Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London. Follow Quentin on Twitter @qtwebb
- Tel: +44 (0)20 7542 9405
- E-mail: firstname.lastname@example.org
The casino’s private equity owners are haggling with creditors. One idea is to split a key unit into operating and property arms, as rivals have. Such financial engineering would fit well with Apollo and TPG’s earlier moves to turn this top-of-the-market LBO into a decent bet.
Strong results lifted shares in the $87 bln mobile operator. Rocketing data demand, up 80 pct on last year, endorses a $30 bln stg splurge on networks. With the fall in like-for-like sales moderating to 1.5 pct, a return to top-line growth looks in sight.
Angolan tycoon Isabel dos Santos is bidding $1.5 bln for the Lisbon unit that owns 26 pct of Brazil’s Oi. The bid is highly conditional and looks like a long shot. But even if it fails, dos Santos may benefit from disrupting planned deal-making in both Portugal and Brazil.
- Qatari bid highlights Canary Wharf’s potential
- Cable M&A wave washes over the Caribbean
- Carlyle buys a shovel-maker for deal gold rush
- Emerging bidders still hungry for Western food
- Publicis overpays with $3.7 bln digital takeover
- Alcatel shifts up a gear despite U.S. worries
- France’s cable king closes in on mobile prize