May 2014
Intermediate to advanced
433 pages
10h 2m
English
Content preview from A Pragmatic Look at Valuation (Collection)
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6. Financial Reporting and Tax Considerations for Mergers and Acquisitions
Market View
In October 2005, Telefonica, a Spanish telecom company, offered to acquire O2, the sixth-largest mobile phone company in Europe, for £18 billion. It was speculated that Deutsche Telekom (DT) and its subsidiary, T-Mobile, which had a known interest in O2, would make a counteroffer, triggering a bidding war between the German and Spanish telecom giants. However, DT announced that it would not bid for O2. Some members of the financial community concluded that DT was probably concerned about getting approval from the Competition Commission, the antitrust regulator in the European Union.
In October 2007, the Financial Times revealed that DT had filed a complaint ...