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June 14, 2022

In this week’s FB Roundup, Mukesh Ambani makes a £5 billion bid to buy Boots; Billionaire Joe Tsai invests millions in Just Women's Sports; and Patrick Drahi’s proposed takeover of BT is expected to be blocked by the UK government.

Mukesh Ambani makes £5 billion bid to buy Boots
Indian billionaire Mukesh Ambani has teamed up with American private equity company Apollo Global Management to make a £5 billion tender for the UK pharmacy retail giant Boots.

Ambani, who is the richest person in Asia and the seventh richest in the world (according to Forbes), has been working on a potential buyout for the high street chain since April through his Reliance Industries firm and is now placed for a formal takeover.

June 19, 2019

Telecoms billionaire Patrick Drahi buys Sotheby’s, Mulliez family buy stake in Kenya’s Twiga Foods, and US heiress Gloria Vanderbilt dies aged 95.

Telecoms billionaire Patrick Drahi buys Sotheby’s

Patrick Drahi, founder and chairman of telecoms giant Altice, is buying Sotheby’s auction house in a deal worth $3.7 billion, taking it private after more than three decades as a public company.

In a statement, New York-based Sotheby’s, which celebrated its 275th anniversary this year, said it had accepted an offer from BidFair USA—Drahi’s holding company.

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