David Faber

David Faber


30 years a biz journalist. Documentaries, books and a few good scoops along the way. Still love the chase, though now faster in water than on land.

170063 followers  •  400 follow  •  Eastern Time (US & Canada)  •   http://thefaberreport.cnbc.com

eBay's StubHub sale for $4.05b in cash to viagogo is at roughly 25x current ebitda. eBay bought StubHub for $310m in 2007.

Our latest reporting on Xerox's attempt to buy HP Inc.

You can add one more billionaire to the Bloomberg bandwagon.

Been a tough run for shares of Qurate (QVC and HSN) but CEO Mike George remains interview from yesterday's Liberty Media investor day.

LVMH has reached a deal to acquire Tiffany for $135 a share in cash. Tiffany board meeting later today to approve- sources.

@Ocasio2018  1500 jobs is great, but it's not 25K or a HQ for one of the largest cos. in the world or a campus in Queens the building and servicing of which would have created 1000s of new jobs for your constituents. And don't forget Manhattan's Hudson Yards received nearly $6b in tax breaks.

Loading
Loading

Comcast to buy Time Warner Cable in all stock deal worth $159 per $TWC share- sources. Deal set for tomorrow morning. Ratio is 2.875 $CMCSA.

You pose this as a victory, but who are its beneficiaries? NY forfeits a chance to become a major tech hub, loses tens of thousands of jobs and tens of billions of dollars in tax revenues that could fund programs you support. How is that a victory?

and SEC reach settlement on fraud charges filed Thursday. Settlement will keep Musk CEO but force him to resign within 45 days as Chairman for 3 years, pay $20m fine and have Tesla appoint 2 new ind. directors and also pay $20m fine- sources.

14 years of brawling with corporate America and all has to show for it is the same return as the S&P. His funds' gross return from 11/04 through end of Q3'18 was 128% or 6.1% annually (as per IEP filing). S&P returned 6.2% annually before dividends for same period.

Trump Admin and $UTX reach agreement on keeping close to 1000 factory jobs in Carrier plant in Indiana- sources.

IBM to pay $190 a share in cash for Red Hat or roughly $34b. Deal to be announced shortly- sources. $RHT, $IBM

Ackman has sold out of Valeant. Sells 27.2m shares at $11. Will step off $VRX board. Sources.

Are you opposed to the incentives Amazon is receiving or simply to it becoming a significant employer in NYC? Why rejoice at the loss of jobs, economic activity and tax revenues that help fund the services that all New Yorkers (including your constituents) rely on?

Loading
Loading