Energy US private equity group buys UK power plant giant for £1.75bn ContourGlobal, the UK power plant owner, has agreed to be taken over by KKR, the New York-based private equity giant, for £1.75 billion after an underwhelming four-and-a-half-year stint on the public markets. The FTSE 250 company said its board intended to recommend the “fair and reasonable” all-cash acquisition at 263.6p a share, a 36 percent […] May 18, 2022
Tech Timeline: Elon Musk hits pause on Twitter deal Elon Musk on Friday put his $44-billion Twitter offer on temporary hold, sending the shares of the social media company into a tailspin. And on Saturday, Musk tweeted that the Twitter legal team told him he violated a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users […] May 16, 2022
People & Lifestyle Biden sends all-star team to UAE to repair frayed ties President Joe Biden is sending an all-star US delegation to the United Arab Emirates on Monday to offer condolences after the death of its ruler, in an apparent bid to step up efforts to repair frayed ties with Gulf Arab allies. Washington’s desire to improve ties with Gulf monarchies has gained renewed urgency following Russia’s […] May 16, 2022
