The culture secretary said Wednesday that she will intervene in Sky Group's proposed £1.6 billion ($2.2 billion) purchase of the broadcast and streaming division of ITV to safeguard media plurality in the U.K.
The culture secretary said Wednesday that she will intervene in Sky Group's proposed £1.6 billion ($2.2 billion) purchase of the broadcast and streaming division of ITV to safeguard media plurality in the U.K.
Asset management giant Blackstone said Wednesday it has raised €13 billion ($14.6 billion) for lending to middle- and upper-middle-market borrowers in Europe, highlighting strong demand for private credit across the bloc.
Private equity company PAI Partners said Wednesday it will acquire Elemis to fast-track the British skin care brand's expansion in the U.S. and boost its reach online.
Frasers Group PLC has sold approximately 3.6% of its shares in Boohoo Group PLC after years of increasing its position in the online fashion retailer, while retaining more than one-fifth of its voting rights, stock exchange data showed Wednesday.
Made Tech, a digital services provider to the U.K. public sector, said Wednesday that it has bought social housing technology firm Target Applications for up to £6 million ($8 million) cash, providing a base to pursue business opportunities in Scotland.
Mineral exploration company Axies Ventures said Wednesday that it has begun trading on the junior investment market of the London Stock Exchange after an initial public offering valued at approximately £1.34 million ($1.8 million).
The U.K.'s competition regulator on Wednesday launched a probe into a car hire company's £85.6 million ($115 million) acquisition of a specialist vehicle and fleet business to see whether the merger could substantially reduce competition.
Pensions insurer Royal London said Wednesday that it has taken on retirement savings liabilities worth £28 million ($38 million) from a retirement plan sponsored by software company Delcam in a deal steered by Squire Patton Boggs.
The BBC told a London trial on Wednesday that a prominent political donor and businessman had operated "in countries where corruption was rife" and had good reason to know about admitted bribery.
