Caesars Entertainment Corp., largest owner of casinos in the U.S., will sell four properties to an affiliate for $2.2 billion, freeing up cash as the company works to restructure $24.5 billion in debt.
The Wall Street bankers behind Comcast Corp.’s $45.2 billion bid for Time Warner Cable Inc., a surprise end-run around veteran media dealmaker John Malone, drew from experience on some of the past decades’ biggest deals, including the RJR-Nabisco buyout made famous in “Barbarians at the Gate.”
Comcast Corp. agreed to acquire Time Warner Cable Inc. for $45.2 billion in stock, a surprise deal that combines the two largest U.S. cable companies and creates a bulwark against competition from phone and satellite providers.
Grupo Bimbo SAB, the world’s largest bread maker, agreed to acquire Maple Leaf Foods Inc.’s Canadian baked-goods business for about C$1.83 billion ($1.66 billion) to further expand outside of its home market in Mexico.
Centerview Partners LLP’s Lisbeth Barron , an investment banker to media companies such as Martha Stewart Living Omnimedia Inc ., is departing after two years to join Berenson & Co., another New York-based advisory boutique.