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Sunday, August 9, 2020
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DEAL OF THE WEEK

Disney raises its bid for Rupert Murdoch’s Fox Empire to $71 billion

Disney just raised the stakes in the fight for 21st Century Fox. The company sweetened its offer Wednesday — $71.3 billion for Fox's movie studio, along with Fox's (FOX) regional sports networks and cable channels like FX and National Geographic. That's more than the $65 billion...

Nigeria’s Dangote Cement sells 2.3% stake to foreign buyers for $236

Dangote sells 416 mln Dangote Cement shares to foreign buyers * Dangote Cement working to boost minimum share float - source * The cement maker plans to double size of African plant by 2020 (Adds closing share price, stock index) By Chijioke Ohuocha LAGOS, Aug 1...

Glaxo, Pfizer to merge consumer-health businesses for growth

Creation of consumer-health venture aids drug development push Restocking prescription pipelines is a top priority for giants Glaxo CEO Says Pfizer Joint Venture to Strengthen Pharma Pipeline Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that...

Thoughts on Nigeria’s Next Biggest Bank

Access Bank Plc announced recently of a signed memorandum of Agreement with Diamond Bank regarding a potential merger. This is apparently on the back of a competitive process undertaken by Diamond Bank to select a preferred bidder. This deal is impressive and should...

Comcast bids $65 billion for Murdoch’s Fox assets in Disney challenge

Comcast, the parent of CNBC, offered Fox shareholders $35 a share in cash and 100 percent of the shares the company left behind after the deal. The deal is a 19 percent premium to the value of Disney's offer as of noon on Wednesday. The announcement...
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