Saturday, February 16, 2013

Computer

manufacturer has announced that it will be sold to a consortium led by founder Michael Dell as similar price tag placed on the pay-TV company

plans of two provisions of the mega-backed debt, reminiscent of the frenzy before the financial crisis of the purchase were disclosed yesterday when the computer manufacturer Dell and the cable group Virgin Media confirmed that the two are about to be bought treats each worth more than $ 20 billion (€ 12.8 billion).

Dell announced that it would sell for $ 24.4bn to a consortium formed by founder Michael Dell, the software giant Microsoft and private equity group Silver Lake. It is the largest operation since confirmed the credit crisis was installed in 2007, followed by the collapse of Lehman Brothers in September 2008.

In addition, John Malone of Liberty Global, said it is in talks with Virgin Media, which has about 4.9 million customers of cable TV. Bankers put a price tag of more than $ 20 billion business. If successful acquisition will compete with casual American billionaires Rupert Murdoch rival in the field of pay TV. Murdoch, who controls BSkyB was forced to sell its valuable Malone DirecTV satellite broadcasting in 2006, to get Malone to download a deadly game of nearly 20% of the head of Liberty accumulated in Murdoch's News Corporation empire.

Mathew Horsman

, director of strategic analysis and financing Mediatique said that agreements suggested improving investor confidence was: "There was a lot of money accumulated floating around, with people willing to negotiate once the market is good. So far, it seems that people are worried about whether there would be adequate coverage or not. "

Each offer is greater than all, from $ 26 billion buyback obtained Blackstone Group Hilton hotel in summer 2007. They are echoes of the acquisition of pre-crash boom which saw a tumult backup processes leverage the acquisition of BAA Heathrow owner Ferrovial led 10.3 billion EUR in 2006 to purchase 45 billion dollars (? 29 billion) of Texas utility TXU by a consortium of U.S. private equity a year later.

James Dailey, portfolio manager of TEAM Asset Strategy Harrisburg, Pennsylvania, told Reuters: "We seem to be buying into this manic, and people are reluctant to abandon optimism that the market will rise. "

Global Decision
freedom to bid for Virgin Media Owner Malone faces a battle head to head with Murdoch and BSkyB, which has so far won over Virgin Media in the competition for TV subscribers almost double payment of the customer base of over 10 million euros.
Liberty Global pay-TV operations extend Chile Switzerland, but not presencein UK. Movement is the second time in five years, Liberty looked Virgin Media, which is listed on the U.S. Nasdaq and had a market capitalization of more than $ 10 billion on Monday. It also has $ 5 billion of debt. Shares rose 16% to $ 45 yesterday. A year ago, they changed hands at $ 21.

Group Richard Branson, Virgin has a little less than 3% of the company, who were expecting an offer price of $ 47 would be worth about $ 380 million. Branson now receives a percentage of their income as an annual fee, which last year totaled about 10 million pounds. Branson can not veto an agreement.



Virgin Media CEO Neil Berkett, who joined the company in 2006, when he was considered a loss could drop nearly 30 million takeover freedom.
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