The European Commission has given antitrust approval for the proposed $55 billion takeover of Electronic Arts by Saudi Arabia's sovereign wealth fund, stating no competition concerns. The deal still requires review for foreign subsidy rules by July 30 and approval from other regulators, including in the US.
easyJet reported a 70% slide in Q2 pre-tax profits to £85m, primarily due to a £105m increase in fuel costs from the Middle East conflict and a trend of later customer bookings. The airline's agreed £5.7bn takeover by Apollo Global Management faces potential EU ownership rule scrutiny.
UK warehouse landlord Segro's board has unanimously agreed to recommend a £14bn takeover offer from US rival Prologis, a U-turn after rejecting previous bids. The decision follows pressure from major investor Norges Bank and comes amid a rush of overseas bids for British companies.
Paramount Skydance's £80bn bid for Warner Brothers received conditional EU approval after commitments to end a film distribution joint venture. However, the deal faces significant challenges in the US, including a court-ordered pause and a preliminary injunction hearing, as well as potential intervention in the UK.
The EU conditionally approved Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, citing film distribution concerns. Paramount must exit its United International Pictures stake in the EEA and avoid joint distribution with Universal for 10 years. The deal still faces US legal challenges.
FTSE 100 warehouse landlord Segro capitulated to a £14bn takeover offer from US giant Prologis, despite CEO David Sleath's fight for independence. The deal, valued at £10.32 a share, is seen as a blow to the London stock market's diversity and a sign of its vulnerability to overseas firms.
Five years after its Saudi-led takeover, Newcastle United navigates a changed financial landscape with Profit and Sustainability Rules (PSR) and Squad-Cost Ratio (SCR), unlike Manchester City's swift post-takeover success. Despite revenue growth and some on-field achievements, the club faces challenges in boosting income, managing player sales, and developing infrastructure to meet its ambitious goals.
UK companies, including Rotork, Gooch & Housego, Ramsdens, and Mitie, are experiencing a surge in takeovers by foreign entities and private equity, driven by depressed valuations. This trend, highlighted by Peel Hunt, also sees UK firms delisting or choosing overseas listings, raising concerns about the British market.
A consortium of Thames Water creditors, London & Valley Water, has offered the UK government a "golden share" in a revised rescue package. This move aims to grant greater public control and prevent nationalisation by Prime Minister Andy Burnham, who is reportedly considering temporary public ownership.
UK government contractor Mitie has agreed to a £3.1bn cash takeover by private-equity owned rival OCS Group, ending its nearly four decades on the London stock market. The deal, recommended by Mitie's board, offers a 46.8% premium to shareholders.
Andy Burnham's new cabinet includes surprise appointments like John Healey as Chancellor and retains key figures such as Shabana Mahmood as Home Secretary, amidst a mix of experienced and rising stars across various portfolios.
Jingye Group demands compensation from the UK government, calling the nationalization of its subsidiary, British Steel, "outright robbery" and threatening legal action. The UK government took control citing national security, strategic steel supplies, and job protection, with an independent valuer now assessing compensation.
Delivery Hero's boards recommend Uber's €13 billion takeover offer, aiming to create the world's largest mobility and delivery platform. The deal, expected to finalize in H2 2027, expands Uber's global reach, conditional on regulatory approvals and Uber securing 50%+1 share.
Hong Kong authorities are increasing autonomous vehicle (AV) tests and road availability. Baidu showcased its sixth-gen AV, preparing for remote-controlled operations. The government has issued seven pilot licenses for 63 AVs, with speed limits raised to 50km/h.
Matt Shea's documentary explores how crypto billionaires seek to bypass traditional democratic systems, influencing politics and law through wealth and new digital nations like Liberland, with figures like Justin Sun and Donald Trump Jr. involved.
French biotech Abivax raised $920 million, securing cash until 2029 for US launch of its bowel disease drug obefazimod. CEO Marc de Garidel stated the funding allows the company to proceed independently, despite recent takeover speculation and investor concerns over trial data.
EasyJet's board has accepted Apollo Global Management's cash offer of £7.15 per share, valuing the airline at £5.7 billion, surpassing Castlelake's previous bid. The airline faces regulatory hurdles within EU law regarding ownership and control.
No-frills airline EasyJet has received a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous offer from Castlelake. Apollo's offer of £7.15 per share is considered superior to Castlelake's £6.90 per share bid.
EasyJet's stock surged Friday following a $7.7 billion takeover bid from Apollo Global Management. The offer includes a cash option of £7.15 per share or a Stub Equity Alternative. This comes after a previous $7.3 billion offer from Castlelake.
No-frills airline EasyJet has received a superior takeover proposal from US firm Apollo Management for £5.7bn, surpassing a previous agreement in principle with rival suitor Castlelake. Apollo's offer of £7.15 per share is higher than Castlelake's £6.90, with regulatory hurdles concerning EU ownership remaining.
EasyJet's stock surged over 13% Friday following a $7.7 billion takeover bid from Apollo Global Management. The cash offer values the budget carrier at £5.7 billion ($7.66 billion), with an alternative option for shareholders to retain voting rights.
No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous offer from Castlelake. Shareholders would receive £7.15 per share under the Apollo proposal.
EasyJet is considering a $7.7 billion takeover bid from Apollo Global Management. The cash offer values the airline at £5.7 billion ($7.66 billion), with shareholders potentially receiving £7.15 per share. An alternative offer allows shareholders to retain voting rights by rolling over their existing shareholding.
No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous bid from Castlelake. Apollo's offer of £7.15 per share is superior to Castlelake's £6.90, leading EasyJet to withdraw its recommendation for the earlier bid.
