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Also in today’s newsletter, Sam Bankman-Fried sentencing and the broken market for medicines
Dealmaking drought left behind as first-quarter transaction values rise 30% with European market standing out
Plus, a potential paper bidding war reignites M&A optimism and Sweden’s Fortnox attracts short seller scrutiny
Liberty Media in exclusive talks to buy the Madrid-based company behind the motorcycle racing series
The British boxmaker’s shareholders should be wary of a suitor willing to overpay to stay in the game
London-listed company given four-week exclusivity period by Italian oil major to make bid
Plus, the heat rises on Sullivan Cromwell’s FTX fees and Adam Neumann begins to put together a WeWork bid
Boutique chain wants to expand and take advantage of post-pandemic travel boom
US-based group bids for UK company after £6.2bn deal already reached with packaging rival Mondi
TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubble
Fierce competition has hammered the market’s economics
Europe’s largest media group open to ‘joining forces’ after previous expansion attempts were scuppered by regulators
Plus, private equity’s bet on insurance faces scrutiny in Europe and Nelson Peltz dishes on Disney at lunch with the FT
Co-working group’s co-founder says he has ‘half a dozen’ partners to finance a potential bid of about $600mn
Danish group seeks to branch out from diabetes and weight loss drugs with Cardior acquisition
State’s stake in British high street bank bailed out in financial crisis has now fallen below 30%
Early movers profited from unloved assets, but higher interest rates and more competition mean windfalls will become harder to achieve
Cinven-owned company down to a single bidding consortium as private equity faces pressure to exit investments
Building society has hurdles to overcome to make £2.9bn acquisition pay off
Company behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week
US award is latest problem for consumer group after disastrous baby formula acquisition
Watchdogs accused of feeble enforcement in the past are ready for action
Competition and Markets Authority gives companies days to resolve concerns that merger will reduce choice
Plus, Altice’s fight with creditors and the incredible turnaround of Carvana
Litigation with a former partner hangs over Friday’s vote to take Truth Social network public
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