Betting Against Apple Hitting $1 Trillion: DealBook Briefing
- 6 years ago
Betting Against Apple Hitting $1 Trillion: DealBook Briefing
For Apollo: Deutsche Bank, PJ Solomon, Morgan Lewis & Bockius and Paul, Weiss, Rifkind, Wharton & Garrison
For Jack in the Box and Qdoba: Morgan Stanley, Gibson, Dunn & Crutcher
-- Michael J. de la Merced
Deep in the WSJ’s story on the company’s new hope — its QNX software
that could be used to power self-driving cars — is a nugget of potential deal news: two big investors could back a sale of the company.
The digital currency flyaround
• Investors are falling over themselves to buy into the initial coin offering of Block.one, a software start-up
that isn’t going to make much software and whose tokens, it says, have “no purpose.” (WSJ)
• Investors pushed up shares of LongFin, a financial technology company, by 1,000 percent after it announced
plans to buy a specialist in blockchain, the transaction ledger tech that underpins digital currencies.
• Lauren Silva Laughlin writes of the Snyder’s-Lance deal, “Big family shareholders are an obstacle to any outside investor trying to derail the deal, which is a pity
because Campbell is on course to destroy shareholder value.” (Breakingviews)
• Tara Lachapelle writes, “Here come those desperate-looking food deals we told you about.” (Gadfly)
Shares in the social networking company jumped 11 percent yesterday, in one of their biggest one-day leaps in the past year.
For Apollo: Deutsche Bank, PJ Solomon, Morgan Lewis & Bockius and Paul, Weiss, Rifkind, Wharton & Garrison
For Jack in the Box and Qdoba: Morgan Stanley, Gibson, Dunn & Crutcher
-- Michael J. de la Merced
Deep in the WSJ’s story on the company’s new hope — its QNX software
that could be used to power self-driving cars — is a nugget of potential deal news: two big investors could back a sale of the company.
The digital currency flyaround
• Investors are falling over themselves to buy into the initial coin offering of Block.one, a software start-up
that isn’t going to make much software and whose tokens, it says, have “no purpose.” (WSJ)
• Investors pushed up shares of LongFin, a financial technology company, by 1,000 percent after it announced
plans to buy a specialist in blockchain, the transaction ledger tech that underpins digital currencies.
• Lauren Silva Laughlin writes of the Snyder’s-Lance deal, “Big family shareholders are an obstacle to any outside investor trying to derail the deal, which is a pity
because Campbell is on course to destroy shareholder value.” (Breakingviews)
• Tara Lachapelle writes, “Here come those desperate-looking food deals we told you about.” (Gadfly)
Shares in the social networking company jumped 11 percent yesterday, in one of their biggest one-day leaps in the past year.