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The aftermath of the merger fallout is likely to pose more problems for Zee than Sony as Zee may have to face a claim from Sony for the termination fee along with other financial commitments. Our Managing Partner, Pratyush Miglani shares his insights with moneycontrol.com in the news "Zee-Sony legal war over failed deal hinges on $90-mn termination fees." Read more at :- https://lnkd.in/dKC_rA5r #knowledgesharing #knowledgemanagement #mergersandacquisitions #zeesony #legalupdates #opinion #lawfirm

Are Investors at Risk? I believe that SPACs can cause more harm than good to Investors. Take the case of DJT, which went public with an eye-popping valuation of 8 billion despite generating a mere 4 million in revenue. That's a staggering revenue multiple of over 2,000 times! Comparing it to established giants like: Google (22x) Disney (11x), or even Reddit (32x) DJT's valuation multiple of 2000x is downright alarming. Even after today's market correction, it still stands at a staggering 1,300x. SPACs, often touted as a cheaper route to public markets, bypass the traditional IPO journey. Yet, this shortcut deprives capital markets of the rigorous evaluation that accompanies an IPO, leaving investors vulnerable to such glaring discrepancies. Why can you only see one bar in the chart? Because of this discrepancy #SPACs #Investing Jason Calacanis

In case you missed it because of holiday fever and fog, Dan Frankel and I pulled out the prognostication helmets, looking at likely changes coming in 2024 in #TMT, #streaming and #entertainment. Going to be a lot of companies mashing together in bundles, mergers and more. What's your big prediction for 2024 in the industry after a strike-addled, profit-challenged 2023? https://lnkd.in/g83GbxFx

SPAC Feed: Welcome to the Daily Dish. We are your morning briefing for the SPAC market. Every day we’ll provide you a… - https://lnkd.in/ej5q7Wgb #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business

PARA: One week in the mkt is like a LIFETIME! The Paramount situation has come all the way around from a close book bidder (Skydance) daring the Board to open them to another potential buyer getting a chance to dig in. Today, the Board has said they are seriously considering another offer and letting exclusivity pass for Skydance. My opinions on the Board and Shari Redstone have been up and down based on brief press articles and I am sure there is so much that we don't know / understand about the situation. For example, a week ago I thought that Shari wanted stock in the Pro-Forma entity (Skydance/Paramount) which would cause her to favour a lower merger bid that helps her billionaire friends (ie David Ellison), but it sounds like she actually has wanted to cash out all along. Phew!! If I knew that, I would not have been stressed at all about this situation going against minority shareholders because now it seems she is completely aligned. At $14, the stock is still trading at a huge discount to the paper bid from Sony/Apollo (c$20-21 by my math), but clearly the mkt is worried about a deal getting done here. Who knows?? The variety article below says that insiders are worried about antitrust which sounds like hogwash for Sony Entertainment & Paramount - but it is all at play again. Besides we don’t even know what the deal structure is. For all we know, Apollo/Legendary are taking Studio (they bid $12bn for that alone already) and Sony is taking the rest TV/cable/ROW which would mean no antitrust at all. The drama is sure to continue. Hope all of my Hedge Fund buddies are enjoying it. Given we know the minority shareholders are being considered, this is my last post on this situation.

The recent $26bn all-cash offer from Sony will be favourable to shareholders but given the Biden administration's record of aggression on big corporate mergers, I don't expect any takeover bids for Paramount to go swimmingly. After all, we have seen a fair amount of big players in the film industry who have only gained bigger market share in recent years. #media #filmindustry #business https://lnkd.in/gt-9PTu4

Zee's shares tumbled 30% on 23rd Jan, losing $800 mn in value after merger talks with Sony collapsed. Zee has been facing fiscal challenges with its TV business declining, hitting its ad revenue and cash reserves. Zee's price to earning ratio dropped from 18x when the merger was announced two years ago to currently at 12x. #pretransactionduediligence #duediligence #privateequity

NYSE President Lynn Martin on the 2024 IPO pipeline Lynn joins ‘Squawk Box’ to discuss the state of the IPO market, 2024 outlook, and more. 2024 seems like a year for the IPOs to pick back up, and there is a lot of optimism in the market. Please watch Lynn’s interview in the link below. #ipo #capitalmarkets #cnbc #optimism #market #analysis #2024opportunities CNBC

📈💼 Newsmax Media, Inc. is gearing up for an IPO with a $225 million private placement. Stay tuned for more updates on this exciting development! 🌟 Click to read👇🏻👇🏻👇🏻 https://lnkd.in/eNRE7AFE Newsmax #IPO #Media #Finance #Investment #BreakingNews #businessnews #business #news #newtothestreet