Britain’s 500-year-old Royal Mail is being bought by a Czech billionaire

Britain’s 500-year-old Royal Mail is being bought by a Czech billionaire

From the article: "... London CNN — The owner of Royal Mail has accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most iconic institutions to a foreign owner for the first time. International Distribution Services, which owns the loss-making postal service, said Wednesday that it had accepted a £3.70-per-share ($4.69) takeover offer from Křetínský’s EP Group. The deal has consequences for thousands of workers and has sparked anxiety about the future of a key piece of national infrastructure, which delivers a vital public service. ..."

Article Reference: www.cnn.com

Royal Mail CEO confirms cyberattack downed UK postal service

Royal Mail CEO confirms cyberattack downed UK postal service

From the article: "...The admission comes almost a week after Royal Mail first said it was hit by an unspecified “cyber incident” that left the British mail service unable to dispatch items to overseas destinations. “We’ve confirmed that we’ve had a cyberattack...the postal service continues to experience disruption to its international export services following the cyberattack. Royal Mail has yet to confirm when this disruption is likely to end "

Article Reference: techcrunch.com