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Axel Springer split gives M&A freedom to news unit

BREAKINGVIEWS-Axel Springer split gives M&A freedom to news unit The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix hyperlink in paragraph four. By Pierre Briancon BERLIN, Sept 19 (Reuters Breakingviews) - Mathias Döpfner and KKR KKR.N have agreed on their conscious uncoupling . The co-owners of Axel Springer are parting ways in a 13.5-billion-euro breakup, after taking the German media group private five years ago for 8 billion euros including d
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Murdoch succession drama plays out in closed court in Reno, Nevada

UPDATE 1-Murdoch succession drama plays out in closed court in Reno, Nevada Adds details of family's arrival at courthouse in paragraph 8 By Dawn Chmielewski LOS ANGELES, Sept 16 (Reuters) - A battle over control of Rupert Murdoch’s global television and publishing empire begins Monday in a Reno, Nevada courtroom, where a judge will consider the contentious matter of succession.
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Rupert Murdoch arrives at Reno courthouse

Rupert Murdoch arrives at Reno courthouse By Dawn Chmielewski Sept 16 (Reuters) - Media mogul Rupert Murdoch arrived Monday morning at a Reno courthouse, where a battle over control of Murdoch’s global television and publishing empire will play out in a closed hearing. Murdoch, 93, is attempting to change the terms of the family’s trust -- which holds significant stakes in Fox News parent Fox FOXA.O and Wall Street Journal owner News Corp NWSA.O .
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Murdoch succession drama plays out in closed court

Murdoch succession drama plays out in closed court By Dawn Chmielewski LOS ANGELES, Sept 16 (Reuters) - A battle over control of Rupert Murdoch’s global television and publishing empire begins Monday in a Reno, Nevada courtroom, where a judge will consider the contentious matter of succession. Murdoch, 93, is attempting to change the terms of the family’s trust -- which holds significant stakes in Fox News parent Fox FOXA.O and Wall Street Journal owner News Corp NWSA.O .
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Mail Online and Sun take axe to based workforces - Sky News

MEDIA-Mail Online and Sun take axe to US-based workforces - Sky News -- Source link: https://tinyurl.com/2dc7gdnw -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Google knew publishers would dislike ad tech change that helped it profit

Google knew publishers would dislike ad tech change that helped it profit By Jody Godoy ALEXANDRIA, Virginia, Sept 12 (Reuters) - Google GOOGL.O knew publishers would balk when it took measures in 2019 to keep them from diverting ad sales to competitors, prompting it to try to make the change look more palatable, according to internal documents shown at the tech titan's antitrust trial on Thursday.
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Murdoch succession battle to play out in Nevada courtroom

Murdoch succession battle to play out in Nevada courtroom By Dawn Chmielewski RENO, Nevada, Sept 12 (Reuters) - A closed-door court battle over control of Rupert Murdoch’s media empire begins Sept. 16, and could determine the future of Fox News and the Wall Street Journal. Murdoch, 93, is attempting to change the terms of the family’s irrevocable trust to ensure his newspapers and television networks remain under control of his eldest son and chosen heir, Lachlan Murdoch, according to the Ne
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Angel, Seadrill, EQT, DSV, RTX, Nippon Steel, Peninsula; Updates UniCredit Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1955 GMT on Wednesday: ** Angel Studios said on Wednesday it would go public in the U.S. via a merger with blank-check firm Southport Acquisition Corp in a deal valued at $1.6 billion.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds BlackRock, Dyna-Mac; Updates UniCredit Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** A BlackRock-managed fund BLK.N has bought a minority stake in a pipeline linking Saudi Arabia and Bahrain from Bahrain state oil firm Bapco Energies, the two firms said, as the small Gulf state tries to extract value from its energy assets.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro 1COV.DE for about 14.4 billion euros ($15.90 billion) including debt, the Financial Times reported.
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UK's Rightmove drops after rejecting REA's takeover proposal

BUZZ-UK's Rightmove drops after rejecting REA's takeover proposal ** Shares of Rightmove Plc RMV.L fall about 2% to 657.80p, stock among top pct losers on FTSE 100 .FTSE index ** Britain's largest real estate portal Rightmove RMV.L rejects the 5.6 bln pound ($7.32 bln) cash-and-stock takeover proposal from Australia's REA Group REA.AX , citing that
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STOXX eyes strong start

CORRECTED-LIVE MARKETS-STOXX eyes strong start Changes WH Smith share buyback from £500 million to £50 million in sixth paragraph Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX EYES STRONG START European stocks are heading for a strong start to Wednesday, as European traders catch up with a closely-watched U.S.
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UK Stocks-Factors to watch on Sept 11

UPDATE 1-UK Stocks-Factors to watch on Sept 11 Adds news items, updates futures Sept 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures up 0.15%. * RIGHTMOVE: Britain's largest real estate portal Rightmove RMV.L rejected the 5.6 billion pound ($7.32 billion) cash-and-stock takeover proposal from Australia's REA Group REA.AX , it said, citing that the bid undervalued its prospects.
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Financials drag Australia shares lower; US inflation data in focus

Financials drag Australia shares lower; US inflation data in focus Banks down 1.7% Mining stocks up 2.1% US CPI data due today By Roshan Thomas and Roushni Nair Sept 11 (Reuters) - Australian shares ended marginally lower on Wednesday, as losses in financial stocks outweighed miners' gains, while investors were cautious ahead of a key U.S. inflation reading that could influence the Federal Reserve's upcoming interest rate decision.
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Wall Street Journal - Sept 11

PRESS DIGEST - Wall Street Journal - Sept 11 Sept 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - News Corp-controlled REA Group REA.AX will have to sweeten the deal if it is to bring together two of the English-speaking world's dominant real estate listing websites, after U.K.
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UK Stocks-Factors to watch on Sept. 11

UK Stocks-Factors to watch on Sept. 11 Sept 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures down 0.19%. * RIGHTMOVE: Australian property listing firm REA Group REA.AX said on Wednesday that Britain's largest real estate portal Rightmove RMV.L had rejected its 5.6 billion pounds ($7.33 billion) cash-and-stock takeover offer.
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Financial Times - Sept 11

PRESS DIGEST-Financial Times - Sept 11 Sept 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Rightmove rejects 5.6-bln-pound offer from Australia's REA - UK sent Kyiv large supplies of old military equipment, watchdog finds - Tata 'very close' to securing £500mn of state aid for UK's largest steelmaking plant - Anglo American launches first stage of platinum unit sale Overview - Bri
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Australian shares flat as miners counter losses in banks

Australian shares flat as miners counter losses in banks Sept 11 (Reuters) - Australian shares struggled for momentum on Wednesday as gains in miners countered losses in financial and energy stocks, while investors globally awaited U.S. inflation data for hints on the depth of a rate cut expected from the Federal Reserve next week. The S&P/ASX 200 index .AXJO was flat at 8,017.9 as of 1237 GMT.
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Australia's REA Group falls on Rightmove's rejection of buyout bid

BUZZ-Australia's REA Group falls on Rightmove's rejection of buyout bid ** Shares of REA Group REA.AX fall as much as 2.1% to A$198.17, their lowest since early Sept 4 ** News Corp-backed co says Britain's largest property portal Rightmove RMV.L rejected its 5.6 billion pounds ($7.32 billion) buyout proposal ** Co does not mention any reason for re
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Britain's Rightmove rejects $7.3 bln takeover offer from Murdoch's REA Group

UPDATE 4-Britain's Rightmove rejects $7.3 bln takeover offer from Murdoch's REA Group Adds Rightmove response in paragraphs 1-3, updates REA share move in paragraph 4 By Scott Murdoch and Aaditya GovindRao SYDNEY, Sept 11 (Reuters) - Britain's largest real estate portal Rightmove RMV.L rejected the 5.6 billion pound ($7.32 billion) cash-and-stock takeover proposal from Australia's REA Group REA.AX , it said on Wednesday, citing that the bid undervalued its prospects.
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