Segro has thrown its support behind a fourth takeover approach from Prologis, a U.S. real estate investment trust, which would value it at £14 billion ($18.7 billion).
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TOP NEWS

REIT Segro Backs 'Best And Final' £14B Bid By Prologis

By Najiyya Budaly

Segro has thrown its support behind a fourth takeover approach from Prologis, a U.S. real estate investment trust, which would value it at £14 billion ($18.7 billion).

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CMA Seeks Views On Sky's £1.6B Buy Of ITV Broadcast Arm

By Dawood Fakhir

The U.K. antitrust watchdog said Thursday that it has called for comments on how media giant Sky Group's planned £1.6 billion ($2.1 billion) acquisition of an ITV division could affect competition in Britain.

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Kirkland, Sullivan & Cromwell Steer $2B ArisGlobal Deal

By Al Barbarino

Dassault Systèmes has agreed to acquire ArisGlobal, an AI-driven software provider for the life sciences industry, from private equity firm Nordic Capital for up to $2 billion, the companies said Thursday.

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LITIGATION

Saudi Investor Wins Appeal Over Time-Barred $5M Loan Claim

By Sophia Dourou

A Saudi investor succeeded Thursday in reviving his $5 million claim over an unpaid loan agreement, as the Court of Appeal held that an earlier judge was wrong to conclude that the claim was time-barred.

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Author Trust Royalties Are Capital, Not Income, UK Court Says

By Kevin Pinner

Royalty payments accrued in a family trust for the grandchildren of the author of the "Thomas the Tank Engine" books should be considered capital for trust law purposes instead of income, a London court found, siding with the trustees.

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Paramount-Warner TRO Extended As Injunction Fight Looms

By Lauren Berg

A California federal judge Thursday extended a temporary restraining order preventing Paramount Skydance Corp. from closing its proposed $110 billion acquisition of Warner Bros. Discovery Inc.

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DEALS

Genel Offer For Capricorn Trumped By £269M Samos Bid

By Dawood Fakhir

Samos Energy has made a cash bid of approximately £268.8 million ($358 million) for Capricorn Energy, setting up a potential rival offer to the recommended takeover by Genel Energy PLC.

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Gowling Guides £260M Pension Deal For Standard Life Unit

By Martin Croucher

Insurance giant Standard Life said Thursday it has completed a £260 million ($347 million) pension risk transfer with its business unit ReAssure, in a deal steered by Gowling WLG.

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CAPITAL MARKETS

Maven Capital-Managed VC Trusts Launch Plan To Raise £40M

By Tom Fish

Private equity firm Maven Capital Partners UK LLP said Thursday that four venture capital trusts it manages plan to launch linked share offers to raise up to £40 million ($53.5 million) for new investments.

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Deals Rumor Mill

British Bank Revolut Hits $115B Valuation, Plus More Rumors

By Jade Martinez-Pogue

British digital bank Revolut's valuation soared to $115 billion, private equity giant BlackRock leads an at least $12 billion debt sale for Meta's new data center project, and Liverpool FC is in talks with investor Amit Bhatia over a potential stake sale that could value the club at $6 billion.

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LAW FIRMS IN TODAY'S NEWS

Ashurst Perkins

Brick Court Chambers

Covington & Burling

Cuneo Gilbert

Farmer Brownstein

Freshfields

Fried Frank

Gateley PLC

Gowling WLG

HSF Kramer

Kirkland & Ellis

Latham & Watkins

Linklaters LLP

Milbank LLP

Morrison & Foerster

O'Melveny & Myers

Shinder Cantor

Slaughter and May

Sullivan & Cromwell

White & Case

Winston Taylor

COMPANIES IN TODAY'S NEWS

Aldermore Group PLC

Amazon.com Inc.

ArisGlobal LLC

BlackRock Inc.

Boston Red Sox

British Broadcasting Corp.

Canaccord Genuity Group Inc.

Comcast Corp.

Dassault Systemes SE

Fenway Sports Group LP

Financial Times Group Ltd.

FirstRand Ltd.

Genel Energy PLC

JPMorgan Chase & Co.

Lions Gate Entertainment Corp.

Liverpool FC

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Major League Baseball Inc.

Meta Platforms Inc.

Morgan Stanley

NBCUniversal Media LLC

Netflix Inc.

Nordic Capital Ltd.

Phoenix Group Holdings

Prologis Inc.

Skydance Media LLC

Sony Pictures Entertainment Inc.

Swiss Reinsurance Co. Ltd.

Tencent Holdings Ltd.

The Walt Disney Co.

Universal Studios Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

Writers Guild of America East

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

Competition and Markets Authority

European Commission

Financial Conduct Authority

HM Revenue & Customs

Ofcom

U.S. Department of Justice

U.S. District Court for the Northern District of California

UK Court of Appeal

UK First-tier Tribunal

UK High Court