• Reuters

    UPDATE 1-British retailer JD Sports to buy US rival Hibbett for $1.08 billion

    JD Sports Fashion has proposed to buy American athletic-fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as the British sportswear retailer expands across the southeastern U.S. JD Sports, Britain's largest sportswear retailer, will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price. The Bury, Greater Manchester-based company said it expects to fund the deal and refinance Hibbett's existing debt through its existing U.S. cash resources of $300 million and a $1 billion extension to its existing bank facilities.

  • Australian Associated Press

    'Social Media Knob': Musk scorned over stance on X

    The government is mulling measures to tackle social media site X if it doesn't take down graphic posts as the eSafety Commissioner fights the giant in court.

  • Insider Monkey

    Expedia Group (EXPE) Declined 9.3% Giving Back its Gains

    Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and […]