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Bill Ackman’s Pershing Square claims world’s biggest music company has suffered because of delay of US listingBusiness live – latest updatesBillionaire Bill Ackman’s hedge fund has offered to buy Universal Music Group (UMG) in a deal that values the wo…
Once-hyped, celebrity-backed company snapped up by American Exchange Group for fraction of former valueBusiness live – latest updatesAllbirds, the San Francisco sustainable trainer brand once valued at more than $4bn, is being sold for just $39m (£29.6…
Core focus will be on beauty, personal care and home products after spinning off brands such as Hellmann’s and Pot NoodleBusiness live – latest updatesUnilever has agreed to combine its food business with US-based McCormick in a $44.8bn deal that will …
Co-founder Julian Hearn and actor likely to get big payday after takeover by French groupBusiness live – latest updatesHuel, the protein shake maker which counts the actor Idris Elba among its investors, has agreed to be acquired by the French consumer…
Anglo-Dutch company, which also owns Dove and Hellmann’s, will focus more on personal care products if deal agreedBusiness live – latest updatesUnilever, the owner of Marmite, Dove and Hellmann’s mayonnaise, is in talks to combine its food business wit…
Milan-based bank plans to up its near-30% stake in German lender to trigger formal talks despite strong opposition from BerlinBusiness live – latest updatesTwo European banking powerhouses have become embroiled in a €35bn (£30bn) takeover battle after …
Axel Springer, owner of Bild and Die Welt, agrees all-cash deal for one of UK’s oldest newspapersBusiness live – latest updatesThe European media group Axel Springer is to acquire the Telegraph after tabling a £575m deal that has scuppered a rival deal…
The $110bn deal will require approval from regulatory authorities in the US, the EU and the UKChampagne reportedly flowed at Paramount Skydance headquarters late last week after the media conglomerate edged out Netflix to acquire the entirety of Warner…
Streamer said ‘deal no longer financially attractive’ at price required to match offer by David Ellison’s firmParamount Skydance has beaten Netflix to take over Warner Bros Discovery’s storied Hollywood studios and streaming business after the streamin…
Exclusive: Figures led by New York Sun owner may seek judicial review after restrictions lifted on DMGT offerFigures involved in a rival bid for the Telegraph are drawing up legal action against the government, after ministers gave the owner of the Dai…