2 min read · 08 July 2009
2 min read · 08 July 2009
2 min read · 08 July 2009
Symphony Technology Group and Elliott Management have agreed to acquire MSC.Software Corp. (Nasdaq: MSCS), a provider of simulation solutions for designing and testing manufactured products. The deal is valued at approximately $360 million, with MSC stockholders to receive $$7.63 per share (13% premium to today's closing price). Wells Fargo Foothill and CapitalSource have committed to provide senior debt financing.
3 min read · 08 July 2009
NEW YORK (Reuters) - Media group Bertelsmann and private equity firm Kohlberg Kravis Roberts & Co are to form a music rights management joint venture, KKR said on Tuesday. The deal, expected to be announced Wednesday, will create a venture 51 percent owned by KKR and 49 percent owned by Bertelsmann, KKR said. Such a deal could be a more efficient way of managing rights under one roof, and would mark a more aggressive push into the music business for the privately held German media giant, which has largely exited the industry.
2 min read · 08 July 2009
2 min read · 08 July 2009
2 min read · 08 July 2009
1 min read · 07 July 2009
CHICAGO/NEW YORK (Reuters) - Tribune Co has agreed to terms for the sale of the Chicago Cubs to a group led by private equity investor Marc Utay, giving the company two offers to submit to the bankruptcy court, two sources familiar with the sale process said on Tuesday. It is the latest twist in a long-running effort by the bankrupt media company to sell the baseball team famous for its "lovable losers" image. On Monday, a source said the Ricketts family had agreed to terms for the purchase of the team and other assets for slightly less than the $900 million it offered in January. The source called it a "handshake" agreement and not a signed document.
3 min read · 07 July 2009
2 min read · 07 July 2009
