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PRESS DIGEST-Financial Times - April 12
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PRESS DIGEST-Financial Times - April 12
Apr 11, 2024 5:35 PM

April 12 (Reuters) - The following are the top stories

in the Financial Times. Reuters has not verified these stories

and does not vouch for their accuracy.

Headlines

- ByteDance extends employee share buyback programme to

non-US workers

- BlackRock ( BLK ) loses appeal over UK tax on $13.5bn BGI deal

- Brookfield in talks to buy majority stake in $22bn airline

lender

Overview

- ByteDance has offered to buy shares held by employees

outside the U.S. for about $171 each, in a broad extension of a

buyback programme it launched in the US in March

- BlackRock ( BLK ) has lost an appeal relating to UK tax it

sought to reclaim from HM Revenue & Customs on its $13.5bn

acquisition of Barclays Global Investors in 2009.

- Brookfield Asset Management ( BAM ) is in advanced talks

to buy a majority stake in $22bn private credit manager

Castlelake as the world's second-largest alternative investment

manager uses acquisitions to push further into lending and debt

investments that are benefiting from higher interest rates.

(Compiled by Bengaluru newsroom)

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