Bloomberg reveals Pearson planning to sell the FT - again! - part 3

Michael Wolff wrote a particularly insightful piece on why Bloomberg has absolutely no need for a website/publishing arm.

Although the veteran US media commentator doesn't get into whether Pearson should be selling the Financial Times, I'm highlighting Wolf's analysis within the "Bloomberg reveals Pearson planning to the FT - again" series as I think its probably connected to that ongoing story.

Bloomberg reveals Pearson planning to sell the FT - again! - part 2

Bloomberg's "scoop" about FTSE 100-listed Pearson weighing a sale of the Financial Times got short yesterday shift from City analysts, media commentators and investors.

For example, here is a piece from Roy Greenslade, The Guardian's media commentator, on the Bloomberg story:

Semantics

Huge hat tip to Dan Dunkley, the young M&A reporter over at The Sunday Times, for his story back in May about how Aveva was being circled by potential foreign predators. In case you don't recall, The Sunday Times ran the story on the front page (which means something in itself). Here is a link to the copy:

http://www.thesundaytimes.co.uk/sto/business/Tech_and_Media/article1557075.ece

Bloomberg reveals Pearson planning to sell the FT - again!

Bloomberg has just "broken" the news that Pearson is weighing a £1 billion plus sale of the Pink' un. Here is a link to the Bloomberg exclusive:

http://www.bloomberg.com/news/articles/2015-07-20/pearson-said-to-explore-sale-of-financial-times-after-approaches

Back on Tip TV talking about Aveva, Quindell, Receptos, Starwood and Tottenham Hotspur

It's a Monday, so I was back on Tip TV talking about deals, dealmakers and, er, a north London football club.

Here is a link to today's clip:

http://www.tiptv.co.uk/archives/ma-weekly-update-3/

Friday fun

I see Lloyds Banking Group has announced it has set up a "responsible business committee" -

http://www.investegate.co.uk/lloyds-banking-group--lloy-/rns/establishment-of-responsible-business-committee/201507171000153650T/

Squeaky bum time for Pathfinder Minerals

I try to stay away from chat rooms for day traders as they tend be full of conspiracy theories that are impossible to stand up (for journalists) and lose long-term investors money. But as we slip into the quiet period of the summer I thought I would cast my eye over some of the forums - and low and behold it would appear one reader has actually stumbled across a genuine story.

The tale involves Pathfinder Minerals, the Mozambique-based mining company at the centre of a bitter row between a local general and the company's management team.

What a surprise: Receptos bought for over $7 billion

US pharma group Celgene last night agreed to pay more than $7 billion for Receptos, a biopharmaceutical company.

Now I realise Ed Hammond over at Bloomberg "broke" the story about a potential sale of Receptos several months ago - here is the link: http://www.bloomberg.com/news/articles/2015-04-01/receptos-said-to-get-takeover-interest-amid-partnership-talks

RARE alert: Shire's next deal could be "transformational" - part 2

This (see below) well written interview with Shire chief executive Flemming Ornskov by the Wall Street Journal would appear to reinforce the idea that the FTSE 100-listed group is still on the hunt for a major acquisition - whether it be Actelion, BioMarin or another (US?) rival...

http://www.wsj.com/articles/shire-deepens-push-into-biotech-after-abbvie-drops-bid-1436821429?mod=pls_whats_news_us_business_f&utm_source=dlvr.it&utm_medium=twitter

Back on Tip TV talking about Mylan, Starwood Hotels and Shire/Actelion

It's a Monday, so here is the link to today's Tip TV session:

http://www.tiptv.co.uk/archives/ben-harrington/

RARE ALERT: Teva said be planning on submitting formal $43 billion takeover bid this weekend

Readers might be scratching their heads, wondering why Teva still hasn't announced a formal offer for rival pharmaceutical company Mylan despite reports from Bloomberg and the Financial Times this week revealing the Israeli company is was preparing to submit a formal offer of between $86 and $88 a share.

Here are links to the Bloomberg and Financial Times articles:

Village gossip - dealmakers' digest to be sold to, er ... a dealmaking firm

Revealed: Private Equity International is on the verge of being sold to - surprise, surprise - a private equity firm.

Readers might recall that back in March I revealed on little old Betaville that the publisher of Private Equity International, PEI, had hired advisers from Livingstone Partners to work on a sale of the business. Here is a link to that piece: http://betaville123.blogspot.co.uk/2015/03/village-gossip-dealmakers-digest-goes.html

RARE ALERT: Barclays could name CFO as new boss

Most of the London market is likely to be transfixed on the Budget.

However, over here in Betavilleland we like to get on with teasing out corporate stories while the Government overloads the financial reporting community with a ton of news.

RARE ALERT: Inmarsat said to be working on US takeover deal

Regular viewers of my Tip TV slot will know that I have been working on a story involving London-listed Inmarsat, the satellite network operator.

Well, I haven't managed to completely get to the bottom of the story out but I think I am barking up the right tree, so here is the tale.

Commentariat raise doubts over Formula One "vanity buyers" - part 2

Bernie Ecclestone, the boss of Formula One, has been echoing some of the points I raised on Friday afternoon in the sports sections of The Times and The Sunday Times this weekend. I wonder whether the octogenarian billionaire is a Betaville reader?  

Back on Tip TV talking about WellCare Health Plans Inc, BG Group and Inmarsat

I hope US readers had a good holiday weekend. Here is a link to today's Tip TV clip, in which I opine on the the wave of consolidation in the US health insurance market.

http://www.tiptv.co.uk/archives/ma-weekly-update-with-ben-harrington/

Commentariat raise doubts over Formula One "vanity buyers"

I'm sure many Betaville readers will be watching British Grand Prix this weekend. So, do get in contact if you happen to spot a representative from any of the potential bidders, such as Qatar Sports Investments, circling Formula One in the VIP boxes. A cheeky photo of the Qataris at Silverstone wouldn't go amiss, too.

Or, perhaps the Qataris won't turn up after being outed in the Financial Times last week as potential suitor for Formula One by teaming up with American sports and property tycoon Stephen Ross, owner of the Miami Dolphins? The Qataris and Ross were reported to be willing to pay between $7billion and $8 billion for Formula One.

Punters outraged after some spreadbetters mark Quindell positions at 30p a share; fears move could trigger share price crash when suspension is lifted - part 2

Following my last post, Jonathan Hufford, the MD of Spreadex, has been in touch to explain why the spreadbetting firm has had to mark positions in Quindell at 30p.

Hufford, who I have to say seems like a reasonable chap, explained that his clearing bank, Commerzbank, had marked Quindell stock at 0p.

Punters outraged after some spreadbetters mark Quindell positions at 30p a share; fears move could trigger share price crash when suspension is lifted

Stock market punters are up in arms after it emerged some of the spreadbetting firms have begun marking positions in embattled Quindell at just 30p a share.

For readers that don't recall, Aim-listed Quindell has had it shares suspended after the Financial Conduct Authority decided to investigate the company's accounts between 2013 and 2014.

Enders predicts Murdoch may bid for Sky, again...

Apologies for the lack of posts in the last 48 hours - I had to attend a few functions yesterday, including the Henley Royal Regatta. It was a fun event although the return train ride in a carriage whose air conditioning had broken down was not particularly pleasurable.

Anyway, I see that while I took a day off to enjoy a quintessentially British day out in Sahara-like conditions Enders Analysis, founded by Claire Enders, has been talking up the prospects of Rupert Murdoch's 21st Century Fox having another crack at Sky.