Apr 6, 2018

Week in review, April 7

Walt Disney offered to buy Sky News on Tuesday, in an attempt to help ease regulatory fears over Rupert Murdoch's proposed £11.7bn takeover of the pay-TV company and allay concerns that the mogul has too much influence over UK media, writes Camilla Hodgson. US national se­c­urities regulators forced the Japanese tech-to-telecoms group to waive day-to-day control of Fortress Inv­estment Group before clearing SoftBank's $3.3bn acquisition of the private equity company late last year, writes Arash Massoudi. SoftBank declined to comment, but a person close to the company said it understood the concerns of Cfius and was working to demonstrate its credentials as a trusted partner. The fund intends to sell its stake once immediate risks are resolved and to "Keep Anbang's privately owned character unchanged", the company added. The company used the proceeds to acquire trophy assets including the Waldorf Astoria in New York and Strategic Hotels & Resorts, a luxury properties portfolio.

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