TV production giant Banijay to go public via Arnault-backed Spac

French entrepreneur Stéphane Courbit will take his television production company Banijay and online sports gambling group Betclic public via a Spac backed by prominent investors, including Bernard Arnault and Vincent Bolloré. The deal gives the new company, FL Entertainment, an enterprise value of €7.2bn, or €4.1bn in equity value. The shares will begin trading on…

Read More

Novartis integrates pharmaceuticals and oncology, targets savings of $1 billion By Reuters

© Reuters. FILE PHOTO: The company’s logo is seen at the new cell and gene therapy factory of Swiss drugmaker Novartis in Stein, Switzerland, November 28, 2019. REUTERS/Arnd Wiegmann/ ZURICH (Reuters) – Novartis said on Monday it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its structure, targeting…

Read More