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Scoop: Reckitt’s plan to sell Air Wick unit at risk of collapse ⁦Madeleine Speed⁩ ⁦Alexandra Heal⁩ on.ft.com/3SqK6PQ

Reckitt’s Plan To Sell Air Wick Unit At Risk Of Collapse - FT ft.com/content/cec57d…

FT Scoop: Santander rejected £11bn bid from NatWest for UK unit ft.com/content/564584… via Financial Times

Energy prices push chemicals groups to explore exit from Europe. Sabic has tapped bankers to explore a sale of its Europe petrochemicals business Details—> ⁦ W/⁦Malcolm Moore⁩ on.ft.com/3GJA7mj

The Tate Modern’s “greatest impact was to remake the art museum into a kind of theme park.” nytimes.com/2025/05/08/art…

Big FT Scoop! Sheikh Tahnoon’s IHC nears deal for stake in Richard Caring’s Ivy hospitality empire Talks between Abu Dhabi royal’s holding company and ‘King of Mayfair’ could lead to a deal worth over £1bn w/ Ivan Levingston Robert Smith Chloe Cornish ft.com/content/7736b2…

MEGA FT SCOOP Sheikh Tahnoon’s IHC is in advanced talks on a deal for stake in the King of Mayfair’s hospitality empire ⁦Arash Massoudi⁩ ⁦Robert Smith⁩ ⁦Chloe Cornish⁩ on.ft.com/4kkVAQU

Musk and Durov met in Paris recently ahead of the deal’s announcement, according to several people familiar with the matter. on.ft.com/4kIPvxZ

Scoop: Bidders for BP’s Castrol weigh offers below expected $8bn valuation. Chinese group in the mix. Details -> on.ft.com/43Vw2V4

Trump's tariffs have cut off a recovery in private equity dealmaking--> "It’s not that the market has stopped but that it has narrowed" Alexandra Heal ft.com/content/c4681d…

Sources: xAI is launching a $300M secondary stock offering that values the group at $113B, allowing staff to sell shares to new investors (Financial Times) ft.com/content/703e93… techmeme.com/250602/p16#a25… x.com/Techmeme/statu…

SCOOP: Elon Musk’s xAI seeks $113bn valuation in $300mn share sale w Tabby Kinder George Hammond Hannah Murphy ft.com/content/703e93…

🇬🇧 Musk Launches $300mn Share Offer For xAI In Bid To Refocus On Business ▫Sale aims for $113bn valuation ▫Staff to sell stock to investors ▫Start-up owns social media service ▫Tabby Kinder George Hammond Hannah Murphy Ivan Levingston #frontpagestoday #UK Financial Times

“Everybody’s doing the same thing on the front of the house…It’s the back of the house where the differences emerge” Must read ⁦Antoine Gara⁩ on the growing divergence between Blackstone, Apollo and KKR on.ft.com/4mGtpOa

Sources: Toronto-based AI startup Cohere is seeking to raise $500M+ at a valuation of over $5.5B; it raised a $500M Series D at a $5.5B valuation in July 2024 (Financial Times) ft.com/content/a23987… techmeme.com/250604/p4#a250… x.com/Techmeme/statu…

Scoop: Cohere is seeking to raise more than $500mn in new funding, aiming to catch up in the hugely expensive race to build cutting-edge AI models alongside rivals such as OpenAI, Google and Anthropic. ⁦Melissa Heikkilä⁩ on.ft.com/459OQRG

NEWS: US private capital giant Apollo Global Management said it could invest as much as $100bn in Germany over the next decade ⁦Alexandra Heal⁩ on.ft.com/43MmPNu

Scoop: L’Oréal poised to seal €1bn deal for skincare brand Medik8 ⁦Adrienne Klasa⁩ ⁦Oliver Barnes⁩ on.ft.com/43rYrC0