Author: News Room

Receive free Simon & Schuster Inc updatesWe’ll send you a myFT Daily Digest email rounding up the latest Simon & Schuster Inc news every morning. KKR’s early travails were chronicled in a best-selling book, Barbarians at the Gate, which details the company’s $30bn takeover of RJR Nabisco and the pulverising tactics that earned it a reputation as a Wall Street wrecking ball. Now, the barbarians are weighing entering the book business itself. Storied book publisher Simon &… Read the full article here

Meta founder and CEO Mark Zuckerberg has emerged as a clear favorite among betters in a proposed “cage match” with Twitter owner and Tesla CEO Elon Musk. In the 48 hours since the Mixed Martial Arts (MMA) challenge was issued by Musk, sports betting firms and odds providers have already delivered preliminary odds for the billionaire’s bout.If the fight actually eventuates, the Brazilian Jiu-Jitsu-trained Zuckerberg has been marked with a 77% chance of winning the fight, according to… Read the full article here

Adam Sandler proved he’s a rare gem while celebrating his 20th wedding anniversary with wife Jackie Sandler on Thursday, June 22.  “Happy 20th my sweet Jackie! Your ‘I do’ was the best gift of my life,” the Happy Gilmore star, 56, wrote via Instagram alongside a sweet snap of himself and his longtime love on their wedding day. “My heart has been yours since the first second I saw you and I love and appreciate your devoted soul more and more each day. Us. The… Read the full article here

President Bola Ahmed Tinubu said Thursday that Nigeria is ready and prepared to welcome foreign investments. Tinubu disclosed this in a statement by his Special Adviser on Special Duties, Communication and Strategy. According to the Alake, the president spoke while receiving the President and Chairman of the Board of Directors of the African Export-Import Bank (Afrexim), Prof. Benedict Oramah and President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso,… Read the full article here

Premier League chiefs have asked Chelsea to provide proof that they are not owned by Saudi Arabia. This comes as three Blues’ stars are “on the verge” of joining the Saudi Pro League. N’Golo Kante has signed for Al-Ittihad on a free transfer after his Chelsea deal expired and Kalidou Koulibaly, Hakim Ziyech and Edouard Mendy are all set to join him in the Middle East. Koulibaly will join Al-Hilal, Ziyech is heading to Al-Nassr and Mendy is on his way to Al-Ahli. The exodus of… Read the full article here

Kenyan MPs have voted in favor of doubling of the value added tax (VAT) levied on fuel to 16%, which is expected to add to the rising cost of living. On Wednesday, ruling party coalition MPs pushed through the proposal with 184 approving the clause within the new finance bill, while 88 lawmakers opposed it. The government, which is looking to raise about 50bn Kenyan shillings ($356m; £279m) from the additional tax, has defended the move… Read the full article here

The Edo State Governor, Godwin Obaseki, has congratulated Bendel Insurance for winning the 2023 men’s Federation Cup. Insurance defeated old foes Enugu Rangers 1-0 courtesy of Oasrenkhoe Imade’s strike from the spot in the final in Asaba, Delta State on Wednesday. In a statement, Obaseki said, “I heartily congratulate Bendel Insurance Football Club for an impressive season run, which culminated in the lifting of the Federation Cup trophy after defeating Rangers… Read the full article here

The National Drug Law Enforcement Agency, Ogun State, on Thursday, confirmed the arrest of 181 suspected drug dealers and the recovery of three pistols in the last five months in the state. The state Commander of the NDLEA, Ibiba Odili, made the statement during a press briefing held in commemoration of the 2023 United Nations International Day against drug abuse and illicit drug trafficking with the theme: ‘People First: Stop Stigma, and Discrimination, Strengthen… Read the full article here

The Chief Executive Officer and Managing Director, FAE Limited, Layo Bakare-Okeowo has bagged the Centre for Values in Leadership – Leader Without Title award for leadership excellence in entrepreneurship and manufacturing at the 60th edition Tribute Colloquium of CVL. According to a statement, Bakare-Okeowo, recipient of the award with over 40 years of experience in the paper manufacturing sector seized the occasion to charge the government on the provision of… Read the full article here

Microsoft was working on a separate version of Xbox Cloud Gaming (xCloud) that wouldn’t have been tied to its premium Xbox Game Pass Ultimate subscription. During the FTC v. Microsoft hearing today, the FTC’s counsel revealed that Microsoft had been working on a “dedicated xCloud SKU” last year.“Xbox would very much like to do it,” said Sarah Bond, head of Xbox creator experience, in September 2022 — the same month Google announced its Stadia shutdown. Microsoft has now… Read the full article here