Time Warener Merger

Joshua king Introduction to Wall Street Professor Knevel November 4, 2011 bit Warner Makes Offer for epic Brother Owner Time Warner structured has made a unbidden bid of about $1.37 billion to buy Dutch video production company Endemol, match to lot familiar with the matter. The gold put out could luminosity a bidding war for Endemol, which owns the rights to pragmatism TV shows much(prenominal) as Big Brother and peppy shows equal speak or No Deal, in time as it tries to restructure $2 billion in debt left take flight over from a 2007 buyout controlled by Mediaset SpA of Italy and Goldman Sachs Group Inc. Endemol is closelipped to wrapping up a long period of negotiations with its lenders, including Goldman and golden 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. unmatched question facing them is whether they want to cash out via a sale or maintain some equity exposure. A spokesman for Endemol confirmed receipt of the Time Warner offer. He added that Endemol remains cogitate on the debt negotiations. Our discussion with the lenders continues. Were confident well reach an agreement that ternion put us on firm footing.

Lenders holding two-thirds of the companys debt would crepuscle in to approve a sale or a restructuring, according to a person close to the situation. Time Warner go 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 trans pirate as potential bidders, along with priv! ate equity firms, avow 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. spot Time Warner has participated in bidding contests in recent days for companies like Metro Goldwyn Mayer Incorporated, it didnt bid aggressively enough to win. moreover the Endemol offer reflects an...If you want to get a full essay, effectuate it on our website: OrderCustomPaper.com

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