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...The sale is the latest sign of how professional sports team valuations are appreciating amid more lucrative media rights agreements and the influx of private capital investment at the minority shareholder...
...Reese Witherspoon sold her company Hello Sunshine to Blackstone for $900mn in 2021, for example, and Blackstone-backed Candle Media took a $60mn stake in Will Smith and Jada Pinkett Smith’s Westbrook Inc...
...In a sign of the potential, last year BHE announced it would develop a manufacturing site powered by renewable energy, with Berkshire-owned metal components group Precision Castparts agreeing to be the first...
...But unless a judge sides with the billionaire — or the social media group’s board agrees to terminate the transaction — a group of seven banks that agreed to lend $13bn in April for the buyout are still...
...That is below the threshold required to retain its board seat at the Chinese group....
...When approached by media, Abel offered a quick handshake before moving on....
...Andrew Mountford: Something I find frustrating in the discussion of growth in the current affairs media is the over-analysis of the latest datapoint....
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...“They wake up at 4am to watch an [Indian Premier League] match,” said Satyan Gajwani, an executive at Times Group, India’s largest media company, and one of the co-founders of Major League Cricket....
...Among the menu of aggressive covenant terms was a clause that allows the owners to move assets into a subsidiary out of the reach of bondholders — a feature made famous by retailer J Crew....
...independent B.O.D. that’s empowered to protect and defend Ben & Jerry’s brand equity and integrity”....
...Sign up here. We love to hear from readers: Due.Diligence@FT.com. Will Durban’s downturn bets pay off?...
...Revlon had turned to a tactic other distressed companies have used in recent years that has earned the nickname of “getting J Screwed”....
...regulatory fine over its audits of Carillion, as well as expected government intervention to overhaul how the biggest audit firms operate on the horizon, the relentless public inspection of KPMG shows no sign...
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...TikTok will inevitably start doing what other longstanding media apps do — either inundating people with adverts or urging them to sign up to a subscription — because “they have to make money at some point...
...The UK media is contributing to this pressure, as we are already hearing the media punditry warning about growing public debt. Few economists share these concerns....
...WPP will also reduce is planned capex from £400m to v£300m....
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...Sign up here to Market Forces, our daily analysis of what’s moving global markets Job moves Incentrum Group has hired Michael McIvor as a partner and head of investment banking advisory services....
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...Social media is a useful tool for someone, like her, “committed to communication and to change”....
...The band was considered the last J-pop group that produced truly national hit songs known by Japanese of all ages and from all walks of life....
...By contrast, Spotify in January lured five buzzy hip-hop and R&B artists to perform for free at its Grammy’s party, underscoring the changing of the guard....
...In a sign that big investors are losing their battle against dual-class share, Dropbox, the internet storage group, listed this year with unequal voting rights....
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