Stay updated with breaking news from Views Flash. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Australian casino operator can keep its local licence despite investigators labelling its breaches “illegal”. It smacks of too big to fail. Penalising investors, selling assets and burying the name, as JPMorgan’s boss suggested for bad banks, would be a better outcome.
Telstra is buying Digicel’s South Pacific arm in a deal designed to keep the business out of Chinese hands. Taxpayers Down Under will cover most of the $1.6 bln price tag. That helps protect shareholders, but it’s also a disconcerting mix of politics and private capital.
Rome balked at the UniCredit CEO’s request to inject 6 bln euros into state-owned Monte dei Paschi, ending M&A talks. The banker could still use a quarry to propel UniCredit shares. He can consider smaller Banco BPM, revisit MPS or look abroad. The best Plan B won’t be cheap.
CVC and Blackstone are eyeing a 7 bln euro deal for the telecom tycoon’s Iberian unit, Bloomberg reported. They could net a tidy return since it has already done the heavy lifting on fibre investment. A sale would give the Sotheby’s owner cash to fund a tilt at France’s Eutelsat.
The U.S. chip champion has dialed down ambitions to spend $20 billion this year to regain its manufacturing leadership, though stopped the bleeding at one of its core businesses. There is a long way to go, and Intel needs to regain credibility on delivering its promises.