LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Richemont in bid for Net-a-Porter: reports
LONDON (Reuters) - Swiss luxury goods group Richemont (CFR.VX) has bid to acquire Net-a-Porter in a deal which values the UK online fashion retailer at about 350 million pounds ($531 million), newspapers said on Sunday.
The Sunday Telegraph said a deal was expected to be announced this week, while the Sunday Times said detailed discussions were underway but a deal has not yet been agreed.
Richemont already owns a 29 percent stake in Net-a-Porter and is looking to acquire the remainder of the company from other shareholders including founder Natalie Massenet, said the papers.
Richemont declined to comment on the reports and no one was immediately available at Net-a-Porter to comment.
(Reporting by Sarah Young; Editing by Greg Mahlich)
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