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New Microsoft-GE Deal Revealed

Welcome to the Build the Wall issue of M&A Daily


A new healthcare deal offers a look at the direction of the buyer and seller. In this case, Microsoft (NASDAQ:MSFT) is moving away from healthcare while General Electric (NYSE:GE) is moving towards it. Microsoft is selling its half of its Caradigm JV to GE in a continuation of GE's process of transforming away from being a financial company.

Meanwhile GE intends to further focus on healthcare. Under GE, Caradigm will continue to help healthcare professionals to access and manage patient data.

Neal Singh is the new CEO of the rapidly growing unit. Caradigm - a combination of the words "care" and "paradigm" is one of those silly names that high-priced consultants charge big companies to invent.


Citigroup (NYSE:C) is looking at selling its Argentine unit to Banco Macro. The branches are mostly concentrated around Buenos Aires. Citigroup is selling other South American assets including both credit card and retail banking operations in Argentina, Brazil, and Columbia.

Your Community Bankshares

WesBanco (NASDAQ:WSBC) is buying Your Community Bankshares (NASDAQ:YCB) in a $220 million cash and stock deal. YCB holders get 0.964 shares of WSBC, $7.70 in cash, and a less stupid name.


The FCC cleared the Altice (OTCPK:ATCEY) acquisition of Cablevision (NYSE:CVC). The $1.06 net spread offers a 19% IRR if the deal closes midyear. This position is up 8% since last discussed in M&A Daily, but it remains attractive today. Incidentally, in an era of heightened concerns over cross-border deals, no one but no one appears to be the least bit concerned with this foreign acquirer or the Dutch menace sweeping our fair land. In fact a Google (GOOG/GOOGL) news search of "Dutch menace" results in only two items, both of which...