Bharti pulls out of MTN talksSource: rediff News
What could have made one of the largest telecom operator in developing countries over 100 million subscribers turned out to be failed attempt. Bharati telecom has a reputation of becoming a telecom giant from scratch within a decade with over 60 million subscribers.
Running a winning M&A shopSource: The McKinsey Quarterly
Picking up the pace of M&A requires big changes in a company's processes and organization—even if the deals are smaller.
Tata: Master of the Gentle ApproachSource: Business Week
Tata: the company of real gentlemen. A conglomerate owned by charitable trust keeps the devil out of the businessman's mind. Is it the best answer to crony capitalism?
Facebook Buys WebOS Startup Parakey Source: Forbes
Facebook, itself the speculation of a lot of M&A, has done its first small one: it has bought Parakey, a still-in-stelth startup run by Blake Ross and Joe Hewitt, co-founders of Mozilla Firefox.
Paladin raises takeover bid for SummitSource: egoli.com.au
As soon as the Areva deal was announced, Paladin upped its bid to 1.67 Summit shares for a Paladin share. Summit is considering the revised offer, but it likely will fall short of what Summit diretcors consider a fair price, especially now with the possible Areva alliance.
Royal Bank in bid to thwart Barclays mergerSource: theherald.co.uk
The Royal Bank of Scotland is poised to enter the fray for ABN-Amro, but there is still a possibility that barclays may offer to throw it a bone to placate it away from a full scale competing bid.
Takeover candidates: The world according to Goldman SachsSource: bloggingstocks.com
Private equity...sounds a lot more saleable than leveraged buyout, doesn't it? Goldman Sachs takes a bit of an in depth look at this sector and describes what makes a successful LBO and candidate for the same.
Goldman clears way for ABN Amro bid battleSource: The Times
Even by global M&A standards, this one is going to be a beauty: ABN-AMRO is the prize, Barclays is the suitor...and Goldman Sachs is frantically workign behind the scenes to see if it can launch a counter proposal in time.
Fancy another merger, mate?Source: Business Week
Australia's business landscape is now in what can fairly be described as takeover/merger mania. Thanks to the agressive activities of Macquarie Bank and other key players, M&A actibity is now attracting worldwide attention.
Akamai to Acquire NetliSource: Business Wire
Akamai uses pricey common stock to buy applications acclerator for $182 million.
New costs warning to BAA predatorSource: The Times
Not just Ferrovial, but Macquarie Bank, Babcock & Brown, Goldman Sachs and other players better pay close attention to this statement and rethink some of the prices that are being paid for transport infrastructure assets of late.
Macquarie no longer bidding for PatrickSource: The Sydney Morning Herald
MacBank may have run out of time or its partners may have been scared off by the aggressive defensive (read offensive) tactics of Toll. Either way, its last minute "bid that never really was a bid" is over. But this may not be the end of the matter.