvey, managing director and co-founder of Revolution Partners, a Boston investment bank that focuses solely on technology mergers and acquisitions."The numbers don't...

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Not exactly fireworks on the Street, but not bad

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Click to visit DealscapeThe Dow Jones Industrial Average closed up 73.03 points to 11,288.54 in abbreviated pre-July 4th holiday weekend trading on Thursday. The patriotic holiday spirit seems to have shined through as the market ticked up despite news that already record oil prices inflated another 6 cents and employers cut payrolls by 62,000 in June -- the sixth-straight monthly cut....

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GameDuell takes $17.5M second round

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Click to visit VC RatingsEuropean venture firm Wellington Partners said it had invested more than €11 million ($17.5 million) in German startup GameDuell, a creator of online video games that delivers cash prizes to...

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Latest African telecom deal comes from Vodafone

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Click to visit Corporate DealmakerMobile phone company Vodafone Group plc is buying a 70% stake in fixed-line and mobile operator Ghana Telecommunications Co. from the government for $900 million. Vodafone's revenue from emerging markets surged 45% to 9.35 billion pounds while sales in Europe increased 6.1% to...

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Bank Watch: Lehman's shares skyrocket

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Click to visit Dealscape Shareholders of battered Lehman Brothers Inc. were also in a holiday spirit, as its shares ticked up 2.19% to close at $22.85. Lehman's slow stock recovery began Tuesday after an analyst at Morgan Stanley raised the price target for the struggling bank to $31 a share. - Michael Rudnick Troubled Wall Street Name Open Last price Change Mkt cap J.P. Morgan Chase & Co. 35.12 35.31 0.71 120994.36 Lehman Brothers Inc. 22.73 22.85 0.49 12629.20 Merrill Lynch & Co. 31.47 31.12 -0.03 30663.53 Goldman Sachs Group Inc. 180.3 178.89 0.10 70519.05 Morgan Stanley 36.03 35.91 0.04 39820.60 Citigroup Inc....

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Infineon chief: No mergers for size's sake

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Click to visit Money Out BlogStruggling German chipmaker Infineon Technologies AG [IFX] has hit one pothole after another, but new CEO Peter Bauer doing his best to steer the company onto a smoother path. The...

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Activision suit: 'Game over'

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Click to visit DealscapeIf all goes according to plan, video game publisher Activision Inc.'s "Guitar Hero" will soon be rocking out with avatars of Vivendi SA's "World of Warcraft."...

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Roll Call: Circuit City director resigns

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Click to visit DealscapeBlockbuster Inc. is not the only one quitting on Circuit City Stores Inc. The lead director of Circuit City resigned after Blockbuster withdrew its bid, according to The Wall Street Journal. Mikael Salovaara was chairman of the nominating and governance committee in addition to lead director. Prior to that, he worked at Goldman Sachs Group Inc., Circuit City's investment banker. - Maria Woehr Circuit City is down, but is it out? Could Sears or Wal-Mart bid for Circuit City? Rabble Babble: What's next for Circuit City?...

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Checking out GE Aviation's Czech maneuver

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Click to visit Corporate DealmakerGeneral Electric Co. buys Walter Group, a small Czech turboprop maker, to round out its aircraft engine line and go after archrival Pratt & Whitney in a segment of the business it currently dominates. The story in Thursday's WSJ (subscription required) serves up as neat an example as you'd like...

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IBM's acquisition of PSI angers trade group

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Click to visit Corporate DealmakerEarlier Thursday, we provided some context to IBM Corp.'s acquisition of mainframe rival Platform Solutions Inc. and speculated about the future of PSI's smaller, less expensive mainframes. For analysis of the antitrust issues raised by the transaction, we turn to The Deal's Bill McConnell. IBM says the acquisition is too...

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KKR IPO story emblematic of moribund PE market

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Click to visit DealscapeThere's no clearer symptom of how utterly lifeless the private equity market has become than Thursday's prominently placed piece in The Wall Street Journal's C section that Kohlberg Kravis Roberts & Co. hasn't given up on the notion of going public....

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Downloads account for 15.4% of U.S. album sales in first half of 2008

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Click to visit The NoteDownloads now account for 15.4% of record album sales in the U.S., according to a mid-year industry report from Nielsen SoundScan. Sales of tracks delivered online were up 34.4% during...

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The Deal Calendar: July 7-July 11, 2008

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Suzanne Stevens speaks with Matt Wurtzel about potential deals in the video gaming sector.

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