Home > Business Databases, News & Feedback > News and deals (Dell and Virgin media)

News and deals (Dell and Virgin media)

There were two stories on the BBC Business News recently that provided a reminder of how deals generate news because they result from companies’ strategic decisions.

TOB Deals example (click to expand)

TOB Deals example (click to expand)

Dell computers to be bought back by founder Michael Dell

This news story covers a company going from Public to Private, and therefore delisting from a stock exchange, the reverse of an IPO (Initial Public Offering).

This illustrates why databases like Thomson One Banker and Bloomberg Professional track deals from when they are rumoured or announced (not just when they become effective). In Dell’s case there has been significant news coverage about the company’s strategic options now that PCs are seen to be in decline.

[Update June 2014 – Thomson ONE.com is (or T1.com) is Thomson Reuters replacement product for Thomson One Banker.]

Liberty Global to buy Virgin Media for $23.3bn

This news story covers an acquisition. The surprise for me was that this is one US company taking over another. Although when I checked on Bloomberg Professional Virgin Media has 100% of its turnover in the UK, it has chosen to be a US company Virgin Media Inc, listed on the NASDAQ exchange.

Using the FAME database of UK companies you can check that Virgin Media Limited (registered no 02591237) is a subsidiary of Virgin Media Inc.

Bloomberg‘s Mergers & Acquistions (MA) function highlights the current largest deals – on 20 Feb 2013 these are HJ Heinz Co, Virgin Media Inc, and Dell Inc. Bloomberg Industries (BI) can be used to investigate industry trends including the expected impact of large deals, e.g. BI CATVE (Cable and Satellite Europe) has the Feb 05 news item “Liberty Fortifying in Europe May Boost Broadband, TV Competition” and a range of related industry data.

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  1. markgreenwood
    20 February 2013 at 12:13 am

    There is an interesting post on the Dell deal on Musings on Markets blog – http://aswathdamodaran.blogspot.co.uk/2013/02/michael-dells-conflicted-buyout.html

    Another recent large deal (Heinz going private) – Heinz bought by Warren Buffett’s Berkshire Hathaway for $28bn – http://www.bbc.co.uk/news/business-21461779

    From Thomson Research “Virgin Media VMED confirmed it was in talks with Liberty Global LBYA to be acquired. We think such a deal would be great for Virgin Media shareholders …”
    Morningstar Inc. (2013) “Virgin Media Inc – 06-Feb-2013” Thomson Research Investment Research Collection Rpt. 21411517 [Online]. Available at: Thomson Research – http://research.thomsonib.com/ (Accessed: 20 February 2013).

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