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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Murdoch swoops: 21st Century Fox agrees Sky takeover deal

December 15, 2016

Rupert Murdoch's 21st Century Fox today agreed a takeover deal for UK broadcaster Sky. Fox, which already owns 39 per cent of Sky, has made a £10.75-per-share offer, worth £11.7bn. The approach values the whole of the UK media giant at £18.5bn. Fox said it would be using a scheme of arrangement, meaning it would need 75 [...]
Brussels regulator sets out hurdles for London Stock Exchange merger

December 14, 2016

The London Stock Exchange and Deutsche Boerse last night confirmed receipt of a statement of objections to their merger from the Brussels regulator. The European Commission is understood to have narrowed its focus on to concerns around derivatives clearing. In anticipation of these concerns, the London Stock Exchange said in September that it was exploring [...]
Rupert Murdoch’s 21st Century Fox set to make firm offer for Sky as early as tomorrow

December 14, 2016

Rupert Murdoch’s 21st Century Fox is set to lodge a firm offer for Sky as early as tomorrow morning, City A.M. understands. Fox is not expected to stray from the £10.75-per-share value that it had previously agreed to informally with Sky. Read more: More pressure on Murdoch's Fox-Sky deal as pensions lobby group wades in [...]
Shortlist narrows for BBC chairmanship

December 14, 2016

The shortlist for the new BBC chairmanship has narrowed to around six, with the government aiming to name the successful candidate early next year. Former Prudential chairman and Bank of England deputy governor Sir David Clementi, who was one of the architects of the new system under which the position has been created, is reported to [...]
New York Stock Exchange agrees deal to takeover fellow US exchange

December 14, 2016

The New York Stock Exchange (NYSE) has agreed a takeover deal for the US’ National Stock Exchange (NSX). Founded in Cincinnati, Ohio, in 1885, the NSX was due to close at the end of this week. Read more: UK competition authority tells NYSE owner ICE to sell London-based Trayport But NYSE owner Intercontinental Exchange (ICE) [...]
Vroom vroom: Private equity house announces second acquisition in two days

December 14, 2016

A private equity group has announced its second acquisition in two days, today taking a majority stake in a British vehicle hire company. Equistone Partners Europe has bought TOM Vehicle Rental, investing alongside management and the company founder-owner. Read more: Majority steak acquired: Is this the meatiest private equity deal of 2016? TOM was founded in 1991 [...]
News industry contributes £5bn to UK economy, but is at risk of being “fatally undermined” by digital giants

December 14, 2016

The news media industry contributes more than £5bn to the UK economy, according to a new report out today. But the sector is at risk of being “fatally undermined” by digital giants that benefit from its content without contributing to the costs. The study by Deloitte, commissioned by the News Media Association (NMA) and published today, [...]
Spreadbetting giant CMC Markets to consider London HQ move over FCA crackdown

December 13, 2016

Spreadbetting giant CMC Markets will consider moving its HQ away from London if the City watchdog pushes ahead with a clampdown on the industry. The Financial Conduct Authority (FCA) last week revealed plans for stricter rules for firms selling “contract for difference” (CFD) products such as spreadbets for retail customers. Read more: Spreadbetters respond to [...]
EastEnders, Holby City and Cold Feet heading to America as BBC and ITV launch new Netflix-style platform

December 13, 2016

BBC and ITV have teamed up to step onto the turf of Netflix, announcing the launch of a new on-demand TV service. BritBox will initially target the United States, taking the likes of EastEnders, Cold Feet and Holby City across the pond. Read more: BBC World Service launches 11 new language services with government funding [...]
More pressure on Fox-Sky deal as pensions lobby group wades in

December 13, 2016

Rupert Murdoch’s proposed Sky takeover came under further scrutiny today as a pensions lobby group stressed the need for an appropriate premium to be paid for the business. Murdoch’s 21st Century Fox is expected to make a firm £10.75-per-share cash bid for the 61 per cent of Sky it does not already own before the end [...]

Pension transfers: Sluggish providers holding up your money

‘Mario Kart’ Formula 1 cars need more time, says Williams

Bar of the week: Flipdog, the Shoreditch spot stoking its cocktails with a hot poker

By: William Turvill

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