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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

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Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today’s Transactions:
Al Jazeera’s Buying Current TV Spawns Rival for CNN, Fox

The deal boosts the Middle Eastern media company’s reach to more than 40 million U.S. homes

Al Jazeera Media Network has acquired U.S. cable channel Current TV, bringing the Middle Eastern company into closer competition with American news channels, including Time Warner Inc.’s (NYSE: TWX) CNN and News Corp.’s (Nasdaq: NWSA) Fox.

The Qatar-based network said on Thursday, Jan. 3, that the deal will result in the creation of Al Jazeera America, a U.S. news channel based in New York. Al Jazeera’s coverage will soon be available in more than 40 million U.S. households, up from 4.7 million prior to the transaction.

Financial terms of the deal are undisclosed, but the deal is reportedly worth $500 million. Current Television was set up seven years ago by former U.S. vice president Al Gore (pictured), who is currently the target’s chairman.

"Current Media was built based on a few key goals: to give voice to those who are not typically heard; to speak truth to power; to provide independent and diverse points of view; and to tell the stories that no one else is telling," Gore said in a joint statement with Current co-founder Joel Hyatt.

Al Jazeera said it is seen in more than 260 million homes across 130 countries, but has had limited access to U.S. markets. The organization plans to open additional bureaus in the U.S. It currently owns news bureaus in New York, Washington, D.C., Los Angeles, Miami and Chicago.

Al Jazeera said its new U.S.-based news channel is slated to begin broadcasting in 2013, and would be separate from Al Jazeera English.

 

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