| | | Altice raises stake in SFR and plans full buyout offer | | | PARIS (Reuters) - Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, has raised its stake in telecoms company SFR to more than 95 percent and is planning a full buyout offer for the remaining shares. |
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| | | Wanda Hotel to buy $1 billion of assets from Wang-controlled units | | | HONG KONG (Reuters) - Wanda Hotel Development Co Ltd, a unit of Chinese conglomerate Dalian Wanda Group, plans to buy assets worth over $1 billion from firms controlled by its billionaire founder Wang Jianlin, in a move that sent its shares surging over 30 percent. |
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| | | Prudential to merge UK asset management, insurance arms | | | LONDON (Reuters) - Prudential will merge its UK asset management unit M&G with its UK and European insurance divisions, it said on Thursday, giving it greater scale and cost savings as active asset managers seek to fend off competition from passive funds. |
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| | | Sky investor Odey says Fox bid is losing appeal | | | LONDON (Reuters) - Hedge fund manager Crispin Odey is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky , saying the 11.7 billion-pound ($15.20 billion) offer undervalues the British pay TV broadcaster. |
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