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Thursday, July 18, 2013

IB tease: Vevo-Guggenheim

BAD NEWS: According to our own undercover agent I.B. Bad, the Guggenheim-VEVO deal will probably happen soon, but there’s another major telecom player that has raised its hand and appears ready to make a counterbid. Will Todd Boehly’s company seal the deal, thought to be in the $600-700m range, thus adding the valuable platform to its TV and media assets? Has Guggenheim brought in respected barrister Joel Katz to help close this deal with majority stake holders Sony and UMG? Don’t miss I.B.’s latest column, posting first thing Friday morning. (7/18a)

 
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