PRESS DIGEST-Financial Times - Sept 22

Reuters | Updated: 22-09-2023 05:47 IST | Created: 22-09-2023 05:47 IST
PRESS DIGEST-Financial Times - Sept 22

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

FTC lawsuit targets serial acquisitions by private equity Rupert Murdoch steps down as chair of Fox and News Corp

Venture firm GGV Capital to split off China business after US pressure Cisco agrees $28bn deal for cyber security group Splunk

Overview - Private equity firm Welsh, Carson, Anderson & Stowe has been charged with a "multiyear anti-competitive scheme" targeting anesthesiology practises in the Federal Trade Commission's first antitrust complaint filed under chair Lina Khan, challenging serial acquisitions by private equity firms.

- The end of an era for the influential media billionaire is being marked by Rupert Murdoch's resignation as chairman of Fox and News Corp. Beginning in mid-November, Lachlan Murdoch, his eldest son, will continue to serve as executive chair and chief executive of Fox while serving as News Corp's sole chair. - In response to growing political pressure on American tech investors to disengage from China, GGV Capital, Silicon Valley venture firm, is splitting into two independent businesses focused on Asia and the US, three months after rival Sequoia Capital made a similar move.

- Cisco announced that it would buy Splunk in a deal that would value the cybersecurity company at about $28 billion (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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