Prosus invests ~$146M in Indian travel app ixigo for a 10.1% stake; sources say Prosus plans to buy more shares from other investors to raise its stake to 15% (Moneycontrol)

Featured Podcasts Lenny’s Podcast: Inside Google’s AI turnaround: The rise of AI Mode, strategy behind AI Overviews, and their vision for AI-powered search | Robby Stein (VP of Product, Google Search) Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product. Subscribe to…

Read More

Bayrou: France’s survival is at stake 

Shorouk Express The 74-year-old longtime centrist has so far failed to convince the opposition to swallow the bitter medicine he is proposing, a remedy that could assuage French creditors, financial institutions and ratings agencies concerned by the country’s unsustainable levels of public spending. Bayrou appeared to use the interview to try to reframe the public…

Read More

UniCredit builds stake in Generali, further complicating fight for Italian financial sector

Shorouk Express The government is keen to ensure that Generali, which last month agreed to combine its asset management business with that of France-based Natixis, keeps its appetite for Italian sovereign debt at a time when Rome needs to borrow nearly €1 billion a day. The Trieste-based conglomerate is the government’s largest private-sector creditor. Rome…

Read More