CNBC: Merrill Lynch In Talks To Sell Bloomberg Stake in MER
By Silicon el 27-Jun-2008
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It looks like Merrill Lynch (MER) really does want to unload its 20% stake in Bloomberg LP. CNBC's Charles Gasparino reports the bank is in "preliminary talks" to sell its shares ... to Bloomberg, which has right of first refusal. Merrill CEO John Thain puts the value of the stake at $5 to $6 billion. Bloomberg? Well, they're thinking more like $3 billion.
Last spring, Goldman Sachs predicted Merrill would need to raise another $5-$10 billion to make up for the $30 billion or so it blew gambling on mortgages.
See Also: Goldman: Merrill May Sell Bloomberg Stake To Raise Cash Merrill Takes Another $9 Billion In Gambling Losses, Firing 4,000 People Not Responsible
It looks like Merrill Lynch (MER) really does want to unload its 20% stake in Bloomberg LP. CNBC's Charles Gasparino reports the bank is in "preliminary talks" to sell its shares ... to Bloo [..] Read complete article
Published 27-Jun-2008 by Silicon in MER Read 1 times. More hits in
Merrill Lynch (MER) has reached a deal to sell its 20% stake in Bloomberg LP for $4.5 to $5 billion, the WSJ reports. The buyer: Bloomberg LP, which had right of first refusal [..] Read complete article
Published 16-Jul-2008 by Silicon in MER Read 2 times. More hits in
Goldman Sachs thinks Merrill Lynch (MER), reeling from its $32 billion mortgage gambling tab, needs to raise another $5-$10 billion to bolster its balance sheet. Ho [..] Read complete article
Published 18-Apr-2008 by Silicon in MER Read 6 times. More hits in
CNBC reports that Merrill Lynch (MER) will fire 10%-15% of non-broker employees in May. According to Merrill's web site, the firm has 64,500 employees and about 17,000 financial advisors.
CNBC says Merrill wants to keep these layof [..] Read complete article
Published 02-Apr-2008 by Silicon in MER Read 4 times. More hits in
Merrill Lynch analyst Jessica Reif Cohen dumped cold water on hopes for a strong "upfront" ad sales session when the talks begin next week. She thinks the overall market for prime time b [..] Read complete article
Published 08-May-2008 by Silicon in NWSCBSDIS Read 3 times. More hits in
With Merrill Lynch sold, Lehman gone and AIG teetering, what's going to happen to the advertising market?
Not much, at least initially. Business and financial magazines and Web sites will feel some pain, but Merr [..] Read complete article
Published 16-Sep-2008 by Silicon in BACAIG Read 2 times. More hits in
Merrill Lynch's mortgage gambling tab keeps growing (MER). $8 billion in Q3, $12 billion in Q4, and now another $9 billion in Q1. That's $29 billion all told (so far), or approximately [..] Read complete article
Published 17-Apr-2008 by Silicon in MER Read 11 times. More hits in
On Wall Street, the world has changed. But in media, some things are staying the same. On a day when Merrill was sold, Lehman went under, and the Dow lost 500 points, CNBC registed its best ratings day i [..] Read complete article
Published 17-Sep-2008 by Silicon in General Read 2 times. More hits in
Filed under: Culture
Bruce Willis is in talks to star in the upcoming Kane and Lynch film adaptation, reports Variety. Willis will play Adam "Kane" Marcus. That's one-half of the rumor from back in November 2007 that sa [..] Read complete article
Published 04-Jun-2008 by Ross Miller in bruce-willisfilmkane-and-lynchkane-and-lynch-film Read 6 times. More hits in
Still don't believe the credit crunch will hit the tech world? Merrill Lynch (MER) is requiring Santa Clara-based Agilent Technologies, a measurement and instruments maker spun out of HP many years ago, to repay a $1.5 billion loan three years [..] Read complete article
Published 25-Mar-2008 by Silicon in MER Read 7 times. More hits in
London's Daily Telegraph reports that Thomson Reuters plans to launch a "business television news channel to rival that of Bloomberg and CNBC." The first part of that may well [..] Read complete article
Published 25-Jul-2008 by Silicon in NWSGEAOL Read 0 times. More hits in
CNBC is reporting that Microsoft is suddenly open to merger talks with Yahoo again, despite Microsoft's having categorically denied this yesterday. Microsoft, however, says that CNBC is wrong [..] Read complete article
Published 13-Jun-2008 by Silicon in General Read 4 times. More hits in
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It looks like Merrill Lynch (MER) really does want to unload its 20% stake in Bloomberg LP. CNBC's Charles Gasparino reports the bank is in "preliminary talks" to sell its shares ... to Bloomberg, which has right of first refusal. Merrill CEO John Thain puts the value of the stake at $5 to $6 billion. Bloomberg? Well, they're thinking more like $3 billion.
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Merrill Lynch (MER) has reached a deal to sell its 20% stake in Bloomberg LP for $4.5 to $5 billion, the WSJ reports. The buyer: Bloomberg LP, which had right of first refusal [..] 
Goldman Sachs thinks Merrill Lynch (MER), reeling from its $32 billion mortgage gambling tab, needs to raise another $5-$10 billion to bolster its balance sheet. Ho [..] 
Merrill Lynch analyst Jessica Reif Cohen dumped cold water on hopes for a strong "upfront" ad sales session when the talks begin next week. She thinks the overall market for prime time b [..] 
Merrill Lynch's mortgage gambling tab keeps growing (MER). $8 billion in Q3, $12 billion in Q4, and now another $9 billion in Q1. That's $29 billion all told (so far), or approximately [..] 
Filed under: Culture
Bruce Willis is in talks to star in the upcoming Kane and Lynch film adaptation, reports Variety. Willis will play Adam "Kane" Marcus. That's one-half of the rumor from back in November 2007 that sa [..] 
London's Daily Telegraph reports that Thomson Reuters plans to launch a "business television news channel to rival that of Bloomberg and CNBC." The first part of that may well [..] 
CNBC is reporting that Microsoft is suddenly open to merger talks with Yahoo again, despite Microsoft's having categorically denied this yesterday. Microsoft, however, says that CNBC is wrong [..] 
