Dealmakers Face Long Slog Back to $3 Trillion: Bloomberg Deals

Hi, it’s Michelle F. Davis, Ryan Gould and Crystal Tse. We’re expanding on our report today on dealmaking slipping blow a key benchmark. We also have news on UBS getting an activist investor and German football picking media rights finalists.

Today’s top stories

• UBS gets$1.3 billion from Swedish fund known to push for change.

• Nippon Steel defends whopping 142% premium for US Steel.

• PE edges closer to deal with football holdout.

• Icahn girds for a second proxy battle at Illumina.

Decade low

Dealmakers are ready for a fresh start after the worst year for transactions in a decade. ...