News

Abu Dhabi cancels $30bn Santos takeover bid

Abu Dhabi’s $30bn Santos takeover bid scrapped amid concerns over commercial value and regulatory risks before final offer deadline

Published

5 hours ago

September 18, 2025

Ahron Young

Abu Dhabi’s $30bn Santos takeover bid scrapped amid concerns over commercial value and regulatory risks before final offer deadline

In Short:
– Abu Dhabi’s $30 billion Santos takeover was abandoned just before a binding offer.
– Concerns over commercial value and regulatory issues prompted the withdrawal.

Abu Dhabi’s $30 billion takeover of Santos has been unexpectedly abandoned just 48 hours before a binding offer was set to be made.

The XRG consortium, which includes the state-owned oil and gas operator ADNOC and US private equity partner Carlyle, recently proposed an $8.89 per share offer after months of due diligence.

However, they cited concerns over commercial value as the reason for withdrawing their offer.In a statement, XRG confirmed it would not proceed with a binding offer for Santos but expressed a positive outlook regarding the company’s business.

Santos chairman Keith Spence reassured investors about the company’s strategy and leadership, emphasizing that the board is focused on long-term value.

Strategic Challenges

Several issues, including regulatory hurdles and potential delays, prompted XRG’s decision. Australian unions raised concerns about the impact of foreign investment on local jobs.

XRG acknowledged the Santos management’s support during the process and expressed hope for ongoing collaboration in Australia’s energy sector.

News

King Charles hails UK-US partnership at state banquet

King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS

Published

1 hour ago

September 18, 2025

ticker NEWS

King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS

At Windsor Castle, King Charles opened the state banquet with a speech celebrating the enduring partnership between the UK and the US.

He praised shared commitments to peace, the environment and trade, noting progress under President Trump’s administration.

#KingCharles #Trump #StateBanquet #UKUS #TickerNews

News

Disney cancels Jimmy Kimmel’s show after controversy

Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death

Published

3 hours ago

September 18, 2025

Ahron Young

Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death

In Short:
– Disney has indefinitely removed Jimmy Kimmel’s show after FCC Chairman Brendan Carr’s criticism of his comments.
– ABC station owners plan to drop the show due to offensive remarks made regarding political reactions to Charlie Kirk’s death.

Entertainment giant Disney has decided to indefinitely pull Jimmy Kimmel’s show from the schedule.

It action follows criticism from Federal Communications Commission Chairman Brendan Carr regarding Kimmel’s recent comments.“ABC spokeswoman confirmed the decision on Wednesday,” reported Joe Flint. Several ABC station owners, including Nexstar Media Group, have indicated their intention to drop the show due to Kimmel’s remarks.

Kimmel, known for his criticism of former President Trump, made controversial statements about political reactions to the death of Charlie Kirk during his Monday night show.

He expressed concerns that some were attempting to exploit Kirk’s death for political gain, specifically mentioning Vice President JD Vance and others associated with the ‘MAGA’ movement.

Remarks Controversy

Nexstar’s president, Andrew Alford, commented that Kimmel’s statements were “offensive and insensitive” and do not represent the views of their communities amid current national discussions.

News

Fed cuts interest rates by a quarter-point

Federal Reserve cuts interest rates, signaling potential future reductions amid concerns over slower employment growth. #FederalReserve #Economy #Jobs

Published

3 hours ago

September 18, 2025

ticker NEWS