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Sydney Airport agrees to multi-billion dollar takeover bid

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3 years ago

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Sydney Airport has agreed to a $23 billion dollar takeover bid from an infrastructure investor group

The company says it recommended the buyout offer from Sydney Aviation Alliance, which is made up of Australian investors and US-based Global Infrastructure Partners.

In a statement, Sydney Airport Limited revealed it had entered into an arrangement with an international consortium, which would acquire 100 per cent of the publicly-listed company.

The consortium, named Sydney Aviation Alliance, is comprised of several Australian and international investment and infrastructure funds.

The Sydney Airport board unanimously recommended that shareholders vote in favour of accepting the offer at meetings likely to be held early next year.

Australia’s Competition and Consumer Commission is investigating how the buyout will impact competition.

The commission is due to release its findings next month.

Sydney Airport is the largest, and only listed airport operator in Australia.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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