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Reliance, Bodhi Tree set for 60% stake in Disney India merger.
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Fenway Sports Group -backed The Strategic Sports Group , a sports consulting firm, agreed to invest $3bn in PGA TOUR , a professional golf tours organizer.?
“Today marks an important moment for the PGA TOUR and fans of golf across the world. By making PGA TOUR members owners of their league, we strengthen the collective investment of our players in the success of the PGA TOUR. Fans win when we all work to deliver the best in sports entertainment and return the focus to the incredible – and unmatched – competitive atmosphere created by our players, tournaments and partners,” Jay Monahan, PGA Tour CEO.
PGA Tour is advised by Allen & Company LLC. , The Raine Group , McDermott Will & Emery and Wachtell, Lipton, Rosen & Katz (led by Jacob Kling and Matthew Carpenter). Strategic Sports Group is advised by 霍金路伟 and Shearman & Sterling LLP (led by Creighton Condon and Roger Morscheiser ).
V?r Energi , a Norwegian oil and gas company, completed the acquisition of the Norwegian oil and gas assets of Neptune Energy , an oil and gas company, from China Investment Corporation , a sovereign wealth fund, for $2.27bn.
“V?r Energi is one of the fastest growing E&P companies in the world and is on track to nearly double production by end-2025. The acquisition of Neptune Norway is an important step to this end. Neptune Norway’s complementary assets and highly skilled organisation are a perfect fit to V?r Energi. We will work as one strong team, a company committed to delivering high value barrels from one of the most attractive oil and gas regions in the world with low cost and low emissions. The transaction is cash generative from day one supporting attractive and predictable dividends going forward,” Nick Walker, V?r Energi CEO.
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Var Energi was advised by 德勤 , J.P. 摩根 , SpareBank 1 Markets AS , Schj?dt , Capient and White & Case LLP (led by Michael Immordino and Leonardo Graffi ). Neptune Energy was advised by Rothschild & Co (led by James McEwen and Peter Nicklin ). CIC was advised by Advokatfirmaet BAHR AS (led by Thomas K. Svensen and Trond Lingaas ) and 富而德律师事务所 (led by Graham Watson and Alon Gordon ).
Apax , a British private equity firm, completed the acquisition of WGSN , a trend forecasting company, from Ascential – Part of the Informa Group , a British business-to-business media business specialising in exhibitions & festivals and information services, for $848m.
"We are delighted that our colleagues and friends at WGSN can now take an important step under new ownership and embark on the next chapter of their growth. The sale of WGSN completes the execution of the Strategic Review announced in 2023 and highlights our ongoing commitment to deliver value for shareholders. Ascential is now a focussed events-led business, with two of the world's leading event brands supporting our customers to lead their industries and achieve growth. We are more excited than ever about our prospects and confident in our credentials as a high quality, independent UK-listed business," Philip Thomas, Ascential Chief Executive.
Ascential was advised by Deutsche Numis , J.P. 摩根 (led by Bryan Beller ), Rothschild & Co (led by Warner Mandel , Robert Berger and Peter Nicklin ), Slaughter and May , Travers Smith , Fried Frank ?and FTI Consulting (led by Matt Dixon and Edward Bridges ). Debt financing was provided by Deutsche Numis and J.P. 摩根 . Debt providers were advised by Latham & Watkins (led by James Inness ).?Apax Partners was advised by 安永 , Simon-Kucher , 美国银行 , 高盛 and Allen & Overy (led by Jeremy Wilkins and Monika Przygoda ).
CANAL+ Group , a French media and telecommunications conglomerate, offered to acquire MultiChoice Group , a South African pay-TV company. Financial terms were not disclosed.
“We are in a world where we are facing global competitors, most of them from America that have been smart at creating scale through the internet. To face these giants you need to be able to invest in content and technology and to that you need scale,” Maxime Saada, Canal+ chairman and CEO.
Reliance, Bodhi Tree set for 60% stake in Disney India merger.
Billionaire Mukesh Ambani's Reliance Industries Limited is close to merging its India media business with 华特迪士尼公司 , with a 51%-54% stake, a deal that values the US giant's Indian operations at just $3.5bn, Reuters reported.
The valuation of Disney's India unit is sharply lower than the $15-$16bn estimated when Disney acquired it in 2019. Disney's TV and streaming business in India has struggled over the years, with its digital platform facing a user exodus in stiff competition over cricket streaming with Ambani's platform.
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