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INSANE: 20 | Vintage Vibes

Trump Truth Social deal on life support

The blank-check SPAC deal set to infuse over $1 billion into Truth Social may be dead after shareholder vote

Salon

Top Financial Stories Tuesday, September 6: Focus on iPhone 14 Event, OPEC+ Plans Mild Production Cut, Netflix Says No To Crypto Ads And More…

Reuters EQT Corp Close To Buying THQ Appalachia

Benzinga

Further signs of cooling housing market after Countryside Properties accepts lower Vistry offer

In June, Countryside rejected an unsolicited offer from Inclusive Capital that valued the firm at £1.5 billion

Evening Standard

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FTC investigating Amazon's $3.9B purchase of One Medical

The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal

The Independent UK

T-Mobile lays off engineering, network employees

T-Mobile has laid off several workers in engineering and network jobs this week as part of a restructuring program after the company's merger with Sprint two years ago.

Tribune News Service

Russia-linked firm could gain stake in company behind UK’s national lottery

PPF in line to acquire shares in Allwyn Entertainment, whose UK arm won lottery licence from Camelot

The Guardian - UK

Asda purchases Co-op petrol stations in multi-million pound investment deal

The supermarket chain reached an agreement to purchase 132 sites from the retailer for £60million.

Daily Record

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City row as investors claim Phoenix being sold on the cheap to Swiss giant

A DAVID and Goliath City battle broke out today when minority shareholders in Phoenix Global Resources vowed to fight off a £200 million takeover deal from Mercuria, a Swiss commodity behemoth with sales of $130 billion a year.

Evening Standard

Sony-Zee merger can hurt competition, more scrutiny needed, says Competition Commission of India

With 92 Zee channels in India and Sony’s global revenue of $86 billion, CCI said the deal would place the combined entity in a ‘strong position’

The Hindu

Competition watchdog may get in the way of proposed Zee-Sony merger

The Competition Commission of India has sent a notice to Sony and Zee networks over the possibility of their proposed India merger hurting competition through “unparalleled bargaining power”, according to a Reuters report.

Newslaundry

How Will TWTR's Price React To Court Saga?

Twitter Inc. (NYSE: TWTR) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.

Benzinga

Liverpool and FSG investors RedBird make New York Yankees move with AC Milan

FSG investors RedBird Capital Partners are set to close on the purchase of Italian giants AC Milan

Liverpool Echo

Prax Group enhances liquidity position as refinery welcomes carbon capture scheme success

Significant additional headroom to counter high prices and support future growth

Birmingham Post

Billionaire Issa brothers add Co-op forecourts to Asda in £600 million deal

Around 2,300 staff move to employment with Asda as part of the deal

Evening Standard

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Manchester Evening News

Billionaire Issa brothers agree £600m deal for Asda to buy Co-op petrol stations

The Issa brothers started out with a single petrol station in Bury

Birmingham Post

Co-op agrees to sell 129-strong petrol forecourt chain to Asda for £600m

The Co-op said that offloading its petrol forecourts will allow it to focus on its convenience business

Benzinga

Why This Twitter Analyst Says Whistleblower A 'Huge Potential Win' For Elon Musk

A former Twitter Inc (NYSE: TWTR) security chief has turned whistleblower, alleging the company knew of security and bot issues.

The Guardian - US

Elon Musk adds whistleblower claims to list of reasons for ending Twitter deal

Tesla chief is trying to withdraw from his agreement to a $44bn takeover of the social media platform

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Tribune News Service

Elon Musk attacks Twitter deal over whistle-blower as feud escalates

Elon Musk has cited the recent accusations from a Twitter Inc. whistle-blower as a new reason to terminate the $44 billion takeover of the social media platform.

Evening Standard

Elon Musk reaffirms move to scrap Twitter takeover in fresh letter after whistleblower allegations

The letter argues new allegations about the company’s security policies give additional grounds to terminate the deal

Axios

Musk sends second Twitter deal termination letter

Musk's legal team is trying to leverage the allegations made by former Twitter security chief Peiter Zatko last week.

Birmingham Post

Issa brothers-owned Asda 'in £450m bid for Co-op's petrol stations'

Asda was taken over by the Lancashire-based Issa brothers and TDR Capital last year

Axios

Musk lawyers subpoena Twitter whistleblower

Musk argues Twitter misrepresented key user metrics, including monetizable daily active users.

The Times of India

Takeover battle: NDTV promoter entity, Adani group approach Sebi on warrants conversion

NEW DELHI: Adani group and NDTV's promoter entity RRPR Holding Ltd have approached Sebi, seeking clarity on the applicability of the regulator's earlier order regarding the conversion of warrants into shares, a decisive factor in the hostile takeover battle for the media group.

Birmingham Post

Conveyor manufacturer SE-TEK collapsed owing £3.8m, report shows

A range of trade creditors have been left out of pocket after the Sunderland firm went into administration last month

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