The Crown controversy has taken another turn ahead of the arrival of Season 5 this week on Netflix.
Tech investment giant SoftBank sells entire THG stake to Matthew Moulding and Qatar
18.10.2022 - 14:19 / manchestereveningnews.co.uk
A Japanese technology investment giant has sold all its shares in Manchester-headquartered software and retail group THG to co-founder Matthew Moulding and Qatar's sovereign wealth fund.
The deal sees SoftBank make a £450m loss after it bought an 8% holding in THG in May 2021.
In a statement issued to the London Stock Exchange, THG said it will receive £31million in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Mr Moulding, THG's CEO and co-founder, has also agreed to buy the remaining 12.8 million shares.
The move comes after a $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July.
It has also been confirmed that the sale will take place on October 20, priced at 39p. That is below THG's 45p closing price on Monday, October 17.
Mr Moulding said: "I'm delighted to be further increasing my family's stake in THG, continuing our unswerving support following on from other recent share purchases.
"QIA shares the board's vision of the scale of opportunity for THG, building a British global success story in large and growing addressable markets.
"QIA's long-term investment approach is a positive endorsement for the UK as a whole.
"I'm incredibly proud of the progress the team continue to make in each of our major divisions, and believe the uncertain macro-conditions provide an even greater opportunity for THG to further disrupt global beauty, nutrition and technology markets.
"We at THG extend our thanks to Softbank for their support as a financial and commercial partner, and we will continue to benefit from the relationships formed across their
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
deadline.com
05.11.2022 / 15:37
UK Football Commentator Humiliated For Qatar Hypocrisy While Hosting TV Quiz Show – watch
A UK footballer turned commentator has been called out on a TV quiz show for his hypocrisy in taking a World Cup commentary role in Qatar, where he has previously highlighted human rights abuses.
deadline.com
02.11.2022 / 20:55
Sony Pictures Classics Pre-Buys Matt Brown Film ‘Freud’s Last Session’ Starring Anthony Hopkins As Founder Of Psychoanalysis
Sony Pictures Classics has pre-bought rights to the drama Freud’s Last Session, starring Oscar winner Anthony Hopkins (Armageddon Time) and Emmy nominee Matthew Goode (The Crown), from Westend Films and CAA Media Finance.
thewrap.com
02.11.2022 / 19:43
‘Freud’s Last Session’ Starring Anthony Hopkins and Matthew Goode Lands at Sony Pictures Classics
Sony Pictures Classics have acquired from Westend Films all rights in North America, the Middle East, India, Eastern Europe (excluding Russia), Turkey, and worldwide airlines to “Freud’s Last Session,” starring Anthony Hopkins and Matthew Goode, the company announced on Wednesday.The film is directed by Matt Brown (“The Man Who Knew Infinity”) and written by Mark St. Germain (“The God Committee”) based on his play of the same name.The film is described as the following: “On the eve of the Second World War and the end of his life, Sigmund Freud (Hopkins) invites iconic author C.S.
deadline.com
01.11.2022 / 14:29
Former UK Health Secretary Matt Hancock Suspended For Joining ‘I’m A Celebrity… Get Me Out Of Here!’
Former UK Health Secretary Matt Hancock has been suspended as a Conservative MP for being a contestant on I’m a Celebrity…Get Me Out Of Here!.
manchestereveningnews.co.uk
18.10.2022 / 14:19
Global investment giant snaps up Boohoo shares to become second largest backer
A global investment giant has become the second largest shareholder in Boohoo after it snapped up shares in the Manchester-headquartered fashion group.
deadline.com
17.10.2022 / 11:45
Children’s Broadcasting Chiefs Meet At Mip Junior To Discuss Challenges & Seek Alliances As BBC Kids Boss Patricia Hidalgo Backs Commercial Strategy
EXCLUSIVE: Children’s TV bosses from all over the world met at Mip Junior last night to discuss major challenges and seek co-production alliances, as the BBC’s Patricia Hidalgo tells Deadline a commercial strategy is the best way to safeguard kids programing.