• Reuters

    EuroLeague Basketball draws interest from BC Partners, EQT and General Atlantic - sources

    Europe's top men's basketball competition EuroLeague has drawn interest from private equity firms including EQT, BC Partners and General Atlantic, according to two sources with knowledge of the matter. Euroleague Commercial Assets (ECA), the entity which owns the EuroLeague and EuroCup, have been sounding out investor interest to buy a stake in the company, and is aiming for a valuation of one billion euros ($1.07 billion) in a potential sale, the two sources and a third one said. Private equity firms including BC Partners, EQT and General Atlantic have expressed interest in buying a stake in recent weeks, according to two of the people.

  • Reuters

    US Supreme Court to rule in case involving debit card 'swipe fees'

    The U.S. Supreme Court was expected on Monday to decide a case involving a legal challenge to a Federal Reserve regulation on debit card "swipe fees" in a ruling that could make it easier for businesses to try to overturn longstanding federal rules. A lower court dismissed a North Dakota convenience store's lawsuit challenging the 2011 rule governing the amount businesses pay banks when customers use debit cards to make purchases. The dismissal had been based on Corner Post, the store located in Watford City, missing a six-year statue of limitations that generally applies to such litigation.

  • The Canadian Press

    Pakistani court sentences Christian man to death for posting hateful content against Muslims

    MULTAN, Pakistan (AP) — A court in Pakistan sentenced a Christian man to death for sharing what it said was hateful content against Muslims on social media after one of the worst mob attacks on Christians in the eastern Punjab province last year, his lawyer said Monday, adding he will appeal the verdict.