Entain PLC has agreed to sell a 20% stake in its Central European business for £366 million to joint venture partner EMMA Capital, reducing its holding to 47.5%. The deal values the business at about £1.9 billion, around 10 times EBITDA, higher than Entain's overall valuation of 6.3 times forecast 2026 EBITDA, suggesting the group is undervalued. Proceeds will be used to cut debt, lowering leverage and saving about £20 million in annual interest, with management aiming to eventually exit the Central European business fully. This improved balance sheet may support a share buyback from the end of the 2027 financial year.
Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...
Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...
Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...
The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...
Industrial Development Funding (IDF) and Oaktree have committed $1.7 billion to support Bloom Energy's fuel cell technology for building AI cloud infrastructure for Nebius. This project will provide dedicated behind-the-meter power to meet the high c...
