American investment firm Hellman & Friedman has kicked off a bidding war for Australia’s Fairfax Media by making a multi-billion-dollar offer to rival private equity company TPG Capital’s proposal, the publishing giant said Thursday. Hellman & Friedman — former owners of US multimedia company Getty Images and German publisher Axel Springer — made an offer … Read more
Team principals said Friday former powerbroker Bernie Ecclestone still had a role to play in Formula One following the high-profile takeover of the sport by Liberty Media. Ecclestone’s time as the colourful ringmaster of Formula One was effectively finished in January when US-based Liberty Media completed its takeover of motorsport’s most prestigious brand in a … Read more
HODA Holdings Ltd. has launched the Duffuor Foundation as part of efforts to continue prioritizing its commitment to social development. The event took place during the HODA Holdings Ltd. 8th Annual Thanksgiving Service held to usher in the new business year. The Duffuor Foundation’s primary aim will be to connect directly with the less privileged … Read more
Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect’s trade agenda, earned his fortune in part by running businesses that have offshored thousands of U. S. jobs, according to Labor Department data attained by Reuters. As a high-stakes investor a decade ago, Ross specialized in turning around troubled manufacturing companies at a … Read more