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...It is now aiming to finalise a structure with ministers this week that will allow the Telegraph and The Spectator to be sold, potentially in separate deals....
...The company is acquiring 20 Grafton Street, a 17,000 square foot building comprising office and retail space, the people said, in one of the largest deals it has struck since Russia’s full-blown invasion...
...Informa, the UK publishing and exhibitions company, has struck a deal with Microsoft worth more than $10mn to use its data to improve the tech group’s AI systems, the latest such agreement in the media industry...
...“I think it probably would have sufficed [to do the deal].”...
...Thomas Singlehurst, analyst at Citi, said investors would be encouraged by the deal with Microsoft, which showed the value of relevant data in specialist areas, and highlighted the recurring nature of the...
...One deal that caught Lex’s eye last week was Microsoft’s agreement to back perhaps $10bn of new renewable projects from Brookfield to help power its data centres....
...US private equity firm Thoma Bravo has agreed to take UK cyber security company Darktrace private in a transaction valuing the company at $7.75 per share....
...This deal probably won’t happen in its current form but it has a long way to run. Some thoughts below — as well as links to the Lex column output on the deal....
...The new licensing deal would lead to “improved remuneration for Universal’s songwriters and artists”, the company said....
...Soaring demand for subsea interconnectors means substantial cash generation and, Lex thinks, more deals. Another subsea gusher could also prompt deal talks in the oil sector....
...Universal did not disclose the financial terms of the deal....
...The deal follows a strategic review by the company’s board after it lost a shareholder vote in October that put its future in doubt....
...The drumbeat of negative news for London’s equity markets continues, with several deals and departures announced just this week....
...BHP’s deal looks overly complicated and politically fraught. But the copper maths suggests it can and will bump its offer. Read more here....
...Announcing the deal, Qasim Abbas, a senior managing director at Blackstone, said: “The breadth of the Blackstone platform, combined with our operational expertise, will support and enhance the value of the...
...The two regulators were asked for views over whether there were grounds for concern in the deal....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Thoma Bravo said earlier this year that it had completed a deal to buy German compliance software company EQS Group....
...This is some of the recent Lex output: UK-listed Reckitt has a deal disaster on its hands....
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...But the financing that helped make the deal happen came from private equity group Silver Lake, in the form of a Pipe — or private investment in public equity — deal....
...That deal has already been backed by about 29 per cent of Hipgnosis’ issued share capital. Hipgnosis’ music portfolio includes artists such as the Red Hot Chili Peppers and Shakira....
...The deal follows a strategic review by the company’s board after shareholders voted last year against the fund continuing....
...New deals have continued to be struck by artists selling their music rights to investment groups, with US rock band Kiss most recently agreeing to a $300mn deal that included its name, image and likenesses...
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