Liam Proud joined Breakingviews in 2016. He previously worked as digital content editor at the Natural History Museum, and as deputy business features editor at the London newspaper City A.M. Liam graduated from the University of Exeter in 2013 with a degree in philosophy.
Bain and Carlyle’s $4 billion Osram bid may be trumped by chipmaker AMS. Trade unions, which sit on the target’s board, are more worried by the latter than the former. While Chairman Peter Bauer may hear out the Austrian suitor, its heavy debt load will be hard to ignore.
CEO Masayoshi Son and his dealmakers could contribute a chunk of the capital for Vision Fund 2, according to reports. Aligning staff and investors’ incentives is one thing. But since SoftBank would lend them the cash, its own losses would be magnified if the tech vehicle flops.
CEO Masayoshi Son thinks he can raise $108 bln for his second Vision Fund without the Gulf state which bankrolled the first. Yet the numbers make it hard to see how he will do so. They imply either a big corporate or a Kazakhstani fund is writing an unexpectedly large cheque.