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Carnival Corp., the world’s largest cruise operator, resumed the battle for NCL Holding, offering $1.3 billion in cash for the Oslo-based owner of Norwegian Cruise Line, topping a bid from Star Cruises. The offer is conditional on Miami-based Carnival being guaranteed 50% ownership. Star has been buying up NCL shares and now controls about 50% of the company. The Carnival bid, following an offer in December that was rejected, values NCL shares at $4.90; Star has offered $4.29 for the remaining shares. A buyer also would assume $800 million in debt.

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