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Deal of the Week

Updated 4 days ago

Rank #174 in Investing category

Business
Investing
News
Business News
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Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

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Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

iTunes Ratings

61 Ratings
Average Ratings
45
11
1
2
2

Very interesting analysis.

By Fseth7 - Oct 01 2017
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Very interesting analysis. I find insights from almost every episode.

Great, thorough and understandable

By girlwithbluewings - Jun 30 2017
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Couldn't recommend more.

iTunes Ratings

61 Ratings
Average Ratings
45
11
1
2
2

Very interesting analysis.

By Fseth7 - Oct 01 2017
Read more
Very interesting analysis. I find insights from almost every episode.

Great, thorough and understandable

By girlwithbluewings - Jun 30 2017
Read more
Couldn't recommend more.

Listen to:

Cover image of Deal of the Week

Deal of the Week

Updated 4 days ago

Read more

Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

21: End of the Road for Bill Ackman and Canadian Pacific

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Canadian Pacific Railway's chief said this week ``the deck was stacked against'' his pursuit of Norfolk Southern. Shouldn't that have been obvious months ago? Bloomberg Gadfly columnist Brooke Sutherland and Deal of the Week host Alex Sherman examine the failed railroad merger. Plus, TSG Consumer Partners' Hadley Mullin discusses her career highlights, including a ``scary'' deal involving Yard House restaurants, and why she's perplexed by the lack of women in private equity.

Apr 12 2016

25mins

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26: Why Warren Buffett's Bet on Yahoo Deal Probably Makes Sense

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Warren Buffett's decision to back a bid for Yahoo might seem to violate some of the billionaire investor's cardinal rules: Don't invest in tech, and don't touch companies whose businesses you don't understand. As Bloomberg reporter Noah Buhayar tells Deal of the Week host Alex Sherman, though, Buffett no doubt extracted a low-risk deal to help finance the bid for Quicken Loans founder Dan Gilbert. Plus, Bloomberg Gadfly columnist Brooke Sutherland offers her thoughts on Gannett's improved hostile offer for Tribune, following up on last week's episode.

May 17 2016

23mins

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Secrets of a Rainmaker

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Paul Taubman, the legendary rainmaker and founder of PJT Partners, talks to Bloomberg's Ed Hammond about the challenges of building an investment bank, what will drive the next wave of M&A, and what it takes to advise companies on their biggest transactions. 

Aug 30 2017

28mins

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37: Is Uber Failing with Its $35 Billion Didi Merger?

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After losing $2 billion in China, Uber threw in the towel this week, agreeing to merge with rival Didi Chuxing. Uber China will still own almost 20 percent of the new $35 billion company, which may mean Uber shareholders will still get rich off Didi's success. But for now, Uber joins Ebay, Yahoo and Google among other Silicon Valley giants that have failed to flourish in China. Bloomberg technology reporter Eric Newcomer, who broke the details on the terms of the deal, discusses Uber's future and China's obstacles with host Alex Sherman.

Aug 02 2016

18mins

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What Buying Power Says About M&A

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Longtime Silicon Valley lawyer Rick Climan and his team have worked on some of tech's biggest-ever deals, including Facebook's acquisition of WhatsApp and Intel's takeover of Altera. His experience working with tech's largest clients led him to champion a study showing that buying power -- the relative difference in size between buyer and seller -- should be used more carefully as a tool when negotiating sale prices in deals. He talks about the results, his long career, and his recent decision to leave Weil Gotshal for Hogan Lovells. 

Aug 02 2017

28mins

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57: 2016 M&A Year in Review

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AT&T's acquisition of Time Warner led the way as the biggest deal of 2016. The implications of the deals that did -- and didn't -- get announced this year set up 2017 as a year of uncertainty for mergers and acquisitions. That's usually a bad sign for deal volume, as chief executive officers like certainty when deciding to spend billions. Still, equity markets are booming, and there's a lot of optimism for a very big 2017 among M&A bankers and lawyers. Bloomberg M&A Executive Editor Jeff McCracken, M&A Managing Editor Aaron Kirchfeld and host Alex Sherman run down the biggest and most influential deals of 2016 and what the domino effects could be in 2017.

Dec 20 2016

29mins

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My Three Decades in M&A

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Burger King. Pfizer. Name a major M&A deal in the past three decades and chances are Eileen Nugent played a part. Join us as the co-head of M&A at Skadden Arps explains what it was like to be a woman in the male-dominated world of the 1980s and how gender inequality is finally starting to change. Guest host Jeffrey McCracken also chats with Bloomberg M&A reporter Ed Hammond on China's growing multi-billion-dollar interest in hotel chains across the U.S.

Mar 16 2016

25mins

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For U.S. IPOs, It's the Year of the Flop

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For U.S. IPOs, 2017 has been the year of the flop. Blue Apron has tanked since it started trading last month. Shares of Snap fetch less than $15, the lowest since its debut in March. And the Bloomberg U.S. IPO index has risen just 1.5 percent this year, underperforming the S&P 500's 10 percent gain. What's going on? Bloomberg IPO reporter Alex Barinka joins host Alex Sherman to explain the lackluster performance of Blue Apron and Snap, and how MuleSoft and Canada Goose have avoided the same fate. 

Jul 19 2017

27mins

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Amazon vs. Walmart

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This week featured a clash of the retail titans in M&A land. Amazon has reportedly looked at buying both Whole Foods and BJ's Wholesale Club. Meanwhile, Walmart is nearing a deal to buy men's fashion retailer Bonobos for about $300 million. Does Amazon want to be Walmart, and vice versa? Bloomberg consumer team leader Nick Turner and Gadfly columnist Shelly Banjo explain both companies might be thinking to host Alex Sherman.

Apr 19 2017

18mins

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Is Uber a Steal or a Mess?

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Uber’s a steal. Uber’s in turmoil. SoftBank wants to buy a huge stake in Uber. Benchmark, Uber's largest shareholder, wants to sell to SoftBank. Wait, Benchmark doesn't want to sell to SoftBank. There are so many questions about Uber, its valuation, and its future. Bloomberg technology reporter Eric Newcomer has been breaking news on Uber for months. He joins host Alex Sherman to explain the contradictions around Uber and the complicated deal SoftBank is attempting to pull off. 

Oct 11 2017

27mins

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51: Forget The Election, M&A is Rigged, NYU Professor Says

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M&A is a rigged game and the losers are shareholders of companies that do the acquiring, according to Aswath Damodaran, a professor of corporate finance and valuation at New York University. He tells host Alex Sherman that conflicts of interest among advisers, misaligned executive incentives and a refusal to involve the market in decision-making has led to a history of value-destroying deals. Still, October was the biggest month ever in terms of deal volume. Why do companies keep making big purchases when some evidence suggests it's bad for shareholders? Damodaran explains on this week's episode.

Nov 08 2016

22mins

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39: Formula One Sale Begets Questions About Sport's Future

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This much is for sure: If CVC Capital Partners decides to sell its 35 percent stake in Formula One, it's going to make billions. What's a lot less certain is who's going to buy it, how the new owner will change F1 and how much longer 85-year-old Bernie Ecclestone will continue to run the sport. Bloomberg private equity reporter Kiel Porter and sports business reporter Eben Novy-Williams sit down with host Alex Sherman to explain why F1's business boomed and how Ecclestone is, let's say, a bit of a character.

Aug 16 2016

20mins

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The Dangers of Corporation Consolidation

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Nine months of Donald Trump’s presidency hasn’t revealed much on his administration’s antitrust attitudes. While AT&T’s deal for Time Warner appears on pace to close this year, a Sprint and T-Mobile tie-up would serve as a true barometer for how Trump’s antitrust decision makers view competition. The administration’s take on that deal, if it’s announced later this month, could pave the way for future megadeals or chill other attempts. John Oliver railed against corporate consolidation on a recent episode of HBO’s Last Week Tonight. Kevin Carty, a reporter-researcher with The Open Markets Institute, echoes Oliver’s concerns to host Alex Sherman and specifically explains why Sprint and T-Mobile shouldn’t be allowed to merge.  

Oct 04 2017

27mins

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32: Why Pharmaceutical Companies Face an Existential M&A Crisis

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Sanofi and Boehringer Ingelheim agreed to a $25 billion dollar trade of big business units this week, the conclusion of a deal that first surfaced in December. Asset swaps, while complicated, could be an increasingly popular maneuver among pharmaceutical companies, Bloomberg M&A reporter Ed Hammond tells host and colleague Alex Sherman. That's partially because the biggest takeovers in the industry can't seem to get done. Hammond explains why they've failed and what pharma deals might actually get done in the second half of 2016.

Jun 29 2016

18mins

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48: Snapchat's Lessons from Twitter and Facebook

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Snapchat (OK, Snap Inc.) has hired banks to run its initial public offering. Morgan Stanley is running the show, a return to potential glory after fumbling Facebook's IPO. Meanwhile, Twitter, whose IPO with Goldman Sachs garnered praise, is publicly stumbling in its quest to find a buyer. Bloomberg IPO reporter Alex Barinka tells host Alex Sherman why Snap is looking to both social media companies for lessons -- not just on how to go public but how to operate as a public company.

Oct 18 2016

21mins

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19: From Banker to Teacher to ... Something in Between

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Scott Rostan used to be a mergers & acquisitions banker for Merrill Lynch. Then he was a high school teacher. He eventually found a happy medium training bankers and business school students how to do their jobs. He founded Training The Street in 1999, signing up bulge-bracket banks and universities as clients and developing a 35-person global team to teach techniques on valuation, accounting and financial analysis. He explains some of his methods and shares his own experiences in boardrooms, including a tense bidding war between Norfolk Southern Corp. and CSX Corp. for Conrail Inc., and how that battle parallels today's hostile railroad consolidation talks. Plus, Bloomberg M&A reporter Ed Hammond stops by to update host Alex Sherman (back from paternity leave) on Virgin America's talks to be acquired by JetBlue Airways and Alaska Air.

Mar 30 2016

26mins

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Episode 10: Are Private Equity Deals in Trouble?

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Carlyle Group's revision of its deal for Symantec Corp.'s Veritas last week made waves throughout the leveraged buyout industry. Bankers, lawyers and private equity partners are wondering whether other transactions, such as Vista Equity Partners' $6.5 billion acquisition of Solera Holdings Inc., may be rewritten with a lower price. Ropes & Gray partner Steven Rutkovsky explains why the market for deals with a lot of debt has suddenly become somewhat weak. In addition, Bloomberg reporters David Welch and Jennifer Surane take apart Johnson Controls's proposed takeover of Tyco International -- the latest deal that allows a company to shed its U.S. corporate citizenship in search of lower taxes overseas.

Jan 27 2016

26mins

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41: Hershey Still Standing as Mondelez Deal Melts Away

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Hershey's has once again managed to fend off the takeover efforts of a rival. On Monday, Mondelez, the snack company, said it had abandoned its pursuit of Hershey's, becoming the fourth company to have tried - and failed - to buy the chocolate-maker. Here, Ed Hammond and Craig Giammona discuss what makes Hershey's such a tough takeover target and look at the broader trends in food M&A.

Aug 30 2016

14mins

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Going Beyond The M&A Headlines

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Company A buys Company B. That's the headline. The reality is more complex. Employee benefits must be transferred, 401(K)s rolled over to new plans, pensions are extended. In many cases, employees are terminated. All of these issues -- standard to any takeover -- can doom a deal. That's why Sean Feller, a partner at Gibson, Dunn & Crutcher, gets hired. He's a member of the firm's executive compensation and employee benefits practice group. Feller tells host Alex Sherman about how executive compensation can act as a motivating factor to sell, although not usually a defining one, and explains the many employee-related concerns that must be dealt with when companies merge.

Apr 11 2017

23mins

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23: The Brazil-Born, Texas-Bred Banker Who Loved Basketball

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Was there something in the water? Brazilian-born Osmar Abib graduated from the same Houston high school with three other men -- Ralph Eades, Hugh "Skip" McGee, and Greg Pipkin -- who, like him, became prominent investment bankers specializing in energy. They even played on the same basketball team! Three decades later, the Credit Suisse banker joins the show to talk about opportunities in the industry, and how he made the transition from oilfield engineer. Abib also contrasts Credit Suisse to Perella Weinberg and Tudor Pickering, two firms that have begun merger talks to strengthen their position in the M&A advisory world.

Apr 26 2016

23mins

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Introducing "What Goes Up," A New Show From Bloomberg

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On this new show from Bloomberg, hosts Mike Regan and Sarah Ponczek speak with expert guests each week about the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments. 

Apr 19 2019

2mins

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Introducing "Works For Me," A New Podcast From Bloomberg

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On this new show from Bloomberg, hosts Francesca Levy and Rebecca Greenfield navigate the productivity industry by way of their own experiences. In each episode, one of the two becomes a human guinea pig as she tries to solve a specific work-related problem. Using the advice of so-called productivity experts, the duo tackles obstacles like ineffective to-do lists, overflowing inboxes and unruly meetings. Follow along with their attempts, insights and missteps, and maybe find a solution that will work for you. 

Jan 10 2019

3mins

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Over and Out

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In the final episode of Deal of the Week, Ed Hammond is joined by Bloomberg Gadfly columnist Brooke Sutherland and Ian King to talk about the fallout from the US government’s unexpected decision to review Broadcom’s attempted takeover of rival semiconductor maker Qualcomm on national security grounds. The trio discuss the contrasting cultures of the two tech giants and ask the question of which company is more likely to keep the US at the forefront of the 5G revolution. Finally, they try to predict how Qualcomm’s shareholders are likely to vote if the Committee of Foreign Investment in the United States ever gives them the chance.

Mar 08 2018

30mins

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Get Rich or Dry Trying?

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Ed Hammond and New York bureau chief Jason Kelly are joined by private equity reporter Melissa Mittelman to discuss the challenges facing the buyout industry as it looks to put $1.7 trillion of dry powder to work in a deal market characterized by record high valuations and M&A-hungry corporations. The three look at big existential questions, such as: can private equity funds continue as financial engineers or must they morph into savvy operations, are we nearing an era of ill-disciplined buying, and when will Warren Buffett stop complaining and start acquiring? Finally, Jason and Ed focus on Qualcomm's social media efforts to fend off Broadcom's $117 billion takeover offer.

Feb 28 2018

26mins

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Coming Soon: Decrypted Season 2

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Decrypted returns on March 6th with a brand new season. Here's a sneak peek of what's in store. We'll be releasing new episodes every Tuesday starting next week. 

Feb 27 2018

2mins

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The Name of the Game

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Ed Hammond is joined by Jason Kelly, Bloomberg’s New York bureau chief, and hedge fund reporter Hema Parmar to talk about the importance of nomenclature on Wall Street. The three focus on the news that hedge funds have taken to calling themselves anything but hedge funds to try and secure investment, and look at why certain names are better at attracting new capital than others. 

Feb 21 2018

18mins

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Gray is the new Blackstone

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Ed Hammond is joined by Jason Kelly, Bloomberg's New York bureau chief, and private equity reporter Melissa Mittelman, to talk about the changes underfoot at Blackstone. The three look at what the world's largest asset manger's plan to appoint Jon Gray to company president says about the future direction of Blackstone, and what it means for the private equity in general. They also tackle the question of whether private equity, with its hundreds of billions of dollars under management, can really still be considered an industry characterized by entrepreneurial zeal. Have the Barbarians at the Gate become just regular corporate citizens?

Feb 14 2018

19mins

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Semi-Hostilities

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Ed Hammond is joined by Bloomberg Gadfly columnist Brooke Sutherland and bureau chief Jason Kelly for a deep dive into the latest news on Broadcom's $120 billion effort to acquire rival semi-conductor-maker Qualcomm. After Broadcom increased its offer this week, the three examine what defenses Qualcomm has left and how its shareholders might react if the company's board decides not to sell. They also analyze the likely response from regulators around the globe and how a deal of this size would create a ripple effect throughout the technology industry. 

Feb 07 2018

18mins

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Dimon's Not Forever

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Jason Kelly, Bloomberg's New York bureau chief, joins Ed Hammond to discuss the news that JPMorgan Chase CEO Jamie Dimon, one of Wall Street's best known and most outspoken personalities, has started to outline plans for his departure. As well as looking at what JPM could look like in a post-Dimon era, the two discuss the broader issues around the declining number of big-name characters on Wall Street - and what such a shift tell us about the current mood among investors. 

Jan 31 2018

17mins

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Rainmakers on Fire

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Jason Kelly, Bloomberg's New York bureau chief, joins Ed Hammond to talk about the booming M&A market, which passed $150 billion in the first three weeks of the year for the first time since 2000. But despite the strong start, it's not all rosy for some of the world's largest private equity funds as they hunt for takeovers amid soaring equity valuations and fierce competition. The two also look at the latest big activist investor attack on the retailer Lowe's and dig into the news that superstar hedge-funder manager Bill Ackman is laying off staff after another tough year at his Pershing Square Capital Management and will spend less time with investors.

Jan 24 2018

27mins

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Can GE Be Sold For Parts?

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Brooke Sutherland joins Ed Hammond to discuss the ongoing saga at General Electric, and what a breakup for the industrial conglomerate could mean for deal makers and competitors. The two also look at how much a broken up GE might be worth vs its value today, and explore how a long history of empire building has left it ill-prepared to compete with its more nimble rivals in an era when industrial companies are increasingly focused on technology. 

Jan 17 2018

17mins

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Power Plays

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Ed Hammond is joined by Matt Monks to discuss the latest merger trends in America's power and utility industry and a closer look at how local politics can dictate the terms of multi-billion dollar deals

Jan 10 2018

14mins

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The 2018 Predictions Episode

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We're about to be singing Auld Lang Syne to 2017. To welcome in the new year, deals reporter Alex Barinka is joined by deals editor Lizzie Fournier and deals reporter Matt Monks to discuss their outlook. Will 2018 see the return of the megamerger? Who's going to have to seek out takeovers to keep up with industry wide competitive changes? And what about those IPOs? All this and more in the final episode of this year.

Dec 20 2017

20mins

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2017's Trump Slump

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The deals world was unable to escape the cloud of uncertainty that's followed the election of U.S. President Donald Trump. The value of announced M&A transactions in the U.S. fell by almost a third this year -- the lowest since 2013. Deals reporter Alex Barinka talks to her colleague Matt Monks and U.S. deals editor Lizzie Fournier about 2017’s Trump slump and the other major factors that characterized this year in deals.

Dec 13 2017

18mins

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Insuring Against Amazon

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Ed Hammond is joined by senior Bloomberg healthcare reporter Robert Langreth to discuss CVS' $68 billion takeover of health insurer Aetna. How will the US regulators respond to this latest vertical merger and how much of CVS' push into the complex insurance market is driven by the threat of Amazon entering the pharmacy market?

Dec 06 2017

13mins

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Time For A Change

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Ed Hammond is joined by Bloomberg Intelligence's Paul Sweeney to discuss Meredith's $2.8 billion acquisition of Time Inc and the impact the media merger will have on Time's storied roster of titles. The two also explore the role of the Koch brothers in financing the deal and the prospects for media M&A more generally. 

Nov 29 2017

14mins

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Fox on the Block

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Ed Hammond is joined by Bloomberg’s Anousha Sakoui and Tara Lachapelle to talk about the future of Fox amid reports that the media company is discussing selling major assets. What would a break up mean for the Murdoch empire and how will the shock decision by the Department of Justice to block AT&T’s $85 billion merger with Time Warner Inc affect the prospects for a Fox deal? 

Nov 22 2017

17mins

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What AT&T's Washington Battle Means for Dealmaking

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Ed Hammond talks to Bloomberg's Sara Forden and Tara Lachapelle to get the inside track of AT&T's increasingly bitter fight with the Department of Justice, the chances of the telecom giant's $85.4 billion acquisition of Time Warner being blocked, and what the signals from the newly managed regulator suggest for future of M&A.

Nov 15 2017

19mins

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A Note From Alex

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A quick note to our listeners.

Nov 03 2017

1min

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Citizens Executes Not Your Typical Deal

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It’s Deal of the Week’s 100th episode! And to celebrate, Don McCree, vice chairman of Citizens Financial Group, the $19 billion market cap financial services company, is in studio along with Ralph Della Ratta, CEO of Western Reserve. Citizens acquired Western Reserve, a middle market M&A advisory firm, earlier this year to boost its presence in giving advice on deals. McCree and Della Ratta tell their deal story from both sides – the courter and the courtee – to give listeners a first-hand look at how an acquisition takes place, from start to finish.  

Nov 01 2017

24mins

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