Presented with little comment, aside to observe the deal's ridiculous 12.6x EBITDA multiple [5], even higher than the record median LBO multiples we noted recently [6].
h/t UBS Art Cashin via Financial Insyghts LLC [8]
Presented with little comment, aside to observe the deal's ridiculous 12.6x EBITDA multiple [5], even higher than the record median LBO multiples we noted recently [6].
h/t UBS Art Cashin via Financial Insyghts LLC [8]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10319
[3] http://www.zerohedge.com/taxonomy_vtn/term/8503
[4] http://www.zerohedge.com/taxonomy_vtn/term/8812
[5] http://online.wsj.com/articles/21st-century-fox-offered-to-buy-time-warner-1405511112?mod=djemalertDEALS
[6] http://www.zerohedge.com/news/2014-07-09/its-beyond-bubble-median-lbo-multiple-soars-mindblowing-116x
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140716_top.jpg
[8] http://www.financial-insyghts.com/services.html