SPOTLIGHT: Rumor Mill: Banks to bid €5B for Thomson

The latest M&A rumors involve a group of investment banks putting together a consortium to bid more than €5 billion for Thomson. The Business Online reported that the investment banks have been driving the approach after Thomson CEO Frank Dangeard said earlier this month he was open to any offers that reinforced the company's position in the video and set-top box market. Silver Lake, a U.S. venture capital firm, has already invested $500 million in Thomson through a private series of convertible bonds. Dangeard has been refocusing the business and has sold off unprofitable low-margin divisions, setting his sights on becoming a one-stop shop for services and hardware to the media industry. Article

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