Paramount strikes deal to buy Warner Bros Discovery for $110bn

Paramount strikes deal to buy Warner Bros Discovery for 0bn

Paramount has struck a $110bn deal to buy Warner Bros Discovery. The deal was struck after Netflix walked away from a bidding war for the company. Netflix had declined to match Paramount’s latest $31-per-share offer on Thursday – having offered a $27.75-per-share agreement for its studio and streaming assets. Paramount, which is led by billionaire…

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Collapse of UK property lender sends shockwaves through Wall Street

Collapse of UK property lender sends shockwaves through Wall Street

Wall Street lenders are scrambling to understand the extent of losses on billions of pounds they lent to a UK-based mortgage provider that collapsed suddenly amid fraud allegations, reigniting fears of poor underwriting standards in the booming market for asset-backed lending. Firms including Barclays, Jefferies and Apollo’s Atlas SP Partners, its structured credit arm, extended…

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Afghan migrant jailed for raping ‘vulnerable’ woman

Afghan migrant jailed for raping ‘vulnerable’ woman

A migrant from Afghanistan has been jailed for 10 years for the rape of a “vulnerable, intoxicated” woman. Musafar Hotak, 25, was convicted after a trial at Southampton Crown Court of the rape and sexual assault by penetration of the woman in the early hours of 12 July 2022. The court heard that the victim…

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An election that shakes up British politics

An election that shakes up British politics

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British parliamentary by-elections are generally poor indicators of national contests but very good at giving you the state of the parties today.  By that measure Prime Minister Sir Keir Starmer’s Labour government has a great…

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