Capital One said it expects to complete the acquisition on May 18 now that it received all required regulatory approvals. ... A Seven & i takeover would eclipse the existing largest-ever foreign buyout in Japan. ... Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance’s merger · Bronfman, the former chairman and CEO of Warner Music, had initially offered $4.3 billion for Paramount before increasing it to $6 billion. ... News of the deal sent shares of Seven & i surging by almost 23% in Tokyo, valuing the retailer at around 5.6 trillion yen ($38 billion).
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