Posts filed under “M&A”

The History of Google Acquistions

Jess Bachman, who did several of the fantastic illustrations for Bailout Nation, turns his attention to this epic infographic of all of Google’s acquisitions in the pipe:


click for ginormous graphic


via SEO site

Category: Digital Media, M&A, Web/Tech

2010 M&A by the Numbers (1H)

Barron’s has some interesting data points on deal activity in 2010: • 1,701: volume of deals in the first half, about stable with the like period in 2009 • $362 billion: total value of deals in the first half • 8.7%: rise in first-half deal value from the 2009 period • $41.6 billion: value of…Read More

Category: M&A

As Goldman Bagged Clients, Merrill Bagged Itself

As a stark counterpoint to How Goldman Sachs Bagged Clients, I recall ever so fondly how Merrill Lynch bagged itself:  With a Sept. 2006, top-of-the-market, $1.3 billion acquisition of sub-prime originator First Franklin from National City: First Franklin is one of the nation’s leading originators of non-prime residential mortgage loans through a wholesale network.  [...] “This…Read More

Category: Bailouts, M&A

William Ackman on Kraft/Cadbury

Discussing Pershing Square’s stake in Kraft, with William Ackman, Pershing Square Capital Management.

Part I

Part II

Airtime: Wed. Jan. 20 2010 | 7:21 AM ET

Category: M&A, Video

Buffett Sells Moodys, Buys Burlington Santa Fe

Dump the dog, buy the thoroughbred: • Berkshire Buys Burlington Northern in Buffett’s Biggest Takeover (Bloomberg) • Buffett’s Berkshire Sells More Moody’s (Barron’s) Prior to the takeover, Berkshire owned 22.6% of Burlington Santa Fe. At the end of 2008, Berkshire held 48 million shares of Moody’s. Their stake is now down to 38 million shares,…Read More

Category: M&A

Some of the emails that recently came to light — from prior to the Merrill acquisition closing — makes it pretty hard for the company to claim MAC — Material Adverse Condition. The email exchanges make clear it they had a pretty good idea about the lousy condition Merrill Lynch was in. To my read,…Read More

Category: Bailouts, Corporate Management, Legal, M&A

How Has Merrill Acquisition Impacted BofA?

Huge Bloomberg article on BofA’s Merrill acquisition. My view is that the vast majority of all mega-mergers are unmitigated disasters. The one true exception seem seems to be Commodity mergers (especially Energy/Oil), where you increase reserves but cut admin overhead. As disastrous and expensive as the acquisition has been, the Bloomberg column argues it also…Read More

Category: Bailouts, M&A

Comcast/NBC Deal Looks to be Real

As noted last night, Comcast is discussing a majority NBC purchase from GE: • Comcast-GE Talks Heighten Intrigue Over Fate of NBCU Its good to have low friends in high places — especially lawyers! (Thanks, David!)

Category: Financial Press, M&A

Sources: Comcast in Talks to Buy NBC

The late breaking news doesn’t seem to stop these days: “Comcast, the nation’s leading provider of cable, entertainment and communications products and services, is in talks to buy the entertainment giant NBC-Universal from General Electric, according to knowledgeable individuals. Deal points were hammered out at a meeting among bankers for both sides in New York…Read More

Category: Financial Press, M&A

S&P Tried to Buy Morningstar

A Bailout Nation reader reached out to me with the following tale. What makes it so compelling even today was what they thought they could do with it: Turn it into another Pay-for-Play business: I was at Morningstar as a mutual fund analyst when S&P tried to buy the company circa 1997. The S&P people…Read More

Category: Bailouts, Legal, M&A