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Abu Dhabi-backed fund takeover of Telegraph triggers UK probe into sale
Dubai, UAE--The UK government has ordered a formal probe into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund. The investment fund, RedBird IMI, disclosed earlier this month that it was set to take control of The Daily and Sunday Telegraph sister newspapers and The...
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Lavoie buys e-bike firm VanMoof
The cost of the acquisition has not been specified. -
Advertising executive Linda Yaccarino is new CEO of Twitter
Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to reverse the tide at the struggling platform he bought for US$44 billion last year. Yaccarino is a highly respected advertising executive who stepped down from NBCUniversal "effectively immediately" on Friday. -
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. Credit Suisse's chiefs fronted up at the bank's annual general meeting, 16 days after its... -
Toshiba accepts $15bn buyout bid
The acceptance follows years of turmoil for the company. -
AstraZeneca 2022 profit $3.3bn
The firm's revenues rose to US$44.4 billion in 2022. -
Alwaleed blinks as Musk buys Twitter
Prince Alwaleed is one of the wealthiest businessmen in the Middle East, but Elon Musk is the richest person in the world. -
Twitter shares rise on reports it will accept Musk takeover bid
The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put the Tesla boss in charge of the influential social media site. -
Twitter weighs ‘poison pill’ to hold off Elon Musk
The so-called "poison pill" Twitter has proposed to use against Elon Musk's potential hostile takeover is a mechanism with a proven track record that could force the outspoken entrepreneur into negotiations. -
Twitter and analysts are wary of takeover bid by Elon Musk
Earlier this month, Elon Musk made an unsolicited bid of $43 million for Twitter, citing better freedom of speech as a motivation. -
Twitter board considers Elon Musk takeover bid
Twitter's board said it would carefully review what it termed Elon Musk's ‘unsolicited, non-binding’ offer and decide on a course of action that was ‘in the best interest of the company and all Twitter stockholders,’ after the Tesla founder made an offer of $54.2 per share of the social-media platform. -
Newcastle appoint Eddie Howe as new manager
Howe was confirmed as Newcastle's new manager on Monday, a month after a Saudi-led takeover at St James's Park. -
Saudi Arabia and UAE join calls against Sudan coup
Saudi Arabia and the UAE have joined the United States and Britain Wednesday in urging the leaders of last week's military coup in Sudan to restore the civilian government. The united front with the two Arab powers comes amid hopes that the military can be persuaded to accept a climbdown. -
Tunisian president takeover sparks fears for freedoms
Several politicians, businessmen and judges, as well as members of parliament have said they were banned from travelling abroad or put under house arrest without prior warning. Sacking of the government on Jul 25 sparked uncertainties for Tunisia, where the Arab Spring began a decade ago. -
Bahrain allows use of airport for Afghan evacuees
Bahrain has announced that it is “allowing flights to make use of Bahrain’s transit facilities” amid the evacuations of Afghanistan.