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Tag: takeover

Myanmar coup: US ‘horrified’ by deadliest day since military takeover

Myanmar coup: US ‘horrified’ by deadliest day since military takeover

World
ReutersThe US has said that it is "horrified" by the killing of scores of anti-coup protesters in Myanmar on Saturday.Secretary of State Antony Blinken accused the military of "a reign of terror" that was "sacrificing the lives of the people to serve the few".Saturday was the deadliest day since last month's military takeover.The defence chiefs of a dozen nations, including the UK, on Sunday issued a rare joint statement condemning the military's violent actions.The US, Japan and Australia were also among the signatories of a statement that said: "A professional military follows international standards for conduct and is responsible for protecting - not harming - the people it serves."UN Secretary-General Antonio Guterres said he was "deeply shocked" at the violence and British Foreign Sec...
ASOS on brink of sealing TopShop and Miss Selfridge takeover

ASOS on brink of sealing TopShop and Miss Selfridge takeover

Business
ASOS is this weekend on the brink of capping one of the most tumultuous months in the history of the British high street by sealing a deal worth nearly £300m to buy TopShop and Miss Selfridge.Sky News understands that the online fashion retailer hopes to sign an agreement with Arcadia Group's administrators ahead of a stock exchange announcement that could come as soon as Monday morning. Sources said on Saturday that the takeover of TopShop would cost ASOS approximately £250m, with the cost of stock adding roughly £40m to the purchase price.ASOS confirmed a Sky News report this week that it had become the frontrunner to buy the crown jewels in Sir Philip Green's former empire, which crashed into administration in November.By taking over TopShop, ASOS - which was founded under the name As S...
Sorrell enters post-Brexit era with double US takeover swoop

Sorrell enters post-Brexit era with double US takeover swoop

Business
The marketing services tycoon Sir Martin Sorrell will this week swoop to make two US additions worth more than $ 200m (£146m) to his digital advertising empire.Sky News understands that S4 Capital - founded by Sir Martin in the wake of his departure from WPP Group - will announce on Monday that it is buying Decoded Advertising, a creative agency, and Metric Theory, a data-driven digital agency. The purchases will be the latest in a blizzard unveiled by S4 since its launch less than three years ago, and will take the group's total workforce to more than 3,500 people.Insiders said that Decoded and Metric Theory would become part of S4's MediaMonks and MightyHive divisions respectively.Decoded, which has offices in New York and Los Angeles, serves clients including T-Mobile, Visa and SC Johns...
IndusInd Bank denies takeover talks with Kotak Mahindra Bank

IndusInd Bank denies takeover talks with Kotak Mahindra Bank

Finance
MUMBAI: Private lender IndusInd Bank denied having any exploratory takeover talks with peer Kotak Mahindra Bank and said the former has unstinted support from its promoters, the Hinduja family. Earlier in the day news agency Bloomberg had reported that Kotak Mahindra Bank is exploring a takeover of smaller rival IndusInd Bank to create the nation’s eighth-largest financial firm by assets. “IndusInd Bank categorically denies any such developments, its malicious and incorrect,” the bank said in an email response. “The Promoter of IndusInd Bank, IndusInd International Holdings Limited (IIHL), reiterate their full support to the IndusInd Bank, now and always.” The bank added that the promoters have intervened to support the bank whenever crisis has hit the Indian economy and its financial inst...
TikTok owner to ‘strictly’ obey China’s tech takeover law

TikTok owner to ‘strictly’ obey China’s tech takeover law

Technology
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