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The Competition Commission of India on Tuesday approved US-based private equity firm Blackstone’s proposal to acquire up to 9.99 per cent stake in Federal Bank through warrants, clearing the way for the global investor’s entry into the private sector lender.In a release, the fair trade regulator said the proposed transaction involves Asia II Topco XIII…
YouTube is now offering voluntary buyouts to select employees as part of an internal reorganisation which is aimed at accelerating its push into artificial intelligence. As reported by Business Insider, the decision was announced by YouTube CEO Neal Mohan in an internal memo. This move from YouTube comes at a time when the company is…
Growing calls to fire Brian Kelly, LSU football coach, as playoff hopes fade. The 2025 season was meant to be LSU’s big comeback under Brian Kelly — a run to prove the Tigers still belonged among college football’s best. But just eight weeks in, things have unraveled fast. A crushing 49-25 loss to No. 3…
Saudi Arabian adviser Turki Al-Sheikh. Image: X If the name Turki Al-Sheikh sounds familiar, that’s because this Saudi powerhouse has been shaking up entertainment, sports, and culture with a mega-watt presence hard to ignore. The 44-year-old chairman of Saudi Arabia’s General Entertainment Authority is a visionary billionaire whose finger is firmly on the pulse of…
Electronic Arts agreed to sell to a group of private investors in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record.The consortium, which includes Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s (US President Donald Trump’s son-in-law) Affinity Partners, agreed to pay $210 per…
Electronic Arts (EA), the creator of globally popular video games including “Madden NFL,” “Battlefield,” and “The Sims,” is poised to exit public markets after agreeing to a $55 billion acquisition. The deal, one of the largest leveraged buyouts ever, will transfer EA into private ownership, giving the company room to restructure without the scrutiny of…
