Global Cycling Network (GCN) has been sold back to its founder and CEO, Warner Bros. Discovery, confirming the deal today. As we understand it, this does not mean that the GCN+ streaming platform will return anytime soon, but that the GCN brand will continue to operate as it currently does on “YouTube and other social … Read more
TDR Capital has announced it will become the majority shareholder of Asda Zuba Issa, who took over Asda in 2021 together with his brother Moshin and TDR Capital, is selling his shares in the supermarket to the private equity firm. The London buyout company announced yesterday that it will become the majority shareholder of Asda, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Zuber Issa, who co-owns Asda with his brother Mohsin, has agreed to sell his stake in the British supermarket chain to co-owner TDR Capital in a deal that will see the private equity firm become … Read more