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Recently Announced Global M&A Deals in Media & Entertainment
| Date Announced | Target Name | Target Nation | Acquiror Name | Acquiror Nation | Value of Transaction ($mil) |
|---|---|---|---|---|---|
| 6/16/2008 | C More Entertainment AB | Sweden | TV4 AB | Sweden | 493.218 |
| 6/16/2008 | Satview Broadband Ltd | United States | Pacific Energy & Mining Co | United States | |
| 6/14/2008 | Hubei Kaixuanmen Grand Hotel | China | Hunan Huatian Great Hotel Co | China | 42.798 |
| 6/13/2008 | Altavista Hotelera | Spain | Investor Group | Spain | 158.413 |
| 6/13/2008 | Info-Media doo | Croatia | Oglasnik doo | Croatia | |
| 6/13/2008 | L Express | France | Transcontinental Inc | Canada | |
| 6/13/2008 | Sieger Solutions Ltd | India | New York Times Co | United States | |
| 6/13/2008 | Tourism Hldgs Ltd-Milford Asts | New Zealand | Skeggs Group Ltd | New Zealand | 12.959 |
| 6/13/2008 | Trgopres | Serbia | Agrokor dd | Croatia | 2.322 |
| 6/13/2008 | eyeReturn Marketing | Canada | Torstar Digital Inc | Canada | |
| 6/12/2008 | Approved Index Ltd | United Kingdom | Reed Business Information Ltd | United Kingdom | |
| 6/12/2008 | Gold Coast Tourism Dvlp Ltd | Hong Kong | Mega Top Capital Resources Ltd | Hong Kong | 10.149 |
| 6/12/2008 | KBZR 102.7 FM | United States | Spirit Catholic Radio | United States | 4.5 |
| 6/12/2008 | Pam TV | United States | Zcom Networks Inc | United States | |
| 6/12/2008 | Torneos y Competencias SA | Argentina | DirecTV Group Inc | United States | |
Announced U.S. Target M&A Advisers in Media/telecom
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 44958.8 | 1 | 16631.3 | 8 |
| Citi | 43047.2 | 2 | 24089.6 | 5 |
| Banc of America Securities LLC | 43012 | 3 | 24460.7 | 4 |
| Evercore Partners | 42264.7 | 4 | 7846 | 13 |
| Deutsche Bank AG | 42129.7 | 5* | 10383.4 | 11 |
| BNP Paribas SA | 42129.7 | 5* | - | - |
| Morgan Stanley | 42129.7 | 5* | 38291.2 | 1 |
| Wachovia Corp | 42129.7 | 5* | 19737.1 | 7 |
| RBS | 2017.7 | 9* | - | - |
| Barclays Capital | 2017.7 | 9* | - | - |
| Industry Total | 52554.4 | - | 84643.6 | - |
Equity/Equity Related Volume
| Date | Equity | Debt |
|---|---|---|
| June 2007 | 2570.8 | 3781.2 |
| July 2007 | 2110.1 | 1456.4 |
| August 2007 | 717.6 | 3073.2 |
| September 2007 | 834.4 | 2766 |
| October 2007 | 1835.6 | 3798.6 |
| November 2007 | 1993.6 | 2754.7 |
| December 2007 | 958.5 | 317.9 |
| January 2008 | 23.3 | 1374.1 |
| February 2008 | 186.4 | 921.8 |
| March 2008 | 2118.5 | 1747.2 |
| April 2008 | 855.5 | 4753.7 |
| May 2008 | 20.7 | 4843.3 |
| June 2008 | 9 | 5190.8 |
Media and Entertainment
Recent US Syndicated Loans
| Financial Close Date | Borrower | Business Description | Loan Package Amt (US$ Mil) | Bookrunner(s) | Loan Description |
|---|---|---|---|---|---|
| 6/09/2008 | Scientific Games International | Mnfr computerized wagering sys | 800 | JP Morgan BankAmerica | RevCred/TLA |
| 6/09/2008 | Scientific Games International | Mnfr computerized wagering sys | 800 | JP Morgan BankAmerica | RevCred/TLA |
| 6/09/2008 | Greektown Holdings LLC | Own,op casinos | 150 | Merrill Lynch | RevCred/Term Ln |
| 6/09/2008 | Greektown Holdings LLC | Own,op casinos | 150 | Merrill Lynch | RevCred/Term Ln |
| 6/06/2008 | RH Donnelley Corp | Publish tele directories | 1612.60 | JP Morgan Deutsche Bank AG | RevCred/Term Ln |
| 6/06/2008 | RH Donnelley Corp | Publish tele directories | 1612.60 | JP Morgan Deutsche Bank AG | RevCred/Term Ln |
| 6/03/2008 | Rainbow National Services LLC | Own,op cable TV systems | 280 | JP Morgan BankAmerica | Rev Cred Fac |
| 5/30/2008 | Houstonian Campus Ltd | Own,op hotels | 85 | Wells Fargo Bank NA | Term Loan |
| 5/29/2008 | Apollo Domestic EmergingMarket | nonresidential builders co | 175 | BankAmerica | Rev Cred Fac |
| 5/29/2008 | Cima Energy Ltd | Pvd marketing svcs | 110 | Fortis | Rev Cred Fac |
| 5/29/2008 | MCC Georgia LLC | pvd cable & tv pay services | 350 | JP Morgan BankAmerica | Term Loan |
| 5/23/2008 | Service Electric Cable TV | Pvd cable,other pay TV svcs | 10 | National City Bank(Cleveland) | Term Loan C |
| 5/21/2008 | InnerWorkings Inc | Pvd print procurement svcs | 75 | JP Morgan | Rev Cred Fac |
| 5/19/2008 | Concord Music Group Inc | Mnfr,whl prerecorded records | 235 | JP Morgan | Rev Cred Fac |
| 5/19/2008 | Concord Music Group Inc | Mnfr,whl prerecorded records | 235 | JP Morgan | Rev Cred Fac |
Announced Global Media M&A Deals
| Industry | 1/1/2008 - 12/31/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals |
|---|---|---|---|---|
| Cable | 46354.9 | 52 | 12267.4 | 86 |
| Hotels and Lodging | 10041.4 | 183 | 37526.5 | 320 |
| Publishing | 5189.2 | 214 | 56827.7 | 369 |
| Advertising & Marketing | 4202 | 284 | 11944.6 | 330 |
| Motion Pictures / Audio Visual | 3997.1 | 102 | 11272.9 | 172 |
| Broadcasting | 3076.6 | 111 | 16817.9 | 137 |
| Casinos & Gaming | 2490.5 | 24 | 20998.5 | 43 |
| Recreation & Leisure | 1880 | 116 | 13297.6 | 178 |
| Other Media & Entertainment | 10.7 | 2 | 57.1 | 7 |
| Industry Total | 77242.4 | 1088 | 181010.3 | 1642 |
Global Media and Entertainment
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| Banc of America Securities LLC | 2300.5 | 1 | 1515 | 8 |
| Deutsche Bank AG | 2044.3 | 2 | 2984.7 | 3 |
| Morgan Stanley | 1957.9 | 3 | 416.6 | 13 |
| Citi | 1840.7 | 4 | 5066.4 | 1 |
| JP Morgan | 1837.7 | 5 | 3499.7 | 2 |
| Wachovia Corp | 1305.2 | 6 | 1495.7 | 9 |
| RBS | 1289.5 | 7* | 2533.3 | 4 |
| BNP Paribas SA | 1289.5 | 7* | 57.7 | 34* |
| Merrill Lynch | 1205.2 | 9 | 2411.8 | 5 |
| Barclays Capital | 1192.7 | 10 | 723.4 | 11 |
| Industry Total | 22044.2 | - | 29969.9 | - |
US Media
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| Banc of America Securities LLC | 2300.5 | 1 | 1515 | 6 |
| Citi | 1833.8 | 2 | 2942.6 | 1 |
| JP Morgan | 1679.4 | 3 | 2921.4 | 2 |
| Deutsche Bank AG | 1495.2 | 4 | 2445.4 | 3 |
| Wachovia Corp | 1305.2 | 5 | 1495.7 | 7 |
| Merrill Lynch | 1158.6 | 6 | 2033.6 | 4 |
| Morgan Stanley | 1148.5 | 7 | 408.8 | 11 |
| RBS | 998.2 | 8* | 1795.7 | 5 |
| BNP Paribas SA | 998.2 | 8* | - | - |
| Barclays Capital | 901.4 | 10 | 168.8 | 13 |
| Industry Total | 15794.3 | - | 18846.4 | - |
Global Media Sector Breakdown
| Industry | 1/1/2008 - 6/16/2008 (US$ Mil) | Deals | 1/1/2007 - 6/16/2007 (US$ Mil) | Deals |
|---|---|---|---|---|
| Cable | 9076.8 | 7 | 7813.9 | 7 |
| Motion Pictures / Audio Visual | 3028.6 | 4 | 1686.8 | 15 |
| Broadcasting | 2739.9 | 9 | 5169.2 | 15 |
| Casinos & Gaming | 2303.4 | 4 | 2336.9 | 7 |
| Publishing | 1557.4 | 6 | 5696 | 13 |
| Advertising & Marketing | 1534.8 | 11 | 3194.9 | 17 |
| Hotels and Lodging | 1019.8 | 10 | 2544.6 | 19 |
| Recreation & Leisure | 783.6 | 9 | 1527.6 | 12 |
| Industry Total | 22044.2 | 60 | 29969.9 | 105 |
Global Volume by Product
| (01/01/08- 06/16/08) | (01/01/07- 06/16/07) | |||
|---|---|---|---|---|
| Security Type | Proceeds ($mil) | Issues | Proceeds ($mil) | Issues |
| Common Stock | 2537.5 | 26 | 8053.9 | 59 |
| Convertibles | 675.9 | 3 | 984.3 | 7 |
| Straight Debt | 18830.9 | 31 | 20931.7 | 39 |
| Straight Preferred | - | - | - | - |
| Taxable Municipals | - | - | - | - |
| ABS/MBS | - | - | - | - |
Recent Global Debt Deals in Media/telecom
| Issue Date | Issuer | Principal Amount ($ mil) | Final Maturity | Coupon (%) | Offer Yield to Maturity (%) | Bookrunner(s) | Moody Rating | Stan- dard & Poor's Rating | Fitch Rating |
|---|---|---|---|---|---|---|---|---|---|
| 5/29/2008 | Cox Communications Inc | 250 | 6/01/1938 | 6.95 | 6.97 | Barclays Capital Deutsche Bank Securities Corp JP Morgan Lehman Brothers | Baa3 | BBB- | BBB |
| 5/29/2008 | Cox Communications Inc | 750 | 6/01/2018 | 6.25 | 6.304 | Citi JP Morgan Wachovia Securities Inc | Baa3 | BBB- | BBB |
| 5/28/2008 | CSC Holdings Inc | 500 | 6/15/2015 | 8.5 | 8.5 | Banc of America Securities LLC Citi Merrill Lynch JP Morgan | B1 | BB | NR |
| 5/28/2008 | Telecom Italia Capital | 1000.00 | 6/04/1938 | 7.721 | 7.721 | Goldman Sachs & Co JP Morgan Lehman Brothers Merrill Lynch | Baa2 | BBB | BBB+ |
| 5/28/2008 | Telecom Italia Capital | 1000.00 | 6/04/2018 | 6.999 | 6.999 | Goldman Sachs & Co JP Morgan Lehman Brothers Merrill Lynch | Baa2 | BBB | BBB+ |
| 5/08/2008 | AT&T Inc | 1000.00 | 5/15/2018 | 5.6 | 5.611 | Banc of America Securities LLC Deutsche Bank Securities Corp Morgan Stanley UBS Investment Bank | A2 | A | A |
| 5/08/2008 | AT&T Inc | 1250.00 | 5/15/1938 | 6.4 | 6.429 | Banc of America Securities LLC Deutsche Bank Securities Corp Morgan Stanley UBS Investment Bank | A2 | A | A |
| 5/08/2008 | AT&T Inc | 750 | 1/15/2013 | 4.95 | 4.645 | Banc of America Securities LLC Deutsche Bank Securities Corp Morgan Stanley UBS Investment Bank | A2 | A | A |
| 5/06/2008 | Grupo Televisa SAB de CV | 500 | 5/15/2018 | 6 | 6.097 | HSBC Securities Inc JP Morgan | Baa1 | BBB+ | BBB+ |
| 5/05/2008 | Newport Television LLC | 200 | 3/15/2017 | 13 | 15.773 | Wachovia Securities Inc Goldman Sachs & Co UBS Investment Bank | Caa1 | CCC+ | NR |
| 5/02/2008 | Comcast Corp | 1000.00 | 5/15/1938 | 6.4 | 6.416 | Citi Deutsche Bank Securities Corp Merrill Lynch UBS Investment Bank | Baa2 | BBB+ | BBB+ |
| 5/02/2008 | Comcast Corp | 1000.00 | 5/15/2018 | 5.7 | 5.703 | Citi Deutsche Bank Securities Corp Merrill Lynch UBS Investment Bank | Baa2 | BBB+ | BBB+ |
| 4/24/2008 | Vimpel-Communications OJSC | 1000.00 | 4/30/2013 | 8.375 | 8.375 | UBS Investment Bank ABN AMRO Citi BNP Paribas SA Calyon Barclays Capital Group HSBC Holdings PLC ING Barings BBL | Ba2 | BB+ | NR |
| 4/07/2008 | NIELSEN FINANCE | 220 | 8/01/2014 | 10 | 10.109 | JP Morgan | Caa1 | B- | NR |
| 4/07/2008 | Videotron Ltd | 455 | 4/15/2018 | 9.125 | 9.37 | Banc of America Securities LLC Citi RBC Capital Markets Scotia Capital (USA) Inc. | Ba2 | BB- | NR |
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