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.
Standard Life in talks to buy Newton's wealth arm: report
(Reuters) - Standard Life (SL.L) is in exclusive talks to buy Newton Investment Management's wealth management arm for up to 90 million pounds($140 million) in a deal that could be announced imminently, the Telegraph reported on Wednesday.
The British life insurer's bid for Newton's 3.5 billion-pound wealth portfolio is being led by Richard Charnock, head of its Standard Life Wealth, the Telegraph reported.
The daily said the other bidders were Quilter, owned by private equity firm Bridgepoint, and private bank Rathbones.
Standard Life has entered exclusivity following several rounds of bidding.
Helena Morrisey, chief executive of Newton Investment Management is also involved in the discussions.
(Reporting by Karen Rebelo in Bangalore; Editing by David Gregorio)
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