Denso's ¥1.3T Rohm Offer Seen as Undervalued
*DENSO MADE BUYOUT OFFER TO ROHM, DEAL SEEN ABOUT ¥1.3T: NIKKEI Did not fact check attached, but assuming AI overlord is correct on the valuation of Toshiba stake + Prefs, this 1.3T takeover price looks way too low. I'm all for delisting but what's up with all this theft https://t.co/BoRbPR7J8I
Find Burnt‑Out Profitable Owners Ready to Seller‑Finance
There are businesses generating $600K profit right now with owners who: • Haven’t had a holiday in 3 years • Have no succession plan • Would seller-finance the whole deal just to escape You just need to know how to find them and what...
Merger News Drives Entertainment Earnings Conversation
What’s News in Earnings: Merger News Dominates the Entertainment Business -- @benfritz and I discuss quarterly results and challenges ahead. https://t.co/sZopc3Z4Bf
High Broker Fees Signal a Business Acquisition Attempt
If a broker charges rates in line with Realtors, say 5 or 6% then they likely are trying to ‘buy business.’- How to Sell my own Business https://t.co/l2EObkfURN https://t.co/Jq7DIDeNGv
TNT Secures Exclusive U.S. FIBA Rights Amid Merger Uncertainty
This is exactly the type of deal I discuss in today's newsletter ... will a Paramount/WBD merged company do these smaller sports rights deals anymore? The calculus will definitely change for TNT ... https://t.co/DvKzUkqcDr
Hollywood Execs Prioritize Cost Cuts over Creative Talent
After Hollywood turned on David Zaslav for being too much of a bean counter/financier, I’m sure The Town will appreciate David Ellison’s answer to being asked how many layoffs are coming w/ merging w/ WBD: “We absolutely need to rationalize the...
Goldman Banker Hides Employer; Barclays Banker Doesn’t.
The Goldman banker was smart enough not to let them print that he works there. The Barclays banker though... https://t.co/XQUyhDbCNS
Merger Threats Undermine TNT Sports Strategy and Leadership
This week’s CNBC Sport newsletter is out: *Why TNT Sports’ strategy no longer makes sense if WBD & Paramount come together *Jeff Shell’s future up in the air *There will be no David Ellison/David Zaslav “men in blazers” photo on the...
Pasqal‑Bleichroeder Deal Targets $2B Valuation by 2026
Pasqal / Bleichroeder Acquisition II deal overview Quantum computing company $2.0 billion enterprise value Closing H2 2026 PR: https://t.co/Y8kjd8LJdO IR deck: https://t.co/27uxUkWA9t Disclosure: Long $BBCQ shares + warrants in $ARB.to https://t.co/EfgkoWpFiI
Five Unexpected Companies That Could Acquire PayPal
Who Should Acquire PayPal? 5 Potential Acquirers Nobody’s Talking About PayPal is now considered to be a prime acquisition target. Who besides Stripe would be a good acquirer? Here are 5 potential candidates. Try to keep an open mind. https://t.co/rrD4BdDrG8
Activists Target SEER at 60% Cash, 35% Upside
Activists close in on a net-net trading at ~60% of cash - $SEER trades at $1.83/shr vs ~$3/shr in net cash - Founder lost super-voting control in Dec ’25 - Now activists (7.6%) are pushing for a sale - Board is declassified and up...
Skipping Due Diligence: A Straightforward Legal Mistake
Nah. It was cut-and-dried law. He signed the deal and chose not to do the due diligence.
UP‑NS Merger's 2 M Truckload Claim Is Negligible
Union Pacific claims that’s its merger with NS would take 2m truckloads off the road each year. That is approx 6k trucks in total, roughly equivalent to Prime’s fleet. Pretty inconsequential in the big scheme of things.
Netflix CFO Confident Regulatory Approval for Warner Acquisition
"We had high confidence" of getting through regulatory, says Netflix CFO Spencer Neumann on pursuit of Warner's studios and streaming operations.
Tencent Buys 15% of Arrowhead Amid Meme Backlash
Tencent took a 15 percent stake in Arrowhead Game Studios. Some players starting lashing out at a recent Chinese New Year cosmetics bundle with a certain meme that was quickly banned on the Discord.
Reservoir Media Bids Offer $10.50 Cash per Share
M&A….Reservoir Media ( RSVR) .. received “bids” from several firms with $10.50 cash from largest holders
Selling Your Business Can Accelerate Its Growth
Selling your business may be the best way to help it grow. Hear what Smita Bakshi, co-founder of zyBooks, has to say on the matter: https://lnkd.in/efcrW6dN #mergersandacquisitions #startupexits #investmentbanking #saasfounders #software #saas #tech #founders #pathtoexit
Vendor Financing Aligns Seller Interest via Business Collateral
Case Study: Effective Vendor Financing in Business Acquisitions This topic was highlighted by a question from Tomo, a follower intrigued by the mechanics behind vendor take-back notes. Challenge: When purchasing a business with vendor financing, one of the key concerns for both...
Caesars Sale Rumors Spark Share Jump Amid Low Valuation
Famed casino operator back in play? - $CZR reportedly exploring a sale after takeover interest incl. Tilman Fertitta - Shares +20% on the news but still near 5yr lows - Trades ~8x Adj. EBITDA - Some room for improved bid, but ~$30B EV vs...
CP Axtra's RM1.66B Deal Consolidates Malaysia's Grocery Market
The Malaysian grocery landscape just changed forever. 🚨 Thai retail giant CP Axtra (the power behind Lotus’s) is officially acquiring 100% of The Food Purveyor for RM1.66 billion. 💰 By Q4 2026, the group will control 120 stores nationwide, blending the scale...
All3Media Merger Unites “The Traitors,” “MasterChef,” “Peaky Bl
Banijay’s Marco Bassetti and Jeff Zucker on the Surprise All3Media Merger That Puts ‘The Traitors,’ ‘MasterChef’ and ‘Peaky Blinders’ Under the Same Roof https://t.co/zM40xh5TTV via @variety
Software Buyout Lending Shows Near‑zero Default
No wonder direct lending to software buyouts was so popular. Out of 300+ loans that Blue Owl has made since inception, only one has defaulted. That one loan was to finance Vista Equity's $3.5 billion buyout of Pluralsight in 2021. Blue Owl...
Paramount/WBD Deal Likely Survives, Lawsuit Threat Looms
Antitrust experts don't see Paramount/WBD deal getting blocked by DOJ or abroad, but any lengthy probes abroad could buy state AGs time to assemble a lawsuit — Will they have a legit enough antitrust case to win in court? Uphill battle. @axios https://t.co/czZPajmweE
Deal Sets Us Up as DTC Market Leader
David Ellison: “This deal positions us to be one of the leading competitors in the DTC space, to really accelerate our growth and to achieve scale in DTC… It is a primary goal for the business.”
Company Sells OpCo, Returns 90% Proceeds, Exceeds Market Cap
Sale followed by a large capital return - Co selling its entire OpCo while returning 90% of the proceeds to shareholders - Distributions alone exceed the co's current mcap - Plus you get a RemainCo with meaningful net cash and a small growth...
Trump Antitrust Division Unlikely to Block Paramount‑Warner Merger
The Trump Antitrust Division will likely not bring charges to block the Paramount-Warner merger. https://t.co/yh0yoJNUUF
Boring Success Gets 120 Views, Steak Grilling Gets Millions
There's an interview with a guy who quit his job and, with no prior experience, raised a $95 million to acquire 13+ "boring" niche businesses. Less than 120 views. Meanwhile, a gentleman grilling a wasabi-marinated A5 wagyu steak has over 7.5...
Banijay and All3Media Merge Into Multi‑billion‑dollar Powerhouse
Banijay and All3Media Strike Merger Deal to Form Multi-Billion Dollar Production Group https://t.co/S2DGE01t3X via @variety
Thales Space Targets 7% EBIT Margin Amid Merger
.@thalesgroup: @Thales_Alenia_S rev rose 7.6% in 2025, on pace for 7%+ EBIT margin in 2027; merger w/ @AirbusSpace & @LDO_Space on track; @industriAll_EU unions pose conditions for accepting the deal. @esa @defis_eu.https://t.co/GarzC7tTBf https://t.co/8oHhgoms52
New Data‑Driven LOI Template Boosts Lower‑Middle‑Market Deal Success
We just released our 2026 Lower-Middle-Market LOI Template. Built from 500+ deals and $1.6B+ in closed (and busted) transactions. It’s designed to reduce retrades, surface deal killers early, and increase close probability. Download it here: https://smblaw.group/services/mergers-and-acquisitions Scroll to the middle of the page to access...
Pick the Right Sale Type for Your Exit Goals
How much of your business do you want to sell? Should you pursue a minority, majority, or full sale transaction? Founders looking to exit or raise capital have to decide which is the best path to achieve your goals, both...
Arab Sovereign Funding Spurs Soft Power Concerns in $110B Deal
Paramount’s $110 Billion Warner Bros. Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns https://t.co/YAzJc52Fgq
All-Stars Debate Paramount-WBD Future, Sarandos, Zaslav Legacy
🎙️ 🎙️ NEW POD: Puck all-stars @MattBelloni & @WilliamCohan debate David Ellison’s existential Paramount-WBD challenge, Ted Sarandos’ next play, and the legacy of David Zaslav… this is a fun one… Apple: https://t.co/FhmAiCfP7H Spotify: https://t.co/skJZmlCppk @PuckNews
Optimum CEO Urges FCC to Break up Local Media Triopolies
D.C. Memo: @Optimum CEO Pitches @FCC Chairman @BrendanCarrFCC on @NXSTMediaGroup/@TEGNA Merger Conditions. Dennis Mathew urges FCC leader to require 'divestiture of Big-4 triopolies in a local market' $NXST $TGNA | https://t.co/aAaKQ9Pivw
ZD Sells Unit to ACN for $1.2B Cash
$ZD with a $1.5B market cap sold a unit to $ACN for $1.2B cash this morning
Paramount's 25% CW Stake Equals CBS and Warner Combined
Fun fact: Paramount will now own 25% of the CW Network. CBS and Warner each held 12.5% stakes so...25%.
AI Data Centers Fuel Surge in Solar‑Storage M&A
Solar-plus-storage M&A heats up as AI data centers drive demand #energysky -- via pv magazine usa: https://t.co/0SfVszvIE9 https://t.co/gM7W0Ker2W
RedBird Reshapes Streaming Landscape with Major Studio Deals
Friday: RedBird helps Paramount pry Warner Bros. away from Netflix. Monday: RedBird helps Artists Equity ink major streaming deal with Netflix.
Jeff Shell Skips Paramount Brief on WBD Merger
Jeff Shell a No-Show as Paramount Brass Brief Wall St. on WBD Merger https://t.co/HsMvPz26yJ via @sportico @crupicrupicrupi
Murdoch Predicts Paramount-Warner Will Keep Third‑party Sales
Fox Corp. CEO Lachlan Murdoch says he expects Paramount-Warner to continue to sell content to third parties and anticipates that will be a condition of the deal.
HSR Waiting Period Expired; U.S. Deal Can Close Today
David Ellison today: "As we've said, the HSR waiting period has expired. Obviously, domestically, which means that there is no reason if we had cleared globally why we couldn't close in the U.S. today legally."
Paramount's Secret Weapon to Overcome Warner Deal Hurdles
Out @Lmanfredi7 lays out the path for Paramount to clear the Warner deal- the hurdles and the company’s secret weapon.
Massive M&A Spree: Premium Deals Across Sectors
Today's M&A notes - $WBD to be acquired by $PSKY for $31.00, 147.2% premium, $110bn - $AES to be acquired by GIP / EQT / CalPERS / QIA for $15.00, 35.5% premium, $33.4bn - $ASCU.to to be acquired by $HBM.to for 0.242x shares,...
Paramount CEO: No Asset Sales if WBD Merger Proceeds
Paramount CEO David Ellison says no asset sales planned at this time if WBD deal goes through.
Paramount CEO's Forced Excitement Masks Warner Deal Hype
Paramount CEO David Ellison calls deal to acquire Warner, "a unique and thrilling moment." Alas he said it with the enthusiasm of a parking attendant telling you to head to the roof for a space. Pre-recordings never sound exciting.
Paramount to Merge Paramount+ with HBO Max
On investor call, Paramount confirms it plans to put P+ and HBO Max together, making one service from the two.
Charter's Mobile Surge Contrasts Home Internet Decline
.@charter is crushing it in mobile and bleeding in home internet. So Charter just hired the operator who made Frontier acquisition-ready. 🧵📉
Par‑WBD Forecasts $69B Revenue, $18B EBITDA
Combined Par-WBD estimated to have $69 billion in proforma revenue and $18 billion in EBITDA.
Ellison Sees Warner Deal as Next‑gen Media Catalyst
Paramount CEO David Ellison says deal with Warner is opportunity to help shape the future and build the next generation media and entertainment company.
Paramount Investor Call Initiates Warner Merger Discussions
Paramount investor call to discuss merger w Warner is about to begin.... $PARA $WBD https://t.co/fMPs2jSr2O