#Takeover

The deal has given a $633 million value to the group, which includes prominent newspapers. (Representative Image/Unsplash)

  • The deal will create the second-largest newspaper group behind USA Today owner Gannett
  • The sale comes after a failed alternate bid from Maryland billionaire Stewart Bainum
  • The outcome for the Tribune had been seen as a potential turning point for the troubled sector

.Seoul, South Korea
Lee Jae-yong is a business tycoon and the chairman of Samsung. (Photo credit: AFP)

  • The jailed de facto leader of the Samsung group, Lee Jae-yong  went on trial Thursday
  • He is accused of stock manipulation, breach of trust and other offences
  • Lee is already serving a two-and-a-half year prison sentence for bribery, embezzlement and other offences

.Washington D.C., DC, USA
Toys "R" Us is known for its Geoffrey the Giraffe mascot and backwards "R" in the name. (Photo Credits: Representational Image/Unsplash)

  • The deal comes two years after the store was acquired by Tru Kids Inc
  • Shmidman is familiar with the brand because he is VP of Tru Brands since 2019
  • Toys "R" Us and Babies "R" Us generate over $2 billion in global retail sales annually

.Wrexham, UK
Ryan Reynolds has made an unlikely investment in English football . (Photo Credit: Instagram/ Ryan Reynolds)

  • The Tinseltown stars have taken 100% control of the National League club
  • Reynolds and McElhenney have made a £2 million ($2.76 million) investment in Wrexham
  • Wrexham are based in north Wales but they play in the fifth tier of English football

.Paris, France
It has become a long drawn takeover saga. (Picture credits: Representational image/Unsplash)

  • With its new offer, it is renouncing attempts to win over its rival's board
  • It said in a statement it had decided on "a public takeover bid in cash"
  • Veolia bought 29.9% of Suez's capital in October