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REFILE-KKR agrees to buy stake in AppLovin at $2 bln valuation

July 16 Private equity firm KKR & Co said on Monday it will acquire a minority stake in AppLovin Corp for $400 million, just months after the U.S. mobile marketing firm was forced by Washington to scrap a deal to be acquired by a Chinese buyout firm.

UPDATE 4-FCC raises concerns about Sinclair-Tribune deal; shares skid

WASHINGTON, July 16 Federal Communications Commission Chairman Ajit Pai said on Monday he had "serious concerns" about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co, a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling.

5:39am IST

UPDATE 1-National Australia Bank names Geoff Lloyd as CEO of retirement fund manager MLC

July 17 National Australia Bank Ltd said on Tuesday that Geoff Lloyd would be chief executive of MLC, its retirement fund manager, even as it looks to exit the business.

5:05am IST

REFILE-National Australia Bank names Geoff Lloyd as CEO of retirement fund manager MLC

July 17 National Australia Bank Ltd said on Tuesday that Geoff Lloyd would be chief executive of MLC, its retirement fund manager, even as it looks to exit the business.

4:57am IST

UPDATE 2-Italy's Mediaset, F2i launch bid for EI Towers

MILAN, July 16 Italy's biggest commercial broadcaster, Mediaset, launched a 57 euro per share joint takeover bid with infrastructure fund F2i for the 60 percent of its EI Towers masts unit that it does not already own, the companies said on Monday.

4:42am IST
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Sector Summary

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Asia stocks sag after oil tumbles, dollar on defensive before Fed speech

TOKYO Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony.