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.


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?