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The Standard Group Plc is a
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print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Saudi Arabia's Public Investment Fund, PCP Capital Partners and Reuben Brothers pulled out of their proposed Sh42 billion (£300m) takeover of English Premier League side Newcastle United, according to Sky Sports news.
The consortium had been waiting to be given the green light take charge of the club, but withdrew completely, citing the tough economic times during the Covid-19 pandemic.
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