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’M&A is not even resting
Who said M&A activity was “resting” – if not dead (for now)? Indeed, even a month ago, deal-making worldwide was looking rather like Monty Python’s proverbial dead parrot.
In fact, as FT Alphaville recently noted,
Three deals doth a revival make?
BusinessWeek hailed the return of “merger Mondays” and the Wall Street Journal argued the flurry of deal announcements and financings during the dying days of August suggested the M&A market - moribund for 12 months - “may finally be bottoming”.
Disney to buy Marvel for $4bn
Walt Disney made the first move in a likely wave of consolidation in Hollywood on Monday with a surprise $4bn bid for Marvel Entertainment. The cash-and-stock deal is worth $50 a share based on Disney’s price on Friday.
Looking for recession-proof stocks? Think comic books and video games
The numbers are in and they are impressive: Take Two Interactive racked up more than $500m in just one week from sales of Grand Theft Auto IV, the fourth installment of its blockbuster video game franchise.