orange


No Picture

Orange-Jazztel deal stirs M&A enthusiasm

MADRID | The Corner | Orange is set to buy Spanish competitor Jazztel in a €3.33bn ($4.3bn) deal. The merger will see Jazztel receive €13 a share, a boost of 22% on the company´s closing share price on Friday. The French giant says it is not seeking further acquisitions in other countries. The truth is we haven´t seen this M&A frenzy since 2006-2008: deals worth $630bn + 63% vs. 2013 and – 29% below $897bn in 2006.