NewMedia Spark, the UK incubator, has finally won control of Spütz, the German brokerage house, drawing the hostile takeover to its conclusion.

NewMedia Spark has bought 53.7% of Spütz's shares, after a turbulent battle for control of the German firm. Vehement opposition came from Bernhard Freytag, the ousted Spütz chairman, who had urged shareholders to reject NewMedia Spark's €8.5 ($7.8) per share offer.

NewMedia finally wins control of Germany's Spütz

Yasmine Chinwala

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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