stock was surging Friday on a report that
is interested in buying the professional soccer club.
) released a statement earlier this week saying that the company’s board of directors is “commencing a process to explore strategic alternatives for the club” to enhance growth. Some of these alternatives include new investments or a sale of the club, the company said in its statement.
The English newspaper the Daily Star said on Friday that
(AAPL) is interested in buying Manchester United for ￡5.8 billion ($7 billion). The newspaper didn’t identify the sources of its information.
“CEO Tim Cook is keen to explore the opportunities owning United could provide – and will line up talks with the banks appointed to oversee the sale, which include The Raine Group,” the Daily Star said.
The Daily Mail reported earlier this week that companies with digital expertise such as Facebook parent
(AMZN) could be eligible suitors. Sovereign states might also be interested, it said.
Manchester United, Apple, the Raine Group, and Meta didn’t immediately respond to requests for comment. Amazon said it doesn’t comment on rumors or speculation.
Shares of Manchester United soared 17% Friday to $22.04 and were on pace for their highest close since November 2018, according to Dow Jones Market Data. The stock is now up 69% over the past three trading days, which is the best three-day stretch for the stock on record. The shares are up 55% this year, which is so far its best year on record.
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