A takeover by digital real estate listings giant CoStar potentially paves the way for a big payday for majority shareholder Nine Entertainment.
The deal combines two of Musk’s multiple portfolio companies,which also include automaker Tesla and SpaceX.
Australia’s largest discount variety retailer could soon be in Canadian hands.
Behind his unassuming demeanour and his T-shirt-khakis-and-sneakers wardrobe,Assaf Rappaport is a shrewd dealmaker.
The real estate site has been a sub-par performer for its majority owner,but accepting the cash offer would have profound implications for the media sector.
Under Crown Prince Mohammed bin Salman,Saudi Arabia has been making big bets on global sports. It has just poured a reported $US1 billion into the company that bought Foxtel in December.
The mega-merger with pharmaceutical distributor Sigma Healthcare has minted billions for the pharmacy chain’s three founders and spawned more than 100 millionaires,with their stakes worth between $5 million and $25 million.
The offer has triggered missives from both OpenAI CEO Sam Altman and Musk,intensifying their long-running feud.
If either side needs to compromise on the takeover price to get a transaction done,it’s Glencore that needs to make sacrifices now to secure a better future.
Myer investors have overwhelmingly voted in favour of the mega-deal that chief executive Olivia Wirth says sets up the department store for the long term.