U.K.'s Renold Agrees to $254 Million Private-Equity Takeover by MPE Bidco
MPE Bidco, a newly formed corporation backed by U.S. private-equity firm MPE, said each shareholder of the British company would receive 82 pence in cash for each ordinary share.
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New York Post
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News Corp extends CEO Robert Thomson's contract through 2030
News Corp will extend the contract of chief executive Robert Thomson through 2030, the media giant said Sunday. Thomson was appointed CEO of News Corp — whose properties include The Post, Dow Jones, the Wall Street Journal and book publisher HarperCollins — in 2013. His contract was extended in 2023 until 2027. He has delivered News Corp's four most profitable years from fiscal 2021 to 2024, with continued strong performance in fiscal 2025 despite a challenging media landscape, the company said. 3 News Corp CEO Robert Thomson had his contract extended through 2030. Bloomberg via Getty Images 'Robert has been instrumental in News Corp's growth and transformation, and his vision and leadership are extremely important as the company continues to navigate this era of rapid change,' News Corp Chair Lachlan Murdoch said in a statement. Thomson has been at the helm of the New York-based company through several major deals, such as the sale of its Australian cable-TV unit Foxtel to British-owned sports network DAZN for $2.19 billion in 2024. 3 New York-based News Corp is the parent company of The Post. Robert Miller 3 News Corp's properties include The Post, Dow Jones, the Wall Street Journal and book publisher HarperCollins. Bloomberg via Getty Images News Corp also signed landmark agreements with major technology platforms, including most recently with OpenAI, to license the company's intellectual property in exchange for meaningful compensation. 'Rupert and Lachlan Murdoch have adroitly sculpted a company that is passionate and principled and purposeful, and it is a profound privilege to serve as Chief Executive,' Thomson said in a statement. 'For journalists, for authors, for society, for those who strive and aspire, these are times of immense challenge and boundless opportunity. Our leadership team is acutely conscious of an unwavering responsibility to our shareholders, and we are grateful for the sterling efforts of all our colleagues as we pursue profitability and seek to realize our vast potential.'
Indianapolis Star
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This TikTok-famous retro pink toothpaste is 15% off ahead of Prime Day
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Newsweek
a day ago
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Why Williams Just Bet Their Future on James Vowles - And Why It Matters
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Williams F1 announced a contract extension for its team principal, James Vowles, securing his future with the team. Vowles joined the team back in 2023. Many in the paddock considered it a backmarker team, forever doomed to struggle at the bottom of the grid. He was comfortable at Mercedes, excelling as an important figure within the team as the Motorsport Strategy Director. A move to Williams represented a massive risk for Vowles — considering how poorly the team had performed in the past. Team principals rarely get a second chance in F1. He would have one shot at establishing himself as a quality leader of a racing team. Vowles could have waited for another chance, but he believed in the project and new ownership. He gained enough confidence based on those two factors to dive into the deep end with Williams. Williams Team Principal James Vowles walks in the garage during qualifying ahead of the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 14, 2025 in Montreal, Canada. Williams Team Principal James Vowles walks in the garage during qualifying ahead of the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 14, 2025 in Montreal, Canada. Photo byThe move paid off for Vowles - he solidified himself as a team principal, and Williams is progressing up the grid. Almost halfway through the season, Williams sits fifth in the Constructors' standings, the highest it has been since 2016. Before the former Mercedes official took over, the British racing team's points-scoring performances were considered mere blips on the radar. This season, the team's expectations are to score points at every race. The change in expectations comes from a new car development philosophy. Rather than make a car only suited for a specific track type - under Vowles' leadership - the team designed the FW47 to be balanced and versatile across the calendar. Vowles brought a new mindset for the team, pushing expectations higher every season and demanding more from the entire team, from the engineers to the pit crew. He diligently evaluated the performance of the entire team. He kept those who contributed and removed anyone who did not fit the team's new direction. I am absolutely delighted to have signed a new long-term contract with Atlassian Williams Racing. Remaining at Williams was never in doubt, but I'm really pleased to have formalised it. This team has felt like home from the moment I walked through the door. It really is a… — James Vowles (@JV_F1) June 19, 2025 The cost cap brought an element of parity to Formula 1, giving smaller teams like Williams a fighting chance against the top flight. Everyone in the F1 paddock noticed the revolution happening at Williams, which has led to some shocking acquisitions. The most notable believer in the Williams project is Carlos Sainz Jr. Sainz was one of the most accomplished free agents on the market last season, and after all the top teams were full, he was left looking for the best of the rest. Despite massive interest from other teams, Sainz chose to believe in Vowles and joined Williams. The tangible progress Williams has made under Vowles' leadership makes him the team's most valuable asset, more than the drivers or engineering teams. Vowles injected energy and belief into the team. He introduced a methodical and practical approach that created a faster car on track. Vowles is an architect who can craft a well-oiled racing machine, making him worth every penny of the extension for a Williams team that has been stuck in mediocrity.
