European cable operator Liberty Global said yesterday it had raised its stake in ITV to 9.9% through a hedging deal - but still had no intention of taking over Britain's biggest free-to-air commercial TV firm.
Microsoft Corp. has agreed to invest about $100 million in Uber Technologies Inc. at a valuation of approximately $50 billion, a person with knowledge of the matter said.
Some of the world's biggest oil groups presented a uniformly gloomy picture yesterday as the impact of a steep plunge in crude prices continued to reverberate across the industry.
European regulators on Friday opened an investigation into the impact on competition of FedEx's $4.8 billion deal to acquire TNT Express in the European delivery market.
Microsoft has agreed to invest in Uber, according to people with knowledge of the matter, as part of a funding round that values the ride-hailing company at around $51 billion.