Looks like an announcement very soon on tie up with London Stock Exchange. Any one got any news on this, other than what is on main news sites (including Reuters ) ?
Sit tight, it's all going to kick off again.
10 replies (most recent on top)
This is going to be fun to watch. While Refinitiv management (a term that is used loosely) focuses only on their jobs and the merger over the next 12-18 months the business will continue to collapse around them.
I would guess David Thomson is not a happy man watching BS sell Refinitiv for 27 billion (or 30 billion if FX not included in sale and 3 billion from DB to arrive)....him having said sale of F&R was too cheap
Does the 27 billion they are paying for Refinitiv include the FX business or has that already been sold to DB for 3.5 billion ?
If it don’t then BS paid 17 billion and sold FX for 3.5 billion plus the sale of remainder to LSE for 27 billion.
Not a bad return on 9 months investment
Blackstone purchased Refinitiv for $17B and are selling it for $27B, not too shabby of a 1-year profit, no matter the year of expenses or the 45% share that is TR's. I feel bad for the everyday folks. I hope you worked on your skills this past year when you knew that a financial consortium would result in a sale, if not a piece-by-piece asset sale. I snicker that Ref leadership will have some new yoga poses to learn. LSE is shoring itself up for relevancy after Brexit now that the new Prime Minister has been named.
the organization is irreparable; break it up into monetizable pieces; preferably sooner than later; and move on; is/was the plan...
Hey, remember that Refinitiv Rap? "...It’s like a Fintech and a Spaceship got together and mated...
TR in our hearts as we progress anew...Put that orange in the background and replace it with blue..."
Oh oh! Even better! Remember that loyalty pledge???
Hilarious!
Haha you guys are funny, hoping to het sold so the pain stops. Do you really think lse is that stupid? Do you not realize that blackheart needs to strip repukative down because it isnt worth what they paid?
Its amazing how many people have zero economic knowledge
The pain wont stop- you are still way too big and bloated. By 40%
Blackheart didn't take long to realise they'd bought a turkey stuffed with crippling debt, no growth and managed by visionless lightweights proven incapable of capitalising on the booming market for data. The backslapping lifers whose most successful product was always the annual price rise.
Slackbone will consider themselves fortunate if they manage to pass this flightless bird on and get out net even. LSE get the filleted carcass of Refinitiv to throw at Deutsche Borse, in a fight you'd pay not to watch.
As for the executive lounge team, surely this is their last call.
Could be good news. LSE is bona fide company. Not asset str—er.
Best advice: heads down, focus on customer.
Well now that explains the sudden unexpected 26 July weekend change freeze. Guess we won't be doing the needful til next weekend.