FOX Business Network’s (FBN) Charlie Gasparino reports “PJT Partners stands to lose as much as $20 million if Comcast’s takeover of Time Warner Cable falls through.”
On whether PJT Partners will lost $20 million if Comcast-Time Warner Cable deal falls through:
“PJT Partners stands to lose as much as $20 million if Comcast’s takeover of Time Warner Cable falls through, but that might be just the beginning of the boutique investment bank’s troubles, the Fox Business Network has learned. Last October, Blackstone agreed to spin off its investment banking arm to PJT, an mergers and acquisitions firm started by former Morgan Stanley chief Paul Taubman, in part because Taubman had been selected as an adviser to Comcast on its $45 billion takeover of Time Warner—a deal bankers like Taubman predicted would easily receive regulatory approval, according to people with direct knowledge of the matter.”
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