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Sunak moves to block foreign state takeover of Telegraph

Financial Times M&A

UK will change law to prohibit governments from owning British news organisations

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London’s private clubs face public revolt

Financial Times M&A

Plus, UK private equity dealmakers make a windfall on carried interest and a news-powered hedge fund raises more than $100mn

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Why BuzzFeed Shares Are Surging Thursday

Benzinga

The firm entered into a multi-year license and strategic partnership with Independent Digital News and Media. The agreement merges well-known brands like The Independent, BuzzFeed UK, Tasty UK, Seasoned, and HuffPost UK, consolidating them under The Independent’s leadership for operations in the U.K. and Ireland.

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US owner of Waterstones tables higher offer for Currys

The Guardian M&A

Elliott Advisors ups its offer to ÂŁ750m but board of high street electrical goods chain likely to reject new bid The US investment group Elliott Advisors has reportedly tabled an improved takeover offer for the UK electrical goods chain Currys, worth as much as ÂŁ750m, after being rebuffed earlier this month. Continue reading.

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Telegraph and Spectator takeover: News Corp and Mail owner consider bids

The Guardian M&A

Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretary Business live – latest updates Media groups have reportedly shown fresh interest in a takeover of the Telegraph and Spectator alongside Redbird IMI, the UAE backed consortium.

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CRO speaks the truth about risk management

Norman Marks

Multiple news organizations reported this month that the UK’s Lloyds Banking Group is going to make significant cuts in its risk management function. Background: Lloyds is one of the largest banks in the UK with revenue of £28 billion and next income of just under £5 billion. It’s shocking, but it’s the truth.

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Ovo reportedly planning bid for Shell’s 1.4m household energy customers

The Guardian M&A

Shell takeover would make Ovo second-largest energy supplier in UK market again Ovo Energy is reportedly planning to make a bid to buy 1.4 million household energy customers from Shell’s UK supply business as the oil company prepares to leave the retail market. Continue reading.