Sat.Oct 14, 2023

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Jim Ratcliffe closes in on deal for Manchester United stake

Financial Times M&A

Withdrawal of Sheikh Jassim bid clears path for minority investment from Ineos founder

Bidding 111
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Santander prepares $250mn expansion of investment bank

Financial Times - Banking

Spanish lender has embarked on aggressive hiring plan as US rivals prepare for job cuts

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Saudi Arabia-backed mixed martial arts league in talks to purchase rival

Financial Times M&A

Professional Fighters League looks to buy Bellator, as founder Donn Davis goes on acquisition drive

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MiB: Graeme Forster, Orbis Investments

The Big Picture

 This week, we speak with Graeme Forster, a director at Orbis Investments Ltd., which has $34 billion in assets under management. Graeme joined Orbis in 2007 and is responsible for international equity and optimal strategies. Orbis has a unique corporate structure, owned by a not-for-profit foundation as the result of the original founder gifting its value towards philanthropy (similar to Rolex and The Guardian).

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • In the War Against Russia, Some Ukrainians Carry AK-47s. Andrey Liscovich Carries a Shopping List : Kyiv enlisted a Silicon Valley insider to rush consumer-grade tech onto the battlefield. He’s giving a demo of the future of war: the military-retail complex. ( Wired ) • The Wager That Betting Can Change the World : A coterie of tech insiders believe that “prediction