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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 73.50
Bid: 73.58
Ask: 73.62
Change: -0.68 (-0.92%)
Spread: 0.04 (0.054%)
Open: 73.88
High: 74.42
Low: 73.50
Prev. Close: 74.18
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Goldman Sachs misses out on WhatsApp, 2014's top deals so far

Thu, 20th Feb 2014 20:16

By Nicola Leske

Feb 20 (Reuters) - WhatsApp? Not Goldman Sachs.

The world's top deal adviser for nine of the past 10 years,Goldman Sachs Group Inc has been notably absent on 2014'slargest mergers and acquisitions, including Facebook's $19billion deal to purchase mobile messaging service WhatsApp.

Normally the go-to-banker for big deals, Goldman has missedout on the top five transactions in the young year, according toThomson Reuters data. Facebook Inc relied on boutiqueinvestment firm Allen & Co to help with its offer to buy startupWhatsApp, which in turn chose Morgan Stanley.

The deal, announced on Wednesday, will earn the two banks upto $85 million in estimated fees, according to Freeman & Co LLC,a mergers and acquisitions advisory firm which researches thefinancial services industry.

Typically, Goldman Sachs starts out slowly and still land atthe top of the league tables by the end of the year. One bigtransaction can heavily sway bankers' rankings.

But Goldman has advised on only four of the top 20 dealsannounced this year so far, excluding CharterCommunications' attempt to buy Time Warner Cable.

Bankers also risk missing out on more big deals as companiesopt to use a small number of advisers, partly to reduce thechance of leaks and as chief executives lead the charge innegotiating deals themselves.

Goldman, which declined to comment on the deal data, backedCharter in what would have been the biggest deal of the year,but last week Comcast Corp agreed to buy Time WarnerCable for $45 billion.

If regulators approve the deal, other banks will share up to$143 million in fees the deal is estimated to generate, amongthem Goldman's biggest rivals JPMorgan Chase & Co and MorganStanley, according to Freeman & Co LLC.

Goldman Sachs was also absent from a number of other largedeals this year - Suntory Holding's acquisition of BeamInc for $13.6 billion and Actavis Plc's purchase of Forest Laboratories Inc for $25 billion.

That now puts Goldman Sachs in ninth place in the covetedleague tables for financial advisors, according to ThomsonReuters data.

Goldman Sachs has held the top position for the past tenyears with the exception of 2009, when it landed the number twospot behind Morgan Stanley.

Morgan also beat Goldman in the high-profile assignment toadvise Facebook on its initial public offering, which is notpart of deal league tables. Goldman later worked with TwitterInc on its IPO.

Last year, Goldman's role in Verizon Communication's $130 billion buyout of Vodafone Group's 45 percent stakein their joint venture easily catapulted it to the top rank. Thebank had advised Vodafone.

Facebook's founder and Chief Executive Mark Zuckerbergproposed the tie-up to WhatsApp's founder Jan Koum over dinneron Feb. 9, and the two sealed the deal 10 days later.

When it came to hammering out the details around Time WarnerCable, the two chief executives, Comcast's Brian Roberts andTime Warner Cable's Rob Marcus along with their respective CFOs,negotiated key points of the deal by phone as well as in-personmeetings, without relying much on advisers.

For the largest deal last year, all it took in the end was aworkout session in the gym followed by a breakfast, whenVerizon's CEO Lowell McAdam and Vodafone's Vittorio Colao agreedon a price that concluded in the mega deal.

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27 Jan 2024 08:17

UK strikes Vodafone deal after UAE stake national security fears

(Alliance News) - The UK government has reached an agreement with Vodafone Group PLC to address national security concerns related to a United Arab Emirates-backed telecoms group's stake in the company.

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26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

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26 Jan 2024 16:21

London close: Stocks finish higher as US inflation cools

(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.

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26 Jan 2024 14:54

UK took 'proportionate' steps over Vodafone's Abu Dhabi shareholder -minister

LONDON, Jan 26 (Reuters) - Britain said it had put in place "proportionate measures" to alleviate its national security concerns about the relationship between Vodafone and Abu Dhabi-based telecoms group e&, explaining its decision to approve the strategic partnership.

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26 Jan 2024 13:29

UK dividends calendar - next 7 days

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26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

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26 Jan 2024 11:18

TOP NEWS: UK regulator opens probe into Vodafone merger with Three UK

(Alliance News) - The UK competition watchdog on Friday said it was launching a phase one investigation looking into the merger of Three UK and Vodafone Group PLC's UK business.

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26 Jan 2024 11:17

UK antitrust regulator begins investigation of Vodafone-Hutchison merger

CMA starts phase 1 investigation

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26 Jan 2024 08:29

Competition watchdog probes Vodafone-Three merger

(Sharecast News) - The competition regulator has opened a formal investigation into the proposed £15bn merger between Vodafone Group and Three UK, it was confirmed on Friday.

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25 Jan 2024 14:08

UAE telco's stake in Vodafone poses some security risks, UK says

Vodafone needs to manage the risks posed by e& stake, UK says

*

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25 Jan 2024 11:33

Emirates stake in Vodafone poses national security risk, UK says

LONDON, Jan 25 (Reuters) - Emirates Telecommunications' stake in Vodafone is a national security risk in respect of the British company's government contracts, Britain said, adding that Vodafone should take steps to manage the risk. (Reporting by Paul Sandle and Elizabeth Piper, Editing by Kylie MacLellan)

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22 Jan 2024 09:02

Vodafone hails successful European test of enhanced 5G uplink tech

(Alliance News) - Vodafone Group PLC, Qualcomm Inc and Xiaomi Corp on Monday said a first successful 5G test of its kind in Europe will pave the way for faster upload speeds and wider coverage during 2024.

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18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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17 Jan 2024 15:17

Norway's Telenor hopes for consolidation in Europe, CEO says at Davos

DAVOS, Switzerland, Jan 17 (Reuters) - Norway's Telenor hopes to see consolidation in the European telecoms sector although the company itself does not have concrete plans at the moment, its CEO told the Reuters Global Markets Forum in Davos on Wednesday.

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16 Jan 2024 16:17

London close: Stocks finish lower as wage growth eases

(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.

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