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Up-to-the minute deal news and commentary
Yahoo has picked up discussions with Time Warner over a combination involving AOL. News Corp. has also been hovering around Yahoo. The renewed talks come after a lull following Microsoft's withdrawal in May of its $47.5 billion offer to buy Yahoo.
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Investors Rescue B&B Capital-Raising
A group of major investors stepped in to rescue a $793 million capital-raising effort by Bradford & Bingley, after U.S. buyout firm TPG pulled out of a deal to take a stake in the troubled U.K. mortgage lender.
The recent corporate-buyout boom is likely to come back and haunt financial markets and the economy, as firms struggle to refinance billions of dollars in loans made to finance takeovers, the Bank for International Settlements said.
Penn National's proposed buyout fell victim to the credit crunch, as the casino operator and funds managed Fortress Investment and Centerbridge Partners called off the $6 billion deal.
Reliance Industries continued to pressure Reliance Communications' deal talks with MTN, asking for discussions in a possible prelude to going to court.
WPP raised its bid for market-research firm TNS, which plans to merge with Germany's GfK, to $2.15 billion.
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 Jul 3,
4:00 pm The reliably quotable J.P. Morgan Chase CEO Jamie Dimon went to the Aspen Ideas festival this week. The festival, hosted by Atlantic magazine and the Aspen Institute, featured an interview between Charlie Rose and Dimon. Dimon, whose firm caught, flayed and ate Bear Stearns, had several interesting observations during the wide-ranging conversation. Here are some [...] Jul 3,
3:20 pm John McCain today said patriotism is putting country before all else.
On Wall Street, that place of priority is usually reserved for money.
Let's try and make peace and put country and money back together, where they belong. In that spirit, here are four for the Fourth.
1. Patriotism and the financials: Shortly after mocking the futility of [...] Jul 3,
3:04 pm In comedy, timing is everything. So why not in mergers?
We were reminded of that Wednesday as we talked with someone close to Microsoft's zany on-again, off-again courtship of Yahoo. Yahoo dodged every Microsoft approach as if the process was some kind of $40 billion-plus version of the old videogame Frogger–leaping between shareholders, Carl Icahn [...] Jul 3,
2:37 pm Our earlier post on Penn national and the failure rate of leverage buyouts got us to thinking: What are the largest announced LBOs from 2007 that ultimately ended up on the scrap heap?
So our friends at FactSet MergerMetrics put together this list of 15 biggest and now-busted announced LBOs from 2007:
Target
Acquirer
Announced
Withdrawn
Transaction [...]
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DEALS & DEAL MAKERS TOOLS
Deal making slowed to a trickle in the third quarter, yet still finished September just shy of 2006's record total. Check out our interactive graphic breaking down the first nine months of 2007 in M&A.
Fueled by cheap credit and overflowing coffers, private-equity firms powered an unprecedented M&A boom that peaked during the first half of this year. Here's a look at the major private-equity players. (6/11/2007)
The Nasdaq, the London Stock Exchange, Sweden's OMX and the governments of the Persian Gulf states of Dubai and Qatar have been involved in a flurry of wheeling and dealing. Here's a flow chart of what everybody ends up with if and when the day's various deals are done. (09/21/2007)
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 DEALS & DEAL MAKERS VIDEO CENTER
Banks are rehashing old story lines this summer. With big financial backers expected to have total losses somewhere around $1 trillion, that probably means the refrain from investors next July Fourth could well be the same.
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