Midweek M&A Madness
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. Playboy Entprises, which put itself up for sale earlier this year, has seen its lead bidder, Iconix Brand Group, drop out over issues separating the brand from its other assets. AT&T Inc is looking to sell its outsourced services business in Japan, Reuters reported. The business for sale generated about $500 million in annual revenue, and was 15 percent owned by Nippon Telephone & Telegraph, one of Japan's top telecoms carriers. (Reuters) Image Entertainment Inc said it may be forced to file for Chapter 11 bankruptcy protection as it defaulted on payment under convertible note and it was exploring strategic alternatives. (Reuters) India's Reliance Communications is looking to sell its undersea fiber optic network and U.S. network businesses, hoping to raise around $3 billion in cash, three sources with direct knowledge of the matter said. (Reuters)
