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Goldman builds bridge-loan business with Amazon, Discovery deals
Add BT as a preferred sourcePublished Thu, Aug 17, 2017 · 09:50 PM
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New York
GOLDMAN Sachs Group Inc's longtime dominance of the takeover advice business is finally translating into some success for its efforts to finance those deals.
The bank has provided short-term bridge loans to help fund two of this year's biggest deals, including Discovery Communications Inc's buyout of Scripps Networks Interactive Inc and Amazon.com Inc's purchase of Whole Foods Market Inc. It's been an important segment at a time when big deals involving US companies are down by a third from a year ago.
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