Saudi Arabia passes four domestic football teams to sovereign fund
Shifting ownership to deep-pocketed PIF puts increased financial firepower behind the sport in the country
Travel & leisure industry
Safran in talks to acquire flight controls unit from Raytheon
Discussions between French and US aerospace and defence groups come as sector grapples with supply chain issues
Mergers & Acquisitions
Rishi Sunak seeks to burnish UK’s global credentials on Washington trip
UK leader will hope to show Britain remains key player in global security and forging AI regulatory framework
Artificial intelligence
Crypto exchange Binance sued by SEC in latest blow from US regulators
Platform alleged to have sent billions of dollars to trading firm owned by chief executive
Financial & markets regulation
Apple: Vision Pro headset looks good but offers no new ideas for VR
The company can afford to try out the technology without betting its future on it
Virtual and Augmented Reality
Commercial broadcasters attack Ofcom advertising proposals
Industry warns ad increases would harm news output and viability of smaller channels
Advertising
Apple unveils Vision Pro ‘mixed reality’ headset
Device will sell for $3,499 and be available ‘early next year’
Virtual and Augmented Reality
Deal drought raises stakes for boutiques
Bankers expect more consolidation if slump in mergers and acquisitions persists
Mergers & Acquisitions, Investment Banking
‘Fear of missing out’ drives retail investors to ride AI wave
Net purchases of US stocks hit highest daily level in three months, VandaTrack data shows
Artificial intelligence
How a £5bn Manchester United takeover could be clinched
Plus, DD breaks down the spate of dealmaking in the boutique advisory space and uncovers another financial twist in the Asda/EG Group saga
Mergers & Acquisitions