Jeffrey Goldfarb is the U.S. Editor of Breakingviews. Based in New York, he coordinates coverage in the region, while frequently writing about Wall Street, private equity, M&A and the media and tech industries. Before becoming a columnist in 2007, he covered banking, mergers, international trade, healthcare and the internet for Reuters and BNA. From London, Jeffrey led the European corporate finance team for Reuters and coverage of the continent's media sector. He has a master's in journalism from Columbia University and a bachelor's degree in finance from The George Washington University. Follow Jeffrey on Twitter @jgfarb
- Tel: +1 646 223 6098
- E-mail: firstname.lastname@example.org
The Swiss insurer is buying its upscale U.S. rival. Cost and tax savings don’t cover the premium, implying ACE believes in promised revenue gains, also touted in the Willis-Towers Watson merger this week. The failed 1999 marriage of Provident and Unum, though, provides a warning.
The company’s new subscription music streaming and online radio services could upend markets dominated by Pandora, Spotify and SiriusXM. Their combined annual revenue of $6.4 bln would be equaled by just 6 pct growth in iPhone sales. The hardware angle sets Apple’s effort apart.
The firm that helped blaze the trail on LBOs four decades ago has become one of the first to settle with the SEC over expenses charged to investors in its funds. KKR will have company, however. Individual sums may be small but, like the fees themselves, they’ll start to add up.
- Williams may get too twisted avoiding complexity
- Mega-rejections signal M&A's Taylor Swift moment
- Comcast founder leaves behind dual-class legacy
- Play time is over for Toys R Us owners
- Rupert Murdoch's step back propels dynasty forward
- Canadians add imagination to GE's buyout work
- Beware a bluff from poker-playing Dish boss