The Man behind Wynn Resorts

Las Vegas based Wynn Resorts, the world’s No. 2 Casino Operator made a £5.4 billion takeover approach for Australia’s Crown Resorts owned James Packer. 

Esure founder to make £360m from selling insurance group to US firm

Esure founder Sir Peter Wood will make more than £360m from selling the insurance group to private equity firm Bain Capital in a £1.2bn deal.Shares in the company, which owns Sheilas’ Wheels and GoCompare, shot up more than 30 per cent after the firm revealed it was in talks with US-based Bain.

Spotify takes over podcast firms Gimlet and Anchor

Spotify has bought two podcast firms and plans to spend up to £385m on further acquisitions in an attempt to move beyond its music streaming roots for new growth.The Swedish company has taken over Gimlet, the firm behind a string of popular podcasts including Homecoming, which was adapted into an Amazon TV series starring Julia Roberts.

Aston Martin acquires Morgan Motor Company

Morgan Motor Company, one of the last remaining British-owned carmakers, is to be bought by an Italian investment firm.The 110-year-old firm, based in Malvern, Worcestershire, said it had sold a majority holding to Italy’s Investindustrial, which owns stakes in a broad range of auto brands, including Aston Martin and the motorbike maker Ducati.

Debenhams rejects Mike Ashley’s bid

Debenhams has dismissed a bid for its Danish stores from Mike Ashley as it confirmed plans to raise £200m in fresh loans in a deal that could wipe out shareholders including his Sports Direct group.