Ex-Wiggles CEO launches lawsuit against children's group
Ex-CEO Luke O'Neill takes The Wiggles to Australia's Federal Court in a stunning legal battle over contractual disputes and financial claims, shaking the children's entertainment world.
Category : Acquisitions
Coca-Cola in Talks to Sell Costa Coffee Chain
The Coca-Cola Company is reportedly in advanced discussions to divest its Costa Coffee chain, just six years after its landmark £3.9bn acquisition. The potential sale signals a significant strategic shift for the beverage giant.
Royal Mail Misses Targets as Kretinsky Takeover Nears
Royal Mail faces a delivery crisis, missing crucial performance targets for the second year. As Czech billionaire Daniel Kretinsky's EP Group finalises its acquisition, concerns mount over the future of the UK's postal service and potential regulatory act
Sanjeev Gupta's GFG Steel Empire Collapses
The dramatic collapse of Sanjeev Gupta's GFG Alliance, from its Yorkshire roots to its global ambitions, is a cautionary tale of debt, hubris, and the high-stakes world of industrial finance.
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NY Firm Buys 28 Wyoming Newspapers, Sparks News Desert Fears
A New York-based media conglomerate, NMC, has acquired nearly all of Wyoming's local newspapers, raising profound concerns about the future of independent journalism, community voice, and the potential rise of 'news deserts' in the American West.
OnlyFans parent company secretly registered at UK Companies House
The parent company of adult content platform OnlyFans, Fenix International, has been discreetly registered at UK Companies House with a hidden ownership structure, raising questions about corporate transparency.
Musk Must Face $500m Twitter Severance Lawsuit, Judge Rules
A US federal judge rules that Elon Musk must confront a lawsuit alleging he refused to pay at least $500 million in severance to thousands of Twitter employees he dismissed after his $44 billion acquisition. The case advances as the court finds credible c
Trump's Billionaire Cabinet: Musk, Oil Titans for White House
Exclusive: Leaked documents reveal Donald Trump's secret shortlist for a potential 2024 administration, featuring Elon Musk and oil tycoon Harold Hamm in top roles, signalling a dramatic pro-business shift.
Rare Elizabeth I coin found by detectorist sells for £20,400
A metal detectorist's dream find, a 'mind-blowing' silver sixpence from the first year of Elizabeth I's reign, has been sold at auction for a five-figure fortune, highlighting the immense value of Britain's buried history.
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Court Rejects Meta's Bid to Dismiss FTC Antitrust Case
A US federal judge delivers a significant setback to Meta, allowing the FTC's landmark antitrust lawsuit to proceed. The case challenges the tech giant's alleged monopolisation of the virtual reality market.
Nexstar's $7.6bn Tegna Takeover Collapses
The blockbuster $7.6 billion acquisition of Tegna by Nexstar Media Group has been abruptly terminated following intense scrutiny from US regulators and political figures, marking a major setback for media consolidation.
Tycoon Emil Barr to the rich: "Stop moaning about tax"
Multimillionaire Emil Barr launches a blistering attack on Britain's wealthy elite, urging them to stop complaining about taxes and instead focus on philanthropy and job creation. The outspoken entrepreneur defends his own success while calling for a new
IWG Boss Dismisses Share Price Fall as 'Machine Selling'
IWG CEO Mark Dixon remains defiant as the flexible office giant's shares hit a five-year low, dismissing the plunge as automated trading and reaffirming confidence in the company's long-term strategy and booming profits.
Intel-SoftBank deal under US government scrutiny
Intel and Japan's SoftBank have announced a groundbreaking partnership, raising eyebrows in Washington as the US government monitors the deal closely.
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Intel's $5.4B Tower Semiconductor Deal Collapses
Intel's planned acquisition of Tower Semiconductor for $5.4 billion has fallen through due to regulatory challenges, dealing a blow to CEO Pat Gelsinger's expansion strategy.
Kutcher joins Apollo in Soho House bid
Hollywood star Ashton Kutcher teams up with Apollo Global Management to acquire the luxury private members' club Soho House, expanding its global presence.
Tech mogul's widow spotted on superyacht amid legal battle
Angela Bacares, widow of tech mogul Mike Lynch, enjoys luxury yacht life as her husband faces extradition to the US over fraud allegations.
Pandora names new president for Canada and Latin America
Pandora has named a new president to oversee its operations in Canada and Latin America, aiming to expand its market presence and boost sales in these regions.
Premier Foods sells Hovis stake in strategic move
Premier Foods, the company behind Kingsmill bread, has agreed to sell its 49% stake in Hovis to private equity firm Endless LLP, marking a strategic shift in its bakery business.
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US warns over Chinese Thames Water takeover
Senior US politicians warn that Labour's potential sale of Thames Water to a Chinese state-linked company could pose a serious national security threat to the UK.
Atlassian billionaire spotted on commercial flight
Tech mogul Mike Cannon-Brookes, co-founder of Atlassian, surprises passengers by flying commercial. Is this a new trend among billionaires?
Treasury official fails to divest assets, ethics probe looms
A senior US Treasury official, Scott Bessent, has failed to divest from certain financial assets, sparking ethical and legal scrutiny over potential conflicts of interest.
Thames Water sold to Chinese investors amid debt crisis
Thames Water, Britain's largest water supplier, has been sold to a consortium linked to the Chinese government, while the UK steps in to manage its staggering £16.8bn debt crisis.
$100M Powerball Winner’s Shocking Act Revealed
A mysterious individual has claimed the staggering $100 million Powerball prize after an extraordinary act on the track. Discover the unbelievable story behind this life-changing win.
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Entain's BetMGM JV Boosts Earnings Beyond Forecasts
Entain's partnership with BetMGM in the US has driven better-than-expected financial results, boosting investor confidence.
Billionaire accused of hiding millions in divorce battle
A Virginia billionaire is embroiled in a scandal after allegedly hiding assets from his ex-wife, including a secret $1.3 million payment to a nanny. The explosive court case reveals a web of deceit in a high-stakes divorce.
Tech CEO earns £94M - 1,300x worker pay
A little-known tech company has come under fire after appointing a new CEO with a staggering £94 million salary package, dwarfing the average employee wage by 1,300 times.
Delivery Hero sells Deliveroo stake in strategic shift
German food delivery giant Delivery Hero has divested its entire 4.5% stake in UK rival Deliveroo, marking a significant strategic pivot in the competitive food tech sector.
Nine Entertainment's new strategy post-Domain sale
Nine Entertainment unveils bold new plans following the sale of its Domain stake, signalling a major shift in its media strategy.
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Chinese dealmaker Bao Fan released after 2 years
Prominent Chinese investment banker Bao Fan has been released after two years in detention, raising questions about Beijing's business climate.
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