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Hot Off The Wires - 11th November 2020

News


  • Companies badly affected by the fallout from the coronavirus pandemic are looking to raise billions of dollars to take advantage of market optimism that an effective vaccine is close.

  • Wall Street investment firm Apollo Global Management is backing Czech billionaire Karel Komárek’s bid to seize the National Lottery from current operator Camelot.

  • Simon Property Group, America’s biggest mall owner, and Brookfield Asset Management have been given the green light to buy US department store chain JCPenney out of bankruptcy for $1.75bn.

  • Unibail-Rodamco-Westfield, the owner of the Westfield shopping centres, has failed to win shareholder approval for a €3.5bn capital-raising to reduce its debt after an intervention from activist investors.

  • Spotify has agreed to buy podcasting company Megaphone for about $235m.

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What was the loudest sound ever recorded on Earth?

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