MUNICH (Reuters) -MediaForEurope (MFE) said on Monday it has secured 43.6% of shares in ProSiebenSat.1 through a tender offer, falling short of a majority in the Italian media group’s bid to take over its German peer. MFE, owned by the family of late Italian Prime Minister Silvio Berlusconi, reported the increased stake following the end …
MFE still short of Pro7 majority following tender offer Read More »
(Reuters) -There seems to be very little standing in the way of stock-market bulls right now, but what follows a U.S./Russia summit in Alaska, a central bank shin-dig in Wyoming and the outcome of Bolivia’s election may imbue them with some caution. Here’s your week ahead from Rocky Swift in Tokyo; Suzanne McGee and Rodrigo …
STOCKHOLM (Reuters) -Swedish bearings maker SKF said on Monday it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million. SKF said in a statement the sale of the precision elastomeric device (PED) operation is part a strategy to …
SKF sells non-core aerospace business in the U.S. to Carco PRP Read More »
(Reuters) -Amsterdam-based cryptocurrency service provider Amdax plans to launch a bitcoin treasury company called AMBTS (Amsterdam Bitcoin Treasury Strategy) on the Dutch stock exchange, Amdax said on Monday. WHY IT’S IMPORTANT: Amdax’s plans highlight the growing appeal of bitcoin, which has hit record highs this month. KEY QUOTE: “With now over 10% of bitcoin supply …
Dutch crypto firm Amdax aims to launch Bitcoin treasury company on Euronext Read More »
(Reuters) -A group of investors led by New York-based MCR Hotels is nearing a deal to take members’ club operator Soho House private, the Wall Street Journal reported on Sunday, valuing the group at $1.8 billion. Soho House shareholders will receive $9 per share – a 17.8% premium to the closing price of $7.64 on …
Soho House members’ club nearing a deal to go private, WSJ reports Read More »
(Reuters) -Private equity group Advent International said on Sunday it has agreed to take over Switzerland’s U-Blox Holding in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox’s shares would be carried out by its indirect subsidiary ZI Zenith. The 135 Swiss francs per share …
Private equity group Advent to acquire U-Blox for $1.3 billion Read More »
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Defence stocks and energy markets are likely to be in focus this week, as European leaders rushed to back Ukraine in talks with U.S. President Donald Trump that may pressure Kyiv to accept a peace deal favouring Russia. Investors are watching for signs that the U.S. may …
Global markets face shaky week ahead as US pressure mounts on Ukraine Read More »
NEW YORK (Reuters) -Following are reactions from world leaders to the summit on Friday between U.S. President Donald Trump and Russian President Vladimir Putin, which did not resolve Moscow’s war in Ukraine. HELIMA CROFT, GLOBAL HEAD OF COMMODITY STRATEGY AT RBC CAPITAL MARKETS, NEW YORK: “It seems to be the scenario that we anticipated in …
Investors react to US-Russia summit reaching no agreement Read More »
(Reuters) -Meta is planning its fourth overhaul of artificial intelligence efforts in six months, The Information reported on Friday, citing three people familiar with the matter. The company is expected to divide its new AI unit, Superintelligence Labs, into four groups: a new “TBD Lab,” short for to be determined; a products team including the …
Meta plans fourth restructuring of AI efforts in six months, The Information reports Read More »
(Reuters) -A private equity firm founded by U.S. President Donald Trump’s son-in-law Jared Kushner has signed a deal to buy an 8% stake in British lender OakNorth, a person familiar with the matter told Reuters on Friday. The firm, Affinity Partners, was founded by Kushner in 2021 and has investments from funds in Saudi Arabia, …
Jared Kushner’s firm buys 8% stake in UK lender OakNorth, source says Read More »
