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UNBELIEVABLE: 22 | History Defined

GB News's biggest backer sells stake in right-wing news channel

THE US media group Warner Bros Discovery has announced it will sell its stake in British news channel GB News.

The National (Scotland)

Could Donald Trump's SPAC Deal Fall Apart? Here Are The Stakes

One of the best-performing stocks of 2021 was a SPAC merger between former President Donald Trump’s media company and the parent company of his social media platform, Truth Social.

Benzinga

Qantas' takeover of FIFO airline hits roadblock, ASX slips as UK inflation surges to highest since 1982

The Australian share market snaps its three-day rally after a volatile session on Wall Street, consumer inflation in Britain surges to its highest level in 40 years, while the competition regulator flags concerns about Qantas' proposed takeover of Alliance Aviation.

ABC News

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Cineworld’s story has shareholders watching through their hands

The cinema chain made a high-risk bet on audiences flooding back but is now forced into painful restructuring

The Guardian - UK

US suitor pulls out of FirstGroup acquisition bid

Transport firm's board concludes final bid 'significantly undervalues' its current and future prospects

Insider UK

Cineworld blames lack of blockbusters after ticket sales disappoint

‘Top Gun: Maverick’ has been one of the few major releases in the first half of 2022

Evening Standard

Go-Ahead shareholders approve £669m takeover by international joint venture

The transport operator's shareholders voted in favour of the bid at a general meeting

Birmingham Post

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Manchester United and the Glazers’s debt explained

The Glazers’s ownership, made possible by a leveraged buyout in 2005, is under the microscope once again

The Independent UK

Ted Baker agrees takeover by US Reebok owner

Directors recommend 110p-a-share deal with ABG, which values the London-listed clothing firm at £211m

The Guardian - UK

If You Invested $1,000 In Nikola Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.

Benzinga

Phoenix confident after record £950 million cash generation

Analyst admits ‘boring can be beautiful’ as insurer posts market-beating results

Evening Standard

Azets acquires Dorset medical accounting firm in major deal

Sandisons was established in 1978 and employs more than 50 staff at its offices in Blandford Forum

Birmingham Post

Nearmap in advanced $1b takeover talks

Nearmap shares have soared by 28 per cent after the aerial mapping company received a $1 billion takeover offer from US private equity firm Thoma Bravo.

AAP

Elon Musk says Twitter hiding witnesses he needs in buyout fight

WASHINGTON: Elon Musk is accusing Twitter Inc of hiding key witnesses in their legal battle over whether he must consummate a $44 billion buyout of the company, according to people familiar with the allegations.

The Times of India

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The Guardian - UK

Elon Musk’s Twitter lawsuit: what you need to know

Tesla CEO has sold $7bn worth of shares in the carmaker in case he loses his bid to walk away from the $44bn takeover

InsideEVs

Musk Sells $6.9B Worth Of Tesla Stock As Forced Twitter Deal Possible

Asked if he was done selling shares, Musk confirmed and said he will buy Tesla stock again if the Twitter deal does not close.

Evening Standard

FTSE 100 Live: US inflation falls to 8.5%, Elon Musk sells Tesla shares

US inflation fell back from 9.1% to rest at 8.5% last month still critical for the economy but dropping from the four-decade peak it hit in June and calming the markets.

The Guardian - UK

Elon Musk sells Tesla shares worth $6.9bn as Twitter trial looms

Tesla CEO admits he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform

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Birmingham Post

Shakespeare Martineau and Lime Solicitors parent company hits record revenues

Ampa group expected to pass through £100 million barrier in its next financial year

The Times of India

HDFC gets NHB nod for proposed merger with subsidiary bank

NEW DELHI: Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday.

The Independent UK

Axios Media purchased by Cox Enterprises

Axios Media is being acquired by Cox Enterprises, which says it plans to push the online news provider into new markets while broadening its coverage

Evening Standard

How to buy Twitter stock (TWTR)

Twitter has been dominating headlines since Elon Musk made an offer to buy the company in April, which valued the company at $44 billion (£37 billion).

Birmingham Post

Newcastle and Manchester building societies in talks over potential merger

If the talks are successful, Newcastle Building Society would take over its North West counterpart's operations

The Guardian - UK

Veolia to sell Suez UK waste business to Macquarie for €2.4bn

French utility group agrees sale to Australian private equity group to resolve CMA’s competition concerns

Newcastle Herald

Chinese owner seeking full control of big Hunter miner Yancoal

Battle for control of Yancoal

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