Dazn getting ‘IPO ready’, says CEO Segev, after swing into black and key hires Sport Business Dazn chief executive Shay Segev has confirmed the global sports streaming platform is preparing for an IPO after achieving EBITDA profitability in 2025. Segev said the company had not decided on a timeframe for a float, nor whether the London-headquartered company would be listed on the FTSE or overseas. But he confirmed that the advent [...]
Howden appoints News Corp finance veteran Susan Panuccio to top team insurance Howden has named Susan Panuccio as its next group chief financial officer, poaching the veteran executive from media giant News Corp. She is set to take the reins in January 2026, as current CFO Mark Craig steps into a newly created chief investment officer role. The double leadership shift comes as the London-headquartered group pushes [...]
Rightmove made the wrong move, says Murdoch’s News Corp Property Rupert Murdoch’s News Corp has applauded REA’s decision to abandon a takeover of Rightmove after the property platform rejected its fourth offer. In a statement today, Robert Thomson, chief executive of News Corp, said he “strongly supported” the property group’s “financial discipline” in pulling out of the bid, and added that it was an example [...]
Sir Paul Marshall pulls out of race to own Telegraph September 29, 2024 Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
Jefferies upgrades Rightmove as REA group eyes £4.4bn takeover bid September 9, 2024 Jefferies analysts have upgraded their guidance for Rightmove as they believe Australian real estate giant REA Group will probably make a formal offer for the British property platform. Last week, Rupert Murdoch’s News Corp-backed REA said it is considering a £4.4bn cash and share offer for Rightmove, sending the latter’s shares up nearly 25 per cent. Rightmove [...]
Rightmove shares jump by a quarter as News Corp-owned REA eyes £4.4bn swoop September 2, 2024 Australian property giant REA Group, backed by Rupert Murdoch's News Corp, is considering a £4.4bn takeover bid for UK competitor Rightmove.
CVC: Private equity beast behind La Liga and Six Nations mulls bid for The Telegraph July 17, 2024 The private equity backer of La Liga and the Six Nations rugby tournament is weighing up a bid for The Telegraph.
Local news publisher Mill Media to come to London June 6, 2024 Regional news outlet Mill Media will use capital raised in a successful fundraising round last year to launch a London operation by the end of 2024, the publisher has said.
Tourist tax puts us at a competitive disadvantage, says Gatwick boss June 2, 2024 The UK's tourist tax is putting Gatwick at a "competitive disadvantage" to rival European hubs, according to its chief executive.
News Corp: The Times and Sun publisher pens ‘beautiful friendship’ deal with OpenAI worth £200m May 23, 2024 OpenAI now has access to current and archived content from many of News Corp's publications, including The Times and The Sun.