Time Warener Merger

Joshua king Introduction to Wall Street Professor Knevel November 4, 2011 go Warner Makes Offer for epic Brother Owner Time Warner structured has made a unbidden bid of about $1.37 trillion to buy Dutch video production company Endemol, resign to lot familiar with the matter. The gold put out could trigger a bidding war for Endemol, which owns the rights to pragmatism TV shows much(prenominal) as Big Brother and peppy shows equal batch or No Deal, in time as it tries to restructure $2 billion in debt left vaporize over from a 2007 buyout controlled by Mediaset SpA of Italy and Goldman Sachs Group Inc. Endemol is cheeseparing to wrapping up a long period of negotiations with its lenders, including Goldman and rarefied Bank of Scotland Group PLC. The restructuring would potential take the form of a debt for equity swap, leaving the lenders with some ownership in the business. ane question facing them is whether they want to cash out via a sale o r maintain some equity exposure. A spokesman for Endemol confirmed receipt of the Time Warner offer. He added that Endemol remains think on the debt negotiations. Our discussion with the lenders continues. Were confident well reach an agreement that go away put us on firm footing.

Lenders holding two-thirds of the companys debt would affect in to approve a sale or a restructuring, according to a person close to the situation. Time Warner get out likely face competition. Aside from Mediaset, which may look for a render to help it take control, other big U.S. media companies could flux as potential bidders, a long with private equity firms, severalize ! people familiar with the situation. The unsolicited offer from Time Warner is a antiquated move for the media corporation, whose chief executive, Jeff Bewkes, has been cautious about acquirements. opus Time Warner has participated in bidding contests in recent historic period for companies like Metro Goldwyn Mayer Incorporated, it didnt bid aggressively enough to win. nevertheless the Endemol offer reflects an...If you want to get a full essay, instal it on our website: OrderCustomPaper.com

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