Tag: M&A
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Diageo Considers RCB Sale as It Launches Strategic Review
Diageo Initiates Strategic Review on RCB Stake Global spirits giant Diageo has begun a formal strategic review focused on its ownership of the Royal Challengers Bengaluru (RCB) franchises in India’s IPL and Women’s Premier League (WPL). The process signals a potential exit or realignment of one of the company’s most visible sports investments, with a…
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Diageo Considers Selling RCB: A Strategic Review Counts Down to 2026
Background: Diageo’s RCB Stakes under Scrutiny Diageo, the multinational drinks giant and owner of the Royal Challengers Bengaluru (RCB) franchise in Indian cricket, has initiated a formal strategic review of its ownership position. The move signals growing interest from both markets and the potential for a partial or full sale of the stake in the…
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Is Air India Becoming Tata’s Achilles Heel?
Background: The Tata Group and Air India’s Return In January 2022, the Tata Group completed a landmark acquisition of Air India, revitalizing a legacy airline once owned by the government. The deal signaled a bold bet on the country’s aviation rebound and the Tata Group’s ambition to expand its global footprint. Yet while the transfer…
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Wall Street Extends Rally as Markets Brace for Key Data and AI Sector Bets
Wall Street Builds on Record Lifts Ahead of a Packed Market Week Stocks are marching toward fresh records as investors brace for a week packed with potentially market-moving events. The S&P 500 is up around 1% in midday trading, the Dow Jones Industrial Average has gained about 0.5%, and the Nasdaq Composite has risen more…
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Genting’s RM6.74B Bid to Privatize Genting Malaysia Amid NY Casino Push
Genting Moves to Take Genting Malaysia Private Genting Berhad announced on October 13 a conditional cash offer to acquire all remaining shares of Genting Malaysia Berhad it does not already own. Valued at RM6.74 billion (about S$2.1 billion), the proposal aims to privatise Genting Malaysia and consolidate control over the group’s casino and hospitality arm.…
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Genting Bids RM6.74 Billion to Privatize Genting Malaysia, Consolidating Casino Arm
Genting Announces Conditional Cash Offer to Take Genting Malaysia Private In a move to consolidate control over its casino and hospitality arm, Genting Group has unveiled a conditional cash offer to acquire the remaining Genting Malaysia shares it does not own. The bid, valued at RM6.74 billion (about S$2.1 billion), was disclosed on October 13…