Tag

Leveraged Buyout

All articles tagged with #leveraged buyout

Paramount Hikes Bid in High-Stakes WBD-Netflix Battle
business11 days ago

Paramount Hikes Bid in High-Stakes WBD-Netflix Battle

Paramount has sweetened its offer to acquire Warner Bros. Discovery as negotiations with Netflix-backed WBD move under a tight seven-day window, with the exact increase over the previous $30-per-share bid not disclosed. Netflix retains the right to match any bid, and WBD has signaled Paramount might push above $31 a share in talks aimed at preventing a Netflix-led outcome. Financing guarantees are a concern in what would be the largest leveraged buyout in history. The discussions come ahead of a Warner shareholder meeting and a deadline through tonight, possibly extending to March 3; Paramount declined to comment, with an official statement expected before the market opens.

DocuSign's Stock Soars Amid Reports of Potential Sale
business2 years ago

DocuSign's Stock Soars Amid Reports of Potential Sale

DocuSign, the e-signature company that experienced significant growth during the pandemic, is reportedly considering a sale valued at over $11 billion. Private-equity firms and technology companies are among the potential suitors. DocuSign's stock surged over 11% following the news, but the company has struggled to maintain its earlier growth rates as offices resume in-person activity.

Macy's Faces $5.8 Billion Buyout Bid Amidst Retail Struggles
business2 years ago

Macy's Faces $5.8 Billion Buyout Bid Amidst Retail Struggles

Macy's Inc. has received a $5.8 billion buyout bid from Arkhouse Management and Brigade Capital Management, highlighting the challenges faced by private equity in the retail sector. Many retailers that were taken private in recent years have seen their debt fall to distressed levels, with unsustainable leverage. While investors see Macy's real estate assets as attractive, the high-yield and leveraged loan markets remain cautious about retail leveraged buyouts. Macy's bonds rallied initially but later reversed some gains, indicating investor skepticism about the deal's completion. The retail sector has seen a boom in LBO debt issuance, but several companies, including Michael Cos., At Home Group Inc., and Staples Inc., now have triple-C ratings and trade below 80 cents on the dollar.

Billionaire newspaper mogul Sam Zell dies at 81.
obituary2 years ago

Billionaire newspaper mogul Sam Zell dies at 81.

Sam Zell, the real estate tycoon who acquired The Chicago Tribune, The Los Angeles Times, and other newspapers in a widely criticized leveraged buyout of the parent Tribune Company in 2007, died on Thursday at the age of 81. His venture into the publishing world proved to be a resounding failure, a five-year descent into a maelstrom of rancor, downsizing, management scandals, and bankruptcy.