Good evening,

The Sun Cable billionaire brawl has ended, with Mike Cannon-Brookes in the winners’ corner.

On Thursday evening, Grok Ventures and its consortium partners – one of which we revealed to be Quinbrook Energy – had taken the lead and were preparing to sign on the dotted line.

Street Talk would be watching for three things next. How much the sale fetched? If Grok keeps the mooted $35 billion undersea cable that stirred up some strong emotions among investors and bystanders? How Andrew Forrest’s camp reacts to the news after getting used to winning at assets like Mincor and CWP Renewables?

Over in the listed markets, we spotted Sayona Mining making the most of lithium prices’ bounce and stitching up a $200 million raising.

Lastly, we’ve got the lowdown on embattled cancer care group GenesisCare’s restructure (spoiler alert: it contains some pretty ugly haircuts!) and dug up the sale flyer for Pump Haircare which hasn’t exactly worked out for its PE investor, Anacacia Capital.

Happy reading,

Sarah Thompson, Kanika Sood and Emma Rapaport

Street Talk editors