Tom joined Breakingviews’ New York office in 2016 from Institutional Investor, where he worked as international editor. Previously, he reported on European business and politics for the International Herald Tribune (now part of The New York Times) from London, Brussels and Paris. He has covered major stories from Europe, Asia and Latin America on economics, financial regulatory reform, trade, asset management and business strategy.
A month after picking New York for its new location, the $810 bln e-commerce giant is being bashed by local politicians and unions. It’s a rude shock for a firm used to getting its way. This kind of opposition can be eased with money. As Amazon gets bigger, the cost rises.
Months after putting it in play, Paul Singer’s hedge fund is joining a $4.4 bln buyout of Travelport. Public investors don’t value the e-commerce also-ran, and getting margins near leader Amadeus may reap big gains. It’s a new way for Elliott to put its money where its mouth is.
The former New York mayor says he’ll try to sell his financial-data empire if he wins the 2020 presidential race. Lucky for him, money is plentiful for a buyout that could be valued at $40 bln. And there’s a blueprint he can use: Thomson Reuters’ sale of Refinitiv to Blackstone.