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
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Though Rupert Murdoch’s $80 bln bid includes a 20 pct premium, his quarry may have been on track to achieve the offer price on its own. Time Warner also should be able to get more credit from the market for its growth. That gives boss Jeff Bewkes some negotiating power with Fox.
The Anglo-Dutch consumer giant hedged its bets when it swallowed Slim-Fast and Ben & Jerry’s at once in 2000. The weight-loss brand cost seven times more, and Unilever just sold it for cheap. Ice cream still keeps it fat and happy. Fads, in both diet and investing, are dangerous.
The Mexican billionaire agreed to unload some of his $70 bln telecom empire to satisfy regulators. After years of fighting a breakup, the abrupt concession suggests Slim is ready to reallocate his capital. Local TV, energy and banking may beckon as could opportunities overseas.
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