On August 19, Ferrovial (NASDAQ:FER) announced it had been selected to deliver the I-24 Southeast Choice Lanes, a 26-mile project running between Nashville and Murfreesboro. It is the largest single capital investment in Tennessee's history and the state's first public-private partnership. The price tag is $9.2 billion, though Ferrovial isn't carrying it alone, since its DriveTN consortium also counts Transurban and Tikehau Star Infra as partners.
Choice lanes are familiar ground for Ferrovial, which has replicated the model in Washington, D.C., Charlotte and Dallas-Fort Worth. On Virginia's 66 Express corridor, similar lanes shaved up to 50% off peak-hour travel times. That is the pitch for I-24, a stretch of highway that already ranks among the region's most jammed: drivers who opt in get steadier speeds, and those in the free lanes should see less traffic too.
The business behind the bid looks healthy, too. Ferrovial's July 28 results showed adjusted EBITDA up 21.6% on a like-for-like basis to €746 million over the first six months of the year, with U.S. highways doing most of the lifting. Those roads are sending cash home as well, since Ferrovial received €357 million in dividends from North America. And the construction order book reached an all-time high of €18 billion, so plenty of work is already in hand. The pipeline keeps filling: Ferrovial bid on I-285 East in Georgia in July, and its D35 Highway bid in the Czech Republic was the most cost-effective submitted, with technical evaluation still underway.
Beyond the roads, the balance sheet looks sturdy. Ferrovial ended the first half with €1.3 billion in net cash, excluding infrastructure projects, meaning cash outweighs debt outside those projects. The airport arm is progressing too: Ferrovial has finished funding the $1.1 billion in equity it pledged for New Terminal One at JFK, and construction there is 92% complete.
Start with the line that looks worst on the page. Net profit for the first half of 2026 came in at €258 million, versus €540 million for the same period of 2025. That earlier figure included capital gains from ******* et rotation, which makes the comparison harsh, but the mismatch is still there: EBITDA climbed while reported profit fell.

#first #million #choice

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Two recent road projects have been turning heads in the construction industry, and they have something interesting in common.
Both the $9.2 billion Interstate 24 Southeast Choice Lanes project in Tennessee and the $4.6 billion state Route 400 Express Lanes in Georgia use concessions, which allow a consortium in a public-private partnership to benefit from future use fees, such as revenue from tolls.
In exchange, the consortium puts forward a significant amount of cash to design, build, operate and maintain the roadways. For contractors, being a part of a consortium can potentially give them stable work and revenue for decades.
For example, in the case of the Georgia state Route 400 project, the consortium is Peach Partners, comprising Acciona Concessions, ACS Infrastructure and Meridiam, which will deliver and maintain the project under a 56-year public-private partnership. The consortium is providing a $3.8 billion concession fee to the state's DOT to help fund other roadway projects as part of the P3 to design, build, operate and maintain the express lanes, per the U.S. DOT.

#consortium #lanes #route

On August 5, Clear Channel Outdoor Holdings Inc. (NYSE:CCO) reported second-quarter results that showed the billboard and airport advertising company accelerating just as it prepares to leave the public markets. On February 9, Clear Channel agreed to be acquired by an investor consortium advised by Mubadala Capital for $2.43 per share, a deal stockholders approved on May 12, and one expected to close by the end of the third quarter of 2026. Because of the pending Merger, Clear Channel skipped its usual earnings call and offered no forward guidance.
Consolidated revenue climbed 8.7% to $438.0 million in the quarter and 10.2% to $811.9 million over the first half, with the 2026 FIFA World Cup pulling in extra advertising spend across both of Clear Channel's segments. The America division, which houses the roadside billboard and street furniture business, grew revenue 7% to $324.3 million as demand from technology advertisers in the San Francisco/Bay Area market broadened out and digital billboard revenue rose 7.2% to $122 million. Airports revenue jumped 14% to $113.6 million, helped by strong demand at San Francisco
International Airport and digital sales that climbed 15.6% to $73.4 million, with national advertisers now accounting for 57.8% of that segment's revenue. Profitability grew even faster than the top line. Adjusted EBITDA rose 11.6% to $143.4 million for the quarter and 19% to $247.3 million for the first half, while Airports Segment Adjusted EBITDA jumped 22.8% to $29.9 million. Adjusted Funds From Operations climbed 61.6% to $44.9 million in the quarter, and for the first half it went from just $5 million a year ago to $51.5 million. On August 4, Clear Channel also closed the sale of its Spain business for about $132.3 million, proceeds it plans to put toward paying down debt.
The growth did not reach the bottom line. Clear Channel posted a loss from continuing operations of $10 million in the quarter, reversing a $6.3 million profit a year earlier, and the consolidated net loss came to $5 million versus net income of $10.6 million in the same period of 2025. Over six months, the loss from continuing operations widened 21.4% to $59.4 million. Costs rose alongside revenue. Direct operating and SG&A expenses increased 5.9% for the quarter, and Airports site lease expense alone jumped 12.0% to $67.1 million on higher minimum guaranteed payments and the renewed contract with the Metropolitan Washington Airports Authority.

#channel #revenue #airports #operations

Liverpool are going to be buying another defender in the near future.
Everything is gearing up for the departure of Virgil van Dijk. He is entering the final year of his contract at Anfield. Liverpool decided to extend his deal last year.
However, with Van Dijk set to turn 36-years-old next summer it's really hard to see Liverpool's board extending his stay even further than his current terms.
Obviously, at this stage anything can happen. A lot will depend on the new direction the club is going to take. Especially in terms of who the new sporting director will be and just how involved the new consortium led by Amit Bhatia who now own 33% of Liverpool are going to be as well.
But the truth is the foundations are there for Liverpool to succeed Van Dijk.

#year

For years, the world's largest banks watched stablecoins from the sidelines, treating them as a threat to deposits and traditional payment rails. That era appears to be over.
A consortium of 21 financial institutions, including Goldman Sachs, Bank of America, Citigroup, Deutsche Bank, UBS, Wells Fargo, Barclays and Santander, is planning to form a company that would issue a stablecoin pegged to the U.S. dollar, with a launch targeted for the first half of 2027, according to Reuters.
A stablecoin is a digital token designed to hold a steady value, typically backed one-to-one by a traditional currency like the U.S. dollar, and used for payments, trading and moving money across borders.
Related: 50 major hacks cost crypto investors $136M in August
The effort started smaller.

#goldman #sachs #wells

SCARDOVARI, Italy (AP) — Italian fishermen for two years incinerated most of the invasive Atlantic blue crabs caught in the Po River Delta south of Venice. Few Italians had an appetite for the alien predator blamed for decimating their prized Manila clams.
While experiments in containment continue, including the release of tens of thousands of octopus predators, the industry's response has been shifting to find new markets for the crustaceans. The strategy is already salvaging the livelihood of some fishermen and, some hope, may even rehabilitate the much-maligned crab's image in Italy.
Like other members of his local cooperative, second-generation fisherman Federico Zago saw his income crash after the crab invasion. The Polesine Fishermen's Cooperative Consortium's revenues fell 75% to 15 million euros ($17 million) in 2024 and 2025; the cooperative's active members also shrank from 1,500 to 850.
"We needed to change strategy, and create an opportunity from this disaster," said Paolo Mancin, the cooperative's president.
Desperate, they pivoted to exporting the unwanted crabs, with the aim of preserving the Manila clams — invasive themselves — and mussels that created decades of prosperity in the shallow lagoons of Veneto and Emilia Romagna.

#manila #million

The AA, Britain's largest and most historic motoring organisation, has held talks about a potential sale to Allianz for £5bn.
The German insurance giant has entered the race to acquire the AA after the company's private equity owners put it up for sale late last year.
TowerBrook Capital Partners, Warburg Pincus and Stonepeak are currently part of a consortium that own the self-styled "fourth emergency service".
A potential sale to Allianz, which was was first reported by Sky News, would see one of the UK's best-known heritage brands passing into German control.
Swedish private equity giant EQT is also reportedly considering a bid.

#Potential #towerbrook

Associations that represent banks scattered across U.S. states are planning to launch their own blockchain network.
A consortium of 39 state banking ******* ociations plans to launch a new bank-run blockchain network to facilitate financial innovations, including tokenized deposits and stablecoins.
The 39 ******* ociations have signed onto the "BankChain Alliance" that aims to build the blockchain network by 2027.
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Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins

#associations

ADNOC has awarded McDermott a contract worth more than $1 billion for a major offshore pressure-boosting facility at Abu Dhabi's Umm Shaif field, as the UAE accelerates investment in natural gas production.
The engineering, procurement, construction and installation contract covers Package 4 of ADNOC's Umm Shaif Integrated Gas Cap and Surface Pressure Boosting Project. McDermott and its Qingdao McDermott Wuchuan consortium will construct and install a new jacket and topside while modifying existing offshore infrastructure.
McDermott did not disclose the exact contract value but classified it as a "mega" award, which the company defines as exceeding $1 billion. The company said the completed topside will be among the heaviest offshore modules ever installed in the Middle East.
The contract follows ADNOC's $6.2-billion final investment decision in July to develop the Umm Shaif Gas Cap alongside TotalEnergies, Eni and China National Petroleum Corporation. The wider project includes three EPC contracts worth a combined $5.1 billion and a 14-well drilling program.
ADNOC expects the development to unlock more than 600 million standard cubic feet per day of natural gas and ***** ociated liquids, equivalent to roughly 10% of current UAE domestic gas consumption. First production is targeted for 2030.

#mcdermott

ExxonMobil (NYSE: XOM) recently warned Kazakhstan that the Central Asian nation's largest oil field, Tengiz, will hit its production peak next year. Worse yet, output from the field will begin to decline. Exxon estimates it will fall nearly 40% by 2035 to around 500,000 barrels per day (bpd). That also has implications for Chevron, as it helped develop the field through its 50% interest in the Tengizchevroil (TCO) partnership.
However, while Tengiz is about to plateau and decline, that's not a crisis for ExxonMobil. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Even though output at Tengiz is about to peak and start declining, Exxon has another opportunity in Kazakhstan: Kashagan. The giant offshore field in the Caspian Sea is operated by a partnership that includes Exxon, Shell, TotalEnergies, and others. Exxon sees the potential for an $80 billion joint investment to develop the western part of the field. This expansion could produce up to 600,000 bpd.
However, the field is part of a long-running dispute between Kazakhstan and the operating consortium. Kazakhstan levied a $5 billion environmental fine that the field's operator hasn't paid. Additionally, the government says the partners owe it $150 billion for lost revenue due to development delays, a claim currently before international arbitration. Exxon and its partners won't invest the capital needed to boost production in this field until they resolve the dispute with the government.

#billion

A Bloomberg report on August 18 revealed that BP plc (NYSE:BP) has become the latest foreign company to enter the Venezuelan oil trade, with the tanker Monte Lema loading 400,000 barrels of heavy fuel oil for the British energy giant. The oil is being supplied by the state-owned PDVSA. The strategic move places BP among a select group of companies, including trading giants Trafigura and Vitol, with direct access to Venezuelan oil.
The development comes a few days after it was announced that the London-based company would partner with two other firms to develop the second phase of the Loran gasfield, in one of the first large-scale foreign investments in the South American country since the ouster of Nicolás Maduro earlier this year. That said, while the consortium has secured the official exploration and production license, the project remains in the pre-FID phase.
The developments come after President Trump called for global oil companies to invest in Venezuela and help restore and modernize its dilapidated oil infrastructure. The South American nation is sitting on the largest proven crude oil reserves in the world, accounting for roughly 17% of the global total. However, the oil-rich country's government nationalized major heavy oil projects in 2007, forcing foreign operators into minority stakes or outright seizing their **** ets.
As a relatively early mover, BP plc (NYSE:BP) stands to gain a lot from a gradual revival of Venezuelan oil output. The company appears to be positioning itself across multiple areas of Venezuela's energy value chain – from exploration to production, to trading and international marketing. It means that the energy giant could benefit from the country in many ways as it reconnects with global energy markets.
Moreover, BP's entry into the Venezuelan oil trade could give it an opportunity to capture trading margins in addition to upstream earnings. This could be particularly beneficial for the company as it could potentially leverage its already existing refining, marketing, shipping, and trading infrastructure in the region. Although Trafigura and Vitol have an early foothold in Venezuela's oil trading business, BP's large integrated energy business gives it a significant competitive edge.

#energy #company #vitol

Peltz's Trian, holding a combined 24% stake in $WEN, is reportedly ***** embling a take-private consortium with BlueFive Capital and franchise giant Flynn Group.
$QSR is the only major burger operator in positive territory, up 14% year to date, while $MCD and $JACK have each dropped 12%.
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Shares of Wendy's (NASDAQ:WEN) are up 5% to $8.88 in midday trading Wednesday after reports that Nelson Peltz's Trian Fund Management is ***** embling a consortium to take the company private. Adding to the catalyst, the burger chain confirmed it is reviving its chief operating officer role as part of a broader management reset.
Wendy's stock was up 5% year to date through Tuesday's close, an unusual gain given deteriorating same-restaurant sales and a withdrawn 2026 outlook. The rally reflects deal speculation rather than a change in the operating story, with investors treating this as a special situation.

#trian #assembling #year #operating

On August 17, Nvidia (NASDAQ:NVDA) agreed to guarantee up to $105 billion to help OpenAI lease a massive data center in Pike County, Ohio, being developed by SoftBank-owned SB Energy. The site could reach 8 gigawatts of capacity, with the first 800 megawatts due online in 2028, and OpenAI has signed on for 20 years. Nvidia will also put $1.5 billion directly into SB Energy and will be the facility's exclusive chip supplier. It's the latest example of the company financing the very infrastructure that runs its own chips, a habit that keeps expanding even as it keeps drawing scrutiny.
The idea behind the guarantee is that Nvidia is using its balance sheet to lock up long-lived sites where its chips can run across multiple hardware generations, and the numbers behind that bet keep climbing. Revenue growth is expected to accelerate toward 97% this quarter, up from 85% the quarter before, as the company rolls out its new Rubin platform. Jensen Huang has floated $1 trillion in combined revenue across 2026 and 2027, which implies roughly $600 billion in fiscal 2028 alone. Demand isn't limited to hyperscalers, either.
SpaceX has said it will build its AI infrastructure exclusively on Nvidia chips, targeting 10 gigawatts of compute by the end of 2027, a build-out estimated to cost $150 billion to $250 billion. Add in the four largest hyperscalers, expected to spend roughly $700 billion on AI chips this year, plus a possible OpenAI or Anthropic IPO that could free up even more capital, and the picture is a company still early in monetizing an entire computing shift. The Ohio guarantee, paired with the $500 billion financing consortium Nvidia formed with six major financial institutions the week before, fits that same playbook: widen the pool of customers locked into its hardware so no single client's slowdown can shake the business.
The obvious pushback is circularity. Nvidia is effectively helping fund a customer's ability to buy Nvidia chips, first through the $500 billion consortium with BlackRock, Blackstone, KKR, Apollo, Brookfield and Goldman Sachs, and now through a direct guarantee tied to OpenAI's Ohio lease. Huang insists this isn't circular financing, but the plan to securitize AI infrastructure into a tradable ******* et class invites comparisons to how mortgage pools were packaged before 2008. Nvidia's exposure here isn't unlimited. It covers a portion of lease and power payments and a minimum-value commitment on the site, not the full $105 billion or all of OpenAI's obligations. But if OpenAI defaults, Nvidia still absorbs the difference between that floor value and whatever the site fetches if it's re-leased or sold.

#openai

Standard Life has agreed to a partnership with a consortium of investors to expand its pension risk transfer (PRT) business, with a combined initial capital commitment of up to $2.72bn (£2bn).
The consortium consists of CVC Capital Partners, Prudential Financial (PFI), Goldman Sachs and MS&AD Insurance Group, together with other long-term institutional investors.
Capital will be drawn over five years, subject to regulatory approval.
The partnership is designed to allow Standard Life to support a wider range of defined benefit (DB) schemes including the "largest and most complex".
Of the total £2bn commitment, £500m will be provided by Standard Life, funded through yearly excess cash generation, while the balance will come from the consortium, led by CVC and PFI.

#financial

When it was revealed on Tuesday that Fenway Sports Group (FSG) had actually sold about 38% of Liverpool to 1892 Holdings, there was certainly an element of confusion.
On Friday, the understanding was that the Jeff Bezos-backed consortium had purchased about a third of Liverpool - and BBC Sport was informed that speculation placing the investment in the range of approximately 30% to 33% was "directionally accurate".
So why was a different figure reported just four days later?
FSG's policy is not to publicly disclose precise ownership stakes but, with numbers circulating before the official announcement, the Boston-based conglomerate was keen to indicate what was being reported was in the right territory, rather than simply referring to it as a "minority investment".
The chain of events, though, has led to some at Liverpool privately asking why FSG was not more transparent, seeing the confusion as unnecessary.

#fenway #holdings

When it was revealed on Tuesday that Fenway Sports Group (FSG) had actually sold about 38% of Liverpool to 1892 Holdings, there was certainly an element of confusion.
On Friday, the understanding was that the Jeff Bezos-backed consortium had purchased about a third of Liverpool, and BBC Sport was informed that speculation placing the investment in the range of approximately 30% to one-third was "directionally accurate".
So why was a different figure reported just four days later?
FSG's policy is not to publicly disclose precise ownership stakes, but with numbers circulating from various outlets before the official announcement on Friday, the Boston-based conglomerate was keen to give some sense of scale and indicate that what was being reported was in the right territory, rather than simply referring to it as a 'minority investment'.
When it was confirmed the minority stake purchased was closer to 40% there was a perception that the club were downplaying the investment.

#Friday #minority

The consortium including Amazon founder Jeff Bezos actually bought 38 percent of Liverpool from Fenway Sports Group.
1892 Holdings, a group led by Amit Bhatia and also including Facebook co-founder Eduardo Saverin, were thought to have acquired between 30 percent and one third of the club.
Their purchase of shares, for more than £1.5bn, came as Liverpool were valued at over £5bn.
The deal also includes a framework for future investment by 1892, although neither they nor FSG are committed to it.
Bezos, with an estimated worth of $270bn, is one of the world's richest men while Saverin and the Indian steel magnate Lakshmi Mittal, Bhatia's father-in-law, are both also reportedly worth more than $30bn.

#group #founder #jeff

Sheffield United's owners face a winding-up order in the High Court on Wednesday which could mean the club incur a 12-point deduction in the Championship this season.
The case is related to the purchase of the club in December 2024 by COH Sports Bidco Limited (CSBL), an American-based consortium.
CSBL agreed to buy the Blades for just over £100m but, according to the club's former owners United World, still owes more than £35m from the deal.
The winding-up petition was filed against CSBL - not the football club - on 8 July, and is due before the High Court on Wednesday.
If the £35m is not paid, or an agreement is not reached, CSBL could be wound up.

#court #owners #winding #december

It's been revealed that the Amit Bhatia-led consortium which has recently invested in Liverpool Football Club purchased a significantly larger stake than initially reported.
The Merseyside club confirmed last Friday that current owners Fenway Sports Group (FSG) had sold a minority stake to 1892 Holdings, with The Athletic reporting that sources with knowledge of the transaction estimated the purchase to have been approximately 30%.
However, the same outlet has now indicated that the consortium – which also includes Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin – has actually bought a much larger share in LFC.
On Tuesday lunchtime, The Athletic reported that FSG sold 38% of Liverpool FC to 1892 Holdings, as confirmed to the publication by sources with knowledge of the deal, who spoke on the condition of anonymity.
Initial suggestions on both sides of the transaction had initially indicated that the stake purchased was closer to the 30%-33.3% bracket.

#holdings #consortium

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Shares of Wendy's Co. jumped Wednesday after the Financial Times reported that activist investor Nelson Peltz is laying groundwork for a bid to take the fast-food chain private.
According to the report, Peltz's Trian Fund Management is **** embling a consortium that could include BlueFive Capital and Flynn Group, one of Wendy's largest franchisees.
A formal bid could land within weeks, though the timeline may shift or an offer may never materialize.
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#wednesday

Liverpool's decision to sell a minority stake to a consortium of financial heavy hitters including Amazon founder Jeff Bezos is the latest move in the battle for supremacy between the American owners in the Premier League.
Just four months after ******* nal won the Premier League under the ownership of US billionaire Stan Kroenke, Liverpool's hierarchy have opted for outside investment in a bid to regain the crown.
Armed with the cash generated by selling around a third of the club to Bezos and company, Liverpool will seek to dethrone ******* nal and claim a record 21st English ******* le.
Joining the fight for Premier League bragging rights are Manchester United, majority-owned by US family the Glazers and Chelsea, whose ownership group is headed by American Todd Boehly.
Aston Villa, last season's Europa League winners, are among six other Premier League clubs in which Americans hold ownership stakes.

#league #premier

The consortium, including Jeff Bezos, has reached a definitive agreement to buy a minority stake in Liverpool from majority owners Fenway Sports Group for more than £1.5bn.
1892 Holdings, led by former QPR director Amit Bhatia and including Amazon owner Bezos and Eduardo Saverin, one of the founders of Facebook, will have a share of between 30 per cent and one-third in the Premier League club.
FSG will retain operational control and run day-to-day operations, with no change to the leadership to the club. John W Henry remains principal owner, Tom Werner chairman and Mike Gordon president while the club's strategy and broader principles remain the same.
Jeff Bezos has a wealth of roughly $270bn (AFP/Getty)
While Bezos is one of the world's richest men, with a wealth of roughly $270bn, there will not be a change to Liverpool's transfer budget or policy, with no new funds for manager Andoni Iraola as he looks to bolster his squad. The club are also bound by financial sustainability rules while transfer decisions remain up to the club's sporting side, led by director of football Richard Hughes.

#including #director #change #wealth

A consortium spearheaded by Amit Bhatia, featuring the founders of Facebook and Amazon, finalized an investment agreement with Fenway Sports Group for a 30% stake in Liverpool FC, believed to be valued at approximately £1.4 billion ($1.9 billion) on Friday.
While former Queens Park Rangers director Bhatia ******* umes the new role of vice-chairman at Liverpool, it is understood that Amazon founder Jeff Bezos, the consortium's most prominent figure, will not hold a seat on the restructured board.
Bezos ranks as the third-wealthiest individual on the planet with an estimated fortune of £204 billion ($276.1 billion) and serves as the lead investor from the K5 Sports fund within the 1892 Holdings group, which has acquired roughly a third of the shares at Anfield, as per the Liverpool Echo.
-Credit:Adam Jacobs, Getty Images
Instead, Bryan Baum, the managing partner of K5 Global, will represent Bezos on Liverpool's newly configured board of directors.

#amit

Supporters' group Spirit of Shankly has written to Liverpool to stress the ownership and control of the club is "fundamental to us all" with Amazon founder Jeff Bezos part of a consortium understood to be closing in on a deal to buy a significant minority stake.
Bezos, one of the three richest men in the world, has no prior experience of investing in a sports team, although he was linked with a takeover of NFL side Washington Commanders and previously Seattle Seahawks.
His estimated personal wealth of £210 billion ($283.5 billion) – he also owns The Washington Post and ***** e exploration company Blue Origin – is more than enough to buy Liverpool outright but he is part of a group that includes Eduardo Saverin, co-founder of Facebook, and is headed by Amit Bhatia, the son-in-law of Indian steel magnate Lakshmi Mittal.
Bhatia is the only major player who has any history of operating a sports business, having stepped down as co-owner and director of QPR last month after 18 years.
Spirit of Shankly wrote to Liverpool asking for more clarity and a meeting to discuss the potential changes.

#shankly #sports

Football finance expert Stefan Borson says the consortium comprising of billionaire Amazon founder Jeff Bezos, British-Indian millionaire businessman Amit Bhatia and Facebook co-founder Eduardo Saverin is "one of the wealthiest to have ever gone after a football club".
BBC Sport has been told the group have advanced its talks to buy about a 30% stake in Liverpool.
Owners Fenway Sports Group (FSG) confirmed last month that the group had "expressed interest in making a strategic minority investment in Liverpool Football Club".
"I don't think there's any suggestion of a full sale yet," said Borson on BBC Radio 5 Live's Monday Night Club. "But we have to be realistic.
"It is one of the wealthiest consortium's that have ever gone after a football club.

#gone

Liverpool FC supporters group Spirit of Shankly (SoS) has written a letter to the club to seek 'further information and greater clarity' on prospective investment in LFC from a consortium involving Jeff Bezos.
On Monday, Sky News reporter Mark Kleinman broke the news that the group of potential investors (led by Amit Bhatia and also including Facebook co-founder Eduardo Saverin) is nearing a deal to purchase a stake of approximately one-third in the Merseyside club.
Communicating via its official website, SoS confirmed that it has written to Liverpool FC with five key questions regarding the potential sale of a stake in the club:
When is the ownership expecting to conclude a potential sale?
What will the purchasers get in return – board seats, level of involvement in the control of the club on and off the pitch, dividends or other financial returns?

#Liverpool #written #stake #jeff

Electronic Arts announced the completion of its acquisition by a consortium comprising Saudi Arabia's Public Investment Fund, private equity firm Silver Lake, and Affinity Partners, the investment firm led by Jared Kushner. The deal, valued at $55 billion, closed on Tuesday, according to CNBC.
EA shareholders received $210 in cash per share. The company's stock has ceased trading and has been delisted from Nasdaq, EA said.
The consortium's agreement to acquire the Redwood City, California-based video game maker was first announced on September 29, 2025, and EA stockholders approved the deal at a special meeting on December 22, 2025.
Andrew Wilson, chairman and CEO of Electronic Arts, said in a statement that the company would "invest boldly, accelerate innovation, and build the next generation of games and experiences" with its new partners.
Turqi Alnowaiser, deputy governor and head of international investments at PIF, noted that the fund had been a minority investor in EA for more than five years. "Entertainment and sports are key areas of strategic focus for PIF, and are among the fastest growing and evolving sectors around the world," he said in a statement.

#electronic #arts #announced #deal

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Madden NFL, the video game that allows you to escape reality by doing things like coaching the Jets to a Super Bowl, now belongs to Saudi Arabia's sovereign wealth fund and, in a small but well-compensated way, the President of the United States' son-in-law.
The Public Investment Fund of Saudi Arabia closed its $55 billion purchase of Electronic Arts on Tuesday alongside Silver Lake and Jared Kushner's Affinity Partners. Shareholders collected $210 a share in cash. EA's stock stopped trading and comes off the Nasdaq, ending a 36-year public run.
It's the largest leveraged buyout in history, a phrase worth sitting with, because the previous record holder was the 2007 buyout of Texas utility TXU, which ended in one of the biggest bankruptcies in American history.
The financing is where this gets video game-level fun. PIF (which already owned roughly 9.9% of EA) borrowed $20 billion from JPMorgan, which also advised the consortium, so JPMorgan earned a fee for recommending the deal and now earns interest funding it. Kushner, who reportedly brokered the introduction between the Saudis and EA, runs a fund that PIF seeded with $2 billion in 2021 over the objections of PIF's own advisers. The money left Riyadh, hired a Kushner, and came home with EA Sports FC and Jedi Survivor.

#billion #public #Stock

Namibia is rapidly emerging as Africa's next major oil producer while neighboring South Africa, which controls roughly two-thirds of the same Orange Basin petroleum province, remains years behind in developing essentially the same petroleum system. The Orange Basin, an offshore deepwater petroleum province spanning the Atlantic maritime border between the two countries, is estimated to contain more than 20 billion barrels of oil equivalent. Yet while Namibia has attracted a succession of world-class discoveries and moved rapidly toward commercial development, South Africa has struggled to translate the same geological opportunity into producing **** ets.
TotalEnergies' (NYSE:TTE) deepwater Venus Project in offshore Namibia now targets an initial production capacity of roughly 150,000 barrels of oil per day, with first oil aimed for 2030. Venus-1X is estimated to contain 1.5 billion barrels of light crude and 4.8 trillion cubic feet of gas. TotalEnergies has also taken over operations of the massive Mopane discovery from Portugal's Galp Energia (OTCPK:GLPEF).
Last month, Shell Plc (NYSE:SHEL) and its JV partners reported a major oil discovery at the Merlin-1X exploration well within Petroleum Exploration Licence 39 (PEL 39). Located in Namibia's Orange Basin roughly 290 kilometers off the coast, the resource has recoverable reserves estimated at 750 million barrels for Phase 1. The success of Merlin-1X marks a critical turnaround for the consortium.
In early 2025, Shell booked a $400 million impairment on its Namibian offshore portfolio following engineering hurdles at older discovery wells with complex geology and high gas-to-oil ratios, including Graff-1X and Jonker-1X. Those challenges had initially slowed commercialization plans, but the Merlin-1X discovery has significantly improved the outlook for the company's Namibian acreage.
Related: Harold Hamm Bets Bigger on Argentina's Vaca Muerta Shale Boom

#petroleum #orange #roughly #offshore

Daniel Kretinsky has made a decisive move in the battle for control of West Ham United, setting up a major ownership showdown that could block Amanda Staveley's planned investment in the club, The Times reports.
Staveley's consortium recently agreed a £150 million deal to buy the 25.1% stake owned by the family of the late David Gold.
However, under West Ham's shareholder agreement, the current shareholders have the right to match that offer before any outside buyer can complete a purchase.
Kretinsky has now moved to strengthen his position.
The Czech billionaire, who is also the club's co-chair, has reduced his own shareholding from 27% to below 25% by agreeing to sell more than two per cent to Czech entrepreneur Jakub Havrlant.

#Gold #however