Rocket Internet GmbH’s shareholders, including co-founder and Chief Executive Officer Oliver Samwer, plan to keep their shares in a planned initial public offering, according to people familiar with the matter.
The leveraged buyout of Lyondell Chemical Co. in 2007 benefited the company’s board as well as billionaire Len Blavatnik, who gained $1.2 billion, according to a revised lawsuit brought by the company’s creditors.
Deezer, the main global rival of music-streaming service Spotify Ltd., struck a deal with German broadcaster ProSiebenSat.1 Media AG that gives it users and marketing clout as it tries to catch up with its larger peer.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Warner Music Group owner Len Blavatnik withdrew his bid for EMI Group’s recorded music business after failing to agree on a price with owner Citigroup Inc., two people with knowledge of the situation said.