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.

Betaville Intelligence

UNCOOKED ALERT: Audioboom Group said to ... - Part 9

Wednesday, 31 August 2022, 6:36 pm

And in another bizarre twist this evening Bonnier's Aquaverse PTE vehicle has just announced it has cut its shareholding in Aim-listed podcaster Audioboom Group even further.

According to the latest regulatory filing, Bonnier's Aquaverse has cut its shareholding in Audioboom from 11.57pc to 4.32pc. Below is the link to the announcement:..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Audioboom Group said to ... - Part 8

Wednesday, 31 August 2022, 6:14 pm

There has been a curious twist in the Audioboom story this afternoon.

Robert Bonnier's wife, Nashida Bonnier, has just increased her shareholding in Audioboom to 5.42pc. Below is the link to the announcement, which was made after the market closed today:

https://www.investegate.co.uk/audioboom-group-plc--boom-/rns/holding-s--in-company/202208311730048287X/ ..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Micro Focus International said to ... - Part 3

Tuesday, 30 August 2022, 10:31 pm

There was a question (and answer) missing from this weekend's recent coverage of Open Text's aquisition of Micro Focus, the London-listed IT company.

If Open Text, the Canadian software company, is willing to pay a 100pc premium for Micro Focus International surely US private equity firm Thoma Bravo should be willing to pay the same for cybersecurity outfit Darktrace?..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Micro Focus International said to ... - Part 2

Friday, 26 August 2022, 7:48 am

Sometimes little old Betaville's UNCOOKED, RARE and WELL-DONE alerts are confirmed immediately; and sometimes it takes a few weeks for the dealmakers to announce the transaction.

Take, for example, Micro Focus International. Back in February this year little old Betaville published an UNCOOKED Alert suggesting the company had attracted takeover interest. Below is the link:..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Farfetch said to ... - Part 2

Wednesday, 24 August 2022, 5:09 pm

Farfetch, the US-listed luxury fashion plaftorm, finally announced a deal although it wasn't quite in the form little old Betaville had originally heard.

Effectively, Compagnie Societe Richemont - the Switzerland-listed luxury goods company - is intially folding online fashion retailer Yoox Net-a-Porter into Farfetch and getting an 11pc stake in the online group. Richemont is also writing down EURO 2.7 billion as part of the transaction...

Read more...

Equity issues... - Part 2

Monday, 22 August 2022, 9:09 pm

There was some more talk of equity fundraisings among the airlines today.

Word is brokers at HSBC were speculating about the possilbity of International Consolidated Airlines Group (IAG) and Wizz Air asking equity investors for fresh capital in the coming weeks or months.

Apparently, the smooth talkers on the broking side of the bank said:..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Darktrace said to ... - Part 4

Sunday, 21 August 2022, 5:21 pm

The Sunday Telegraph had an interesting line on the Darktrace takeover tale (first revealed by little old Betaville).

Hacks at Betaville's former employers managed to get some quotes from Mike Lynch's spokperson, who appears to be linking the US's move to prosecute the technology entrepreneur for fraud to an American private equity bid for Darktrace. Below is a link to the piece that has the full quotes:..

Read more...

Cineworld hires advisors for bankruptcy, reveals the Wall Street Journal

Friday, 19 August 2022, 2:24 pm

The Wall Street Journal has revealed Cineworld, the London-listed cinema giant, is on the verge of filing for bankruptcy.

According to the WSJ, Cineworld - which also owns the Regal cinema chain - has engaged advisors from law firm Kirkland and Ellis and a restructuring specialists Alix Partners to work on the bankruptcy. Below is a link to the WSJ scoop:..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Ted Baker said to ... - Part 2

Monday, 15 August 2022, 7:59 pm

Mark "The Kleinmanator" Kleinman of Sky News has revealed this evening that Ted Baker's board is set to recommend a cut price £200 million offer for the retail brand from the American owner of Reebok.

US-listed Authentic Brands, according to Kleiny's piece, is going to pay 110p a share for Ted Baker and the deal could be announced tomorrow. Below is the link to Kleiny's scoop:..

Read more...

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].