UK’s Discounted Bluechips Are Potential M&A Targets, M&G Says
High profile British companies are potential takeover targets in 2023, with low equity valuations and a weak pound making them attractive to bidders, according to asset manager M&G Plc.
Bloomberg Business
German Football Body Said Ready to Renew Media Rights Deal Talks
Germany’s professional football body is getting ready to restart talks with private equity firms about the sale of a package of media rights, people familiar with the matter said.
Renault, Nissan Agree to Equalize Stakes in Alliance Reboot
Renault SA agreed to lower its stake in Nissan Motor Co. in moves aimed at solving longstanding frictions in their decades-long alliance and better competing in the rapidly transforming auto industry.
Vrbo Is Cracking Down on Super Bowl Parties in Rentals
Vacation rental platform is trying to identify unauthorized events before they happen
Even on $100,000-Plus, More Americans Are Living Paycheck to Paycheck
The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners, a new study shows.
Ghana Surprises With Smaller Rate Hike as IMF Deal Nears
Ghana’s central bank raised its key interest rate by less than forecast as it expects the government to finalize a deal with the International Monetary Fund by the end of the first quarter, which should help stabilize the cedi and temper inflation.
LVMH, L’Oréal Among Suitors for Stake in Aesop
LVMH and L’Oréal SA are among the luxury consumer companies weighing offers for a stake in Aesop that may value the high-end cosmetics brand at $2 billion or more, people familiar with the matter said.
Prysmian CEO Hits €10 Billion Milestone in Last Term at Helm
Valerio Battista, the executive who transformed Prysmian SpA from a unit of tire maker Pirelli into a global leader in cables, has managed to push the Italian company past the €10 billion ($10.9 billion) market value threshold in what could be his final term at the helm.
Brookfield in Talks on Deal for DWS’s Private Equity Secondaries Unit
Brookfield Asset Management Ltd. is in talks to take over the private equity secondaries business of Deutsche Bank AG’s asset management arm, according to a person familiar with the matter.
Finland Puts Positive Spin on Turkey’s NATO Ratification Remarks
Comments by Turkish President Recep Tayyip Erdogan that his country may ratify Finland’s bid to join NATO present a “positive sign,” the Nordic nation’s foreign minister said.
