Warner Bros plans to split streaming, cable TV businesses

Warner Bros plans to split streaming, cable TV businesses

[NEW YORK] Warner Bros Discovery is splitting itself into two publicly traded companies, one with its HBO Max streaming service, film and television business, and the other with its struggling cable business. The Global Networks division will include entertainment, sports and dozens of cable television brands such as CNN, TNT and TBS and will be…

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Shareholders to vote on Great Eastern delisting on Jul 8

Shareholders to vote on Great Eastern delisting on Jul 8

[SINGAPORE] Independent directors of Great Eastern Holdings (GEH) are recommending for shareholders to accept OCBC’s conditional exit offer that will ultimately lead to the insurer’s delisting. This is based on advice from EY, the independent financial adviser (IFA) involved in the deal, GEH said in a circular issued after the market closed on Monday (Jun…

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Asia healthcare assets risk overvaluation as private investors scoop them up

Asia healthcare assets risk overvaluation as private investors scoop them up

[SINGAPORE] As private equity (PE) investors pour money into Asian healthcare, some observers are concerned that this sector could soon overheat. Some recent deals this year include KKR’s US$400 million purchase of a 54 per cent stake in India’s Healthcare Global Enterprises in February. In Singapore, another American PE firm TPG took Catalist-listed nursing operator…

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