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June 14, 2018

Comcast bids $65 billion for chunk of Murdoch empire, Mars on a pet care spend up, and IKEA takes India

Comcast bids $65 billion for chunk of Murdoch empire

Comcast has offered $65 billion to buy the majority of 21st Century Fox’s business, in what would be the largest-ever cash deal.

The Roberts family own 33% of Comcast’s voting stock, and 1% of its common stock, while 21st Century Fox (21CF) is controlled by the Murdoch family, who own 39% of the voting stock and 17% of the equity.

November 17, 2017

Family-backed bidders court 21st Century Fox; ESG focus puts Inditex CE on top; and 60 years and billions of potatoes

Family-backed bidders court 21st Century Fox

A number of family and non-family backed media companies have been linked with the potential acquisition of parts of 21st Century Fox, as rumours swirl around the potential break-up of the Murdoch family’s media empire.

September 7, 2016

Prosecutors to question Lotte Group founder; Hanjin chairman pledges $36 million to resolve shipping cargo crisis; and Comcast focus of anti-monopoly investigation after Dreamworks acquisition

Prosecutors to question Lotte Group founder

State prosecutors in South Korea will visit Lotte Group founder Shin Kyuk ho to assess his health condition and decide how best to question the 93-year-old on allegations of tax evasion.

The Lotte Group has been accused of running slush funds worth at least 56 billion won ($50 million) at Lotte Engineering and Construction and restricting business opportunities to the group’s affiliates, according to Korea Joongang Daily.

September 1, 2016

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

The Japanese company owned by the Toyoda family grew by 30% to become the fifth fastest growing portfolio of brands, according to branded business valuation and strategy consultancy Brand Finance.

May 13, 2016

Maersk Line posts huge fall in profit; Three’s takeover of O2 blocked by EU; and Comcast pays founder's widow $490 million to settle

Maersk Line posts huge fall in profit

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, reported a 94.9% drop in profits to $37 million its first quarter, compared to the same period in 2015.

According to the Danish shipping giant, revenue for the first quarter was $4.97 billion, which equates to 20.5% fall over last year.

June 26, 2013

Family business should not be confused with small business in the US

Size matters in the US, which is home to some of the world’s biggest family businesses. The country’s five largest family-controlled firms – Walmart, Ford, Cargill, Koch Industries and Comcast – had combined revenues of $911.9 billion (€694.8 billion) in 2012, more than Indonesia’s GDP.

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

January 20, 2011

Family-controlled media company Comcast announced on 20 January that it has won the approval of US regulators for its merger with NBC Universal, a deal that was first announced more than a year back.

Family-controlled media company Comcast announced on 20 January that it has won the approval of US regulators for its merger with NBC Universal, a deal that was first announced more than a year back.

Comcast will acquire 51% of NBCU, with the remaining being retained by General Electric, which will sell it to Comcast over seven years.

February 5, 2010

Brian Roberts, second-generation head of the family-controlled media company Comcast, defended Comcast’s proposed merger with NBC Universal to US lawmakers yesterday.

Brian Roberts, second-generation head of the family-controlled media company Comcast, defended Comcast's proposed merger with NBC Universal to US lawmakers yesterday.

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