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.”
This message and its attachments may contain legally privileged or confidential information. It is intended solely for the named addressee. If you are not the addressee indicated in this message (or responsible for delivery of the message to the addressee), you may not copy or deliver this message or its attachments to anyone. Rather, you should permanently delete this message and its attachments and kindly notify the sender by reply e-mail. Any content of this message and its attachments that does not relate to the official business of Fox News or Fox Business must not be taken to have been sent or endorsed by either of them. No representation is made that this email or its attachments are without defect.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More