When the pandemic hit America’s shores, it crippled car-rental giant Hertz. Thanks to a massive debt caused by the collapse of the travel and commerce industries, the company filed for bankruptcy in May 2020. But as the FT’s Sujeet Indap reports, Hertz staged an incredible comeback, following the unexpected appearance of Robinhood app users, and a private equity bidding war.
Today about half of America’s newspapers are controlled by investment groups. But as the FT’s James Fontanella-Khan explains, one name stands above the rest: Alden Global Capital. Critics say it’s destroying local newspapers, but Alden says it’s saving th
Activist investors have had a quiet year, thanks to Covid-19. Even a group of investors renowned for their aggressive tactics were reluctant to publicly attack companies reeling from the impact of a global pandemic.
Due Diligence’s James Fontanella-Khan, US corporate finance and deals editor, explains why established companies from brick and mortar retailers to broadcasters are taking risky bets on big acquisitions.
With healthcare providers turning to digital to meet consumer demands, an increasing convergence of healthcare and tech companies could restore M&A activity for 2019. But is this emerging healthtech sector immune to global uncertainty?
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FT Big Deal is a video channel analysing the fast-moving world of M&A, illuminating the trends behind the complex global transactions and how to unlock value from acquisition deals. The channel alternates between independent reporting from FT journalists and expert commentary from law firm Baker McKenzie.