A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at ben@betaville.co.uk. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.

QinetiQ may be a takeover target, reports The Times

Tuesday, 15 November 2022, 8:04 am

Tucked away at the back of The Times stockmarket report is a little snippet suggesting London-listed defence company QinetiQ may be a takeover target.

Dominic Walsh, a veteran business hack on The Times, wrote the report, which suggests the QinetiQ shares moved higher yesterday on speculation of bid interest from "private equity and trade buyers"...

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Betaville Intelligence

UNCOOKED ALERT: Indivior said to ... - Part 3

Monday, 14 November 2022, 8:35 am

Sometimes little old Betaville's alerts are confirmed immediately and somtimes it takes a few weeks for the confirmation to come through.

But with the case of Indivior's interest in buying US-listed Opiant Pharmaceuticals it took a few months!

If you don't remember, Betaville published a series of detailed UNCOOKED Alerts on the deal. Below are the links:..

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Bears maul Pantheon Resources...

Monday, 14 November 2022, 7:53 am

Pantheon Resources, the Aim-listed oil and gas explorer, has become the latest target for some of the stockmarket's most fercious bears.

According to Jamie "Nimmers" Nimmo of The Sunday Times, Muddy Waters has taken a short position in Pantheon Resources.

Muddy Waters is run by Carson Block, one of the most respected and feared short sellers. His previous European targets include NMC Health (the former FTSE-listed health care company)...

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Kering, Estée Lauder and the multibillion dollar menswear fashion deal...

Saturday, 12 November 2022, 9:45 am

Last week hacks at the Wall Street Journal were boasting about a scoop - that Kering (the owner of Gucci) was in "advanced talks" to buy menswear brand Tom Ford for around $3 billion. Below is the link:

https://www.wsj.com/articles/gucci-owner-kering-in-advanced-talks-to-acquire-tom-ford-sources-say-11667498424..

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Betaville Intelligence

UNCOOKED ALERT: Temenos said to ... - Part 7

Wednesday, 9 November 2022, 9:53 am

Temenos's activist investor is banging the drum again, this time calling for the chief executive and chairman to leave and and a formal "strategic review".

According to Bloomberg, Petrus Advisers has written another letter to the Switzerland-based banking software company arguing Max Chuard, the company's chief executive should be fired and Andreas Andreades, the chairman, needs to resign...

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Tags: Temenos

Deals, deals, Deals ... in a bear market - Part 32

Tuesday, 8 November 2022, 8:58 pm

There is quite a bit of deal news percolating the market today but unfortunately the transactions are the more traditional types of deals you find in a bear market.

According to Bloomberg's newest recruit - Sabah Meddings, formerly of The Sunday Times business section - FTSE 100-listed retailer Next is in "pole position" to snap up Made.com, the ailing online furniture retailer that floated on the London market last year...

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Liverpool Football Club on the market, reveals The Athletic

Monday, 7 November 2022, 9:01 pm

Hat tip to hacks at The Athletic for digging out the scoop about Fenway Sports Group putting Liverpool Football Club on the market.

According to The Athletic, Fenway have got Goldman Sachs and Morgan Stanley working on the sale and an on the record comment from Liverpool's owners saying they "open to offers".

Now, there have been plenty of suitots for Liverpool FC in the past, including from the Chinese in various shapes and guises...

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IWG said to have received £1.5 billion takeover approach for The Instant Group from CVC Capital Partners, reveals Sky News

Monday, 7 November 2022, 8:07 pm

Apologies for the tardy post Betavillers; unfortunately I was away from the desk all day travelling from one end of London to the other during an on-off rail strike.

Anyway, it would appear Mark "The Kleinmanator" Kleinman, a former colleague at The Daily Telegraph, of Sky News landed today's top deal scoop...

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Betaville Intelligence

UNCOOKED ALERT: Reach PLC said to ... - Part 2

Friday, 4 November 2022, 10:52 am

Russell "Russ" Hotten, veteran business hack, was kind enough to give little old Betaville a mention on the front page of The Times business section following National World's confirmation of its interest in bidding for Reach, publisher of The Daily Mirror.

Below is the link to the The Times piece and the official confirmation of yesterday's UNCOOKED Alert:..

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Ruddy is Off to Lunch...

Wednesday, 2 November 2022, 11:01 pm

So, Betaville's old chum, Graham Ruddick, has lasted six months with his new newsletter Off to Lunch.

Graham "Ruddy" Ruddick was formerly deputy business editor on The Times and previously worked on the City desk at The Daily Telegraph with little old Betaville.

Now he has his own start up newsletter on Substack, a technology platform that allows writers and hacks to set up their own publications...

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Johnson & Johnson to buy Abiomed Inc for $16.6 billion

Tuesday, 1 November 2022, 11:33 am

Johnson & Johnson is splashing out $16.6 billion for Abiomed Inc, a medical technology company.

The American healtchare giant is making an upfront payment of $380 in cash and is also offering $35.00 per share in cash if certain commercial and clinical milestones are achieved.

That's a premium of over 50pc for Abiomed Inc!

Below is a link the press release:..

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EasyJet may be a takeover target for IAG or Air France-KLM, according to The Times and Michael O'Leary

Monday, 31 October 2022, 6:10 am

Tucked away in the middle of today's The Times business section is a rather intriguing piece by Rob Lea of The Times that suggests FTSE 250-listed buget airline easyJet may soon become a bid target.

The piece starts off with the suggestion that IAG, owner of British Airways and Iberia, is keen on carrying out further consolidation of the European airline sector and that TAP, the Portuguese flag carrier, could be its next target...

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Elon Musk may launch Twitter bid, claim reports - Part 8

Friday, 28 October 2022, 7:17 pm

So, no final curve ball from Elon Musk as his $44 billion takeover of Twitter finally closes.

Some long term investors will breathe a sigh of relief after Twitter shares plunged to as low as $14 over the last few years.

But several hedge funds, such as Evan Tindell's Bireme Capital, will be cracking open the expensive champagne after making a fortune on the deal trade...

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Deals, Deals, Deals ... in a bear market - Part 31

Thursday, 27 October 2022, 12:41 pm

Thoma Bravo just can't stop doing deals - even in a bear market.

According to arch rivals at Bloomberg, the firm has teamed up with Sunstone Partners to buy Usertesting, a US-listed software company, for $7.50 a share or £1.3 billion.

That's some premium from where the shares closed ($3.86) last night!

UPDATE: Below is the link to the deal confirmation:..

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Elon Musk may launch Twitter bid, claim reports - Part 7

Thursday, 27 October 2022, 10:01 am

Is it safe to assume that the $44 Twitter takeover deal will complete this Friday now that Elon Musk has changed his profile on the micro blogging site to "Chief Twit"?

Well, there was also a picture of Elon Musk carrying a sink (whatever that is supposed to imply) into the Twitter headquarters circulating the internet and Twittersphere.

Still, there is always a risk of another Musk curve ball .....

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