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Shareholders of Japan’s Takeda ‘skeptical’ of its Shire takeover

Bloomberg One of the top 10 shareholders in Japanese drugmaker Takeda Pharmaceutical Co. is “skeptical” on the value that will be created from the group’s $62 billion takeover of rare disease specialist Shire Plc, the Sunday Times reported, citing the unidentified investor. The deal, the biggest in Osaka-based Takeda’s history, has already faced opposition from a group of investors that ...

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China’s bullet trains are coming for Hong Kong’s airlines

Bloomberg Still bruised from a typhoon that grounded hundreds of flights, Hong Kong’s status as Asia’s top aviation hub faces a new threat: Chinese bullet trains. The world’s longest high-speed rail network extends to downtown Hong Kong starting on Sunday, providing a direct connection to 44 mainland destinations. With the addition of services from Guangzhou and Shenzhen — the major ...

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Comcast’s $39bn Sky win extends its ‘media empire’

Bloomberg Comcast Corp. won a bidding war for Sky Plc with a $39 billion offer for Europe’s largest satellite broadcaster, staving off rivals 21st Century Fox Inc. and Walt Disney Co. to extend the US cable giant’s empire abroad. In a rare auction overseen by UK regulators, Comcast bid 10 percent more than Fox on Saturday, all but assuring that ...

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