Welcome to The Deal Pipeline's Deal of the Day. Shot on the trading floor of the New York Stock Exchange, we bring you an in-depth look at the terms, advisers and vital information on a specific transaction from The Deal Pipeline's database.
For Wednesday, June 13, we look at a few deals, starting with U.K. supermarket group J Sainsbury plc's nominal £1 deal for HMV Group plc's shareholding in e-books retailer Anobii Ltd. In this deal, HMV looked to tech investment bank GP Bullhound LLP for advice. Other deal highlights include GlaxoSmithKline plc's up to £196 million ($304.35 million) deal for the rights to an eczema drug developed by Swiss Basilea Pharmaceutica Ltd., as well as Ubiquiti Networks Inc. founder Robert Pera's reported $350 million deal for the Memphis Grizzlies NBA team from turnaround investor Michael Heisley.
Below are links to key content from The Deal Pipeline regarding aspects of these transactions. - Sarah Hashim-Waris
The Deal Pipeline article: Sainsbury to buy HMV's stake in e-books retailer
The Deal Pipeline article: Glaxo buys rights to eczema drug
The Deal Pipeline article: Pera aquires the Memphis Grizzlies