One of Manchester's largest companies finds itself the subject of a takeover bid for the third time in less than a year.
THG, the software and online retail giant, previously saw off a £1.4bn attempt from property tycoon Nick Candy and a £2bn bid from Belerion Capital and King Street Capital Management.
Now Apollo Global Management has thrown its hat into the ring and has until May 15 to either make a firm offer or walk away.