By: William Turvill

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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William Hill teams up with SkyBet to help fund £270m NYX acquisition of OpenBet

April 4, 2016

Bookmaker William Hill has teamed up with rival SkyBet to invest in Canadian gaming supplier NYX, which has announced the acquisition of OpenBet for £270m. As part of the agreement, William Hill is investing £80m in the takeover and a further £10m in equity. SkyBet is contributing £20m. Read more: Jefferies downgrade continues William Hill's losing streak [...]
Tilney Bestinvest to acquire fellow wealth management firm Towry from majority shareholder Palamon Capital for £600m

April 4, 2016

Tilney Bestinvest has agreed a deal to acquire fellow UK wealth management firm Towry. The deal, subject to regulatory approval, would see Tilney Bestinvest acquire Towry from its majority shareholder Palamon Capital Partners for £600m. The combined company would have responsibility for more than £20bn of assets for affluent and high net worth clients. Read more: Wealth management M&A has hit [...]
Transport M&A activity on track to steam past 2015 record, with more than £52bn of deals expected to complete

April 4, 2016

Mergers and acquisitions (M&A) activity in the transport sector is set to increase this year, with more than £52bn of deals expected to go through. Completed deals rose for the third consecutive year in 2015 to a total of £48bn. Further transactions worth around £66bn were announced, with the sector hitting record levels. KPMG's latest [...]
The Tesla Model 3 attracts 276,000 pre-orders in three days, reveals Elon Musk

April 3, 2016

Pre-orders of the Tesla Model 3 currently total 276,000, according to the firm's founder and chief executive. Elon Musk unveiled Tesla's “car of the people” on Thursday and has been keeping his Twitter followers up-to-date on its progress. Read more: The Tesla Model 3 has arrived: Here's what you need to know In his latest update, [...]
How companies can avoid M&A failures like the “revolutionary” Time Warner-AOL merger

April 3, 2016

Last year was the biggest ever for mergers and acquisitions (M&A), with AB Inbev’s ‘MegaBrew’ deal with SABMiller and Pfizer Inc’s merger with Allergan PLC among the deals. The announcement last month of the IHS/Markit merger shows us that 2016 has the potential to be another landmark year for M&A announcements. At Landor we have spent [...]
London Stock Exchange’s Xavier Rolet denies Deutsche Boerse merger would see Germans take control – and dismisses potential rival bidder as “slash and burn” company

April 3, 2016

London Stock Exchange Group's chief executive has denied the proposed Deutsche Boerse merger would see the Germans "taking over". Xavier Rolet has also dismissed potential US counter-bidder Intercontinental Exchange as a “slash and burn” organisation. Rolet described the £21bn merger as the “best deal on the table”. Read more: City grandees raise red flags over LSE-Deutsche Boerse [...]
Sir Richard Branson could make nearly £500m from sale of Virgin America

April 3, 2016

Sir Richard Branson could make $700m (£490m) from the sale of Virgin America. Alaska Airlines is understood to have made a bid valuing the company at more than $2bn. The airline was believed to have been in competition with JetBlue Airways for the company. Read more: Virgin America's share price rockets after sale report The Sunday Times [...]
Amazon and Microsoft in talks to park in self-driving car space with cloud computing

April 1, 2016

Amazon and Microsoft are in discussions to provide cloud computing to a digital mapping business owned by a group making self-driving cars. BMW, Audi and Daimler acquired Here Maps from Nokia for €2.8bn (£1.97bn) last year. Read more: Audi, BMW and Daimler deal accelerates driverless car plans Reuters has reported that the technology companies are in talks [...]
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April 1, 2016

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The euro is currently up one per cent on the pound at £0.80

April 1, 2016

The euro is currently up one per cent on the pound. On the pound, the euro stands at £0.80 – higher than it has closed in 2016 after starting the year at around £0.77. Read more: Goldman warns Brexit could slash sterling by 20 per cent Meanwhile, sterling was down nearly 0.7 per cent against the dollar at $1.43 shortly after US jobs data [...]

Former Goldman Sachs and HSBC chief to run America’s Cup

Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: William Turvill

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