In a significant restructuring relocate, Liberty Global, the conglomerate founded by U.S. cable pioneer John Malone, is offering voluntary redundancies to over a third of its workforce in London, Denver, and Amsterdam. The decision includes selling off its private jet.
Meanwhile, the European Union has given the green light to GSK for its blood cancer drug, Blenrep. This approval aims to treat relapsed or treatment-resistant cancer forms affecting blood plasma cells and marks a crucial win for the pharmaceutical giant.
In a strategic business relocate, Dubai-based Sidara is considering revising its offer for Wood Group following scrutiny from the UK’s financial regulator. Additionally, Chinese e-commerce leader JD.com is in advanced neobtainediations to acquire German electronics retailer Ceconomy in a deal valued at approximately 2.2 billion euros.
(With inputs from agencies.)
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