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Family-owned Landmark Communications, the US-based media conglomerate, has confirmed it is putting itself up for sale.

Ford Motor Company has announced that fellow family-owned firm Tata Motors, part of the Tata Group, has been chosen as the highest bidder for its luxury Jaguar and Land Rover brands.

GenSpring family offices, the US-based wealth management firm for ultra high net worth families, has acquired Inlign Wealth Management for an undisclosed sum.

Guler Sabanci (pictured), chairman of Sabanci Holding, has issued an upbeat New Year's address to employees of the family-owned group by claiming revenues will grow by a massive 21% and operating profit will increase by 28%.

Marmon Holdings, an international association that is owned by the Pritzker family and made up of more than 125 manufacturing and service businesses with combined revenues of $7 billion, is to sell 60% of its shares to Berkshire Hathaway, the conglomerate owned and managed by billionaire Warren Buffett, for $4.5 billion.

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