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...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...He has also worked for Mark Warner, the current chair of the Senate intelligence committee, and for Biden’s current climate envoy and former US secretary of state John Kerry....
...Google reported $175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving...
...Amazon Ads director of EU adtech sales Frazer Locke said that “as the industry shifts towards an environment where cookies are not available, first party contextual signals are critical in helping us develop...
...The sale gives Baker Tilly US an enterprise value of more than $2bn and capital to fund what its chief executive Jeff Ferro called an “extremely aggressive” acquisition strategy, signalling the firm’s ambition...
...As markets hit record highs, the ratio of corporate insider selling to insider buying is at the highest level since the first quarter of 2021, according to Verity LLC, which tracks insider trading disclosures...
...The company makes about four-fifths of its sales in the US, where the market is highly competitive....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...The potential rival offer from US-based Warner, which would value the company at €1.65bn, comes less than a month after Denis Ladegaillerie, alongside private equity groups EQT and TCV, proposed to take...
...But ESPN’s annual cash flow is too valuable to give up in a sale or spin-off....
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...US cinema owners have suffered from an 18 per cent drop in box office returns so far in 2024, and last year’s Hollywood strikes are expected to result in a weaker slate of films and lower ticket sales....
...Naked short sales have been banned in the US since 2005. G1 declined to comment. Virtu and Jane Street did not immediately respond to requests for comment....
...Redstone has long said Paramount was not for sale....
...Curiously, the FTC gave scant mention to Walmart, which leads US grocery sales with 23.6 per cent of the market last year, according to analytics firm Numerator....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The electric racing series, which is backed by Liberty Global, Warner Bros Discovery and Saudi Arabia’s sovereign wealth fund, was selling the 12th and final spot on its grid, chief executive Jeff Dodds...
...The industry’s rise comes during a period of tense US-China relations and a rise in trade barriers, including sweeping controls of American technology sales to China....
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
...The combined market share of UMG, Sony and Warner is more than 70 per cent....
...That follows earlier sales of about 12mn shares, also totalling roughly $2bn, last week, filings show....
...The other partner in the joint venture is US fund manager RedBird Capital....
...“I can’t say it was that memorable, as neither of us remembered it,” he said....
...US Senator Mark Warner has called on the Federal Trade Commission and the Department of Justice to investigate “the extent to which digital advertising intermediaries maintain a concentrated ecosystem rife...
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