Mother of Uber CEO killed in boating accident -newspaper
May 27 The mother of ride-hailing firm Uber's chief executive has died in a boating accident near Fresno, California on Friday, the Fresno Bee reported on Saturday.
SYDNEY May 15 Australian newspaper publisher Fairfax Media Ltd on Monday said it has received a revised A$2.76 billion ($2.04 billion) cash offer led by U.S. private equity firm TPG Capital Management for all of its assets.
The offer from TPG and Ontario Teachers' Pension Plan Board values Fairfax at A$1.20 a share and compares with a previous proposal to buy the company's top mastheads, including The Sydney Morning Herald and The Australian Financial Review, and its property listings unit Domain for A$0.95 a share.
That would have left investors with scrip exposure to the publisher's radio division, regional and New Zealand titles, a stake in an online television streaming start-up and its debt. The TPG consortium valued those assets at A$0.25 to A$0.30 a share, but Evans & Partners analysts said that was "optimistic".
Fairfax shares closed at A$1.07 on Friday. ($1 = 1.3535 Australian dollars) (Reporting by Jamie Freed; Editing by Richard Pullin)
* BA latest to be hit by computer problems (Adds comment by BA's chief executive)
May 27 General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.