Paramount Skydance and a coalition of 12 state attorneys general have reached a settlement resolving the antitrust lawsuit that threatened to block the $111 billion acquisition merger of Warner Bros. Discovery. The agreement, announced Monday, removes the final significant domestic legal obstacle to the deal and means a trial that had been scheduled for March…
Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s Round-up is exclusively supported by BMI, a global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music. This…
Transcarent, a digital platform focused on the self-insured employer market, announced it finalized its merger with Accolade, a virtual healthcare and benefits navigation company, in a deal worth $621 million. Transcarent announced that it was acquiring Accolade and taking it private in January. Accolade is now an indirect wholly owned subsidiary of Transcarent. In a…
Shares of Sanghi Industries slumped 12.4% on Wednesday to Rs 67.42 on BSE after the company’s promoter Ambuja Cements said it will issue 12 shares for every 100 shares of Sanghi Industries under a merger scheme. Ambuja Cement said on Tuesday that it will merge its acquired companies— Sanghi Industries and Penna Cement Industries— with…
A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday, said, “This strategic move is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The Central Bank of Nigeria (CBN) has granted approval for a financial accommodation to support the proposed merger between Unity Bank…
In a move to avert potential systemic risks and possible bank failure, the Central Bank of Nigeria (CBN) said on Tuesday that it has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move, according to a statement by the Hakama Sidi…
The Central Bank of Nigeria (CBN) has approved the proposed merger between Unity Bank and Providus Bank, despite a lengthy fraud investigation that followed multiple substantiated allegations of severe compliance failures, extreme financial irregularities and ₦280 billion negative share capital at Unity Bank. The apex bank has also incredibly gifted the new entity a massive…
