Saudi Arabia’s Public Investment Fund increases stake in Toei Animation
PIF's stake in the Tokyo-based film and animation firm has risen from 5% to 6.03%.
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PIF's stake in the Tokyo-based film and animation firm has risen from 5% to 6.03%.
The UAE telco acquired a 9.8% stake in Vodafone for $4.4bn in May before increasing its shareholding to 11% last month.
The consortium will join existing StarzPlay Arabia shareholders, including Starz, SEQ Investors, with E-Vision contributing its stake to consortium.
The partnership aims to empower the region to be the global hub of the advertising world.
The stake will be sold for an initial consideration of $165.6m, subject to a customary net working capital and net debt adjustments at the time of completion.
Multichoice confirmed the stake in a stock market filing but said it does not comment on individual shareholder relationships.
AMMROC is a provider of military maintenance, repair, and overhaul (MRO) services in the Middle East region.
The Whisper Group produces sports entertainment shows, including coverage of NFL, the Paralympics, Formula One, SailGP, Women’s Super League, International Cricket and W Series, amongst others.
