A broadband behemoth is born: Century Link to buy Level 3 Communications for $24 Billion
By Narottam Medhora and Supantha Mukherjee – Telecom company CenturyLink Inc said on Monday it would buy Level 3 Communications Inc in a cash-and-stock deal with an equity value of about $24 billion to expand its fiber optic network and high-speed data services. Level 3 shares were up about 5.5 percent at $57 in premarket trading while CenturyLink’s shares […]
Morningstar buys Seattle Startup PitchBook Data
By Rachel Lerman Seattle startup PitchBook Data has been bought by investment-research firm Morningstar (NASDAQ: MORN) for about $180 million. Morningstar, a public company, announced the news Friday morning. The deal values 9-year-old PitchBook at $225 million, including the investments Morningstar has already made in the company. PitchBook was founded in Seattle in 2007 by financial analyst John Gabbert and started […]
Creative Insurance Solutions for Mergers and Acquisitions
By Cliff Rudolph The year 2015 set a record for mergers and acquisitions (M&A) activity with more than $2.1 trillion in deals reported in the United States. Melissa Crowe of the Puget Sound Business Journal reported that Washington’s 50 largest deals of 2015 accounted for more than $17 billion. While the first quarter of 2016 […]
