Clik here to view.
Private Equity Firm Blackstone Is Channeling Warren Buffett
The oracle of Omaha is famed for his investing strategy: Buy and hold for a long, long, time. Now private equity giant Blackstone bx is reportedly close to raising $5 billion, the largest for a fund of...
View ArticleClik here to view.
Here’s Who’s Definitely Not Buying Yahoo’s Internet Business
Yahoo’s YHOO sale process for its core Internet assets has entered its third and final round, but one of its two private equity suitors is no longer involved. Sources say that the pairing of Bain...
View ArticleClik here to view.
Hedge Funds Lose Hand In Caesars’ Bankruptcy Battle
Caesars Entertainment czr received a temporary reprieve on Wednesday from bondholder lawsuits seeking up to $11.4 billion after a U.S. bankruptcy judge in Chicago decided to halt proceedings in other...
View ArticleClik here to view.
World’s Largest Press Release Site Gets Acquired
Cision, a Chicago-based PR software company owned by private equity firm GTCR, yesterday closed its purchase of PR Newswire Association from London-listed UBM PLC. The deal was originally announced as...
View ArticleClik here to view.
Hillary Clinton Will Sidestep Congress To Raise Taxes on Hedge Funds
Hillary Clinton told USA Today this week that, if elected president, she would “ask the Treasury Department to use its regulatory authority” to change the tax treatment of carried interest, if Congress...
View ArticleClik here to view.
Dell Just Got a Little Closer to Paying Down Its Ginormous Debt
It’s been on the block for a while, but it’s now official: Dell’s software group is being sold to a pair of private equity firms, Francisco Partners and Elliott Management, according to a statement on...
View ArticleClik here to view.
This Wall Street Executive Just Admitted to Scamming Investors Out of $38...
Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he defrauded investors out of over $38 million, blaming his conduct on a gambling addiction he could not...
View ArticleClik here to view.
A Company You Don’t Expect Could Make $1 Billion On A Yahoo Sale
Yahoo CEO Marissa Mayer may have had a good idea back in 2014. But now it may turn out to be a very bad one. In 2014, Mayer signed a deal with Mozilla to make Yahoo YHOO the default search engine in...
View ArticleClik here to view.
This Prominent Wall Street Dealmaker Is One of Brexit’s First Big Victims
The Brexit fallout has already crossed the pond, sending U.S. bank stocks reeling (they have since recovered) and reducing the chance that the Fed will raise interest rates anytime soon. What’s more,...
View ArticleClik here to view.
UFC Has Sold Itself For $4 Billion
Ultimate Fighting Championship has agreed to sell itself to a consortium led by talent agency WME | IMG for a reported $4 billion, as the sport continues to plot global expansion. The acquisition was...
View ArticleClik here to view.
Meet the UFC’s New Owners
Talent agency WME/IMG on Monday announced an agreement to acquire UFC, the mixed martial arts powerhouse that recently completed its 200th flagship event. No financial terms were disclosed, but sources...
View ArticleClik here to view.
Why Analysts Are Cheering for the Possible Sale of Intel’s Security Business
With rumors swirling that Intel may sell off its cyber security software unit, some analysts are cheering for the possible divestment. Intel acquired the bulk of the business in its $7.7 billion...
View ArticleClik here to view.
Goldman Sachs Is Raising Up to $8 Billion for a New Private Equity Fund
Goldman Sachs will start marketing a new corporate-buyout fund of $5 billion to $8 billion, its first such fund since the 2008 financial crisis, the Wall Street Journal reported on Thursday. Citing...
View ArticleClik here to view.
Aeropostale Accuses Sycamore Partners of ‘Loan to Own’ Scheme
Bankrupt U.S. teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a “loan to own” scheme to...
View ArticleClik here to view.
Redbox Owner Outerwall Is Going Private in a $1.6 Billion Deal
Outerwall outr , the owner of Redbox video rental kiosks, said it had agreed to be taken private by affiliates of private equity firm Apollo Global Management apo in a deal valued at about $1.6...
View ArticleClik here to view.
China’s Fosun Just Paid $1.4 Billion for This KKR-Backed Company
Shanghai Fosun Pharmaceutical Group Co Ltd has agreed to buy Gland Pharma – backed by KKR & Co LP – for about $1.4 billion, a person with direct knowledge of the matter said, in India’s largest...
View ArticleClik here to view.
These Private Equity Firms Could Be Looking to Buy Hewlett Packard Enterprise
Maybe Hewlett Packard Enterprise isn't totally done restructuring after all. Perhaps it just wants to rebuild itself outside the scrutiny of the public markets. According to a report by technology news...
View ArticleClik here to view.
IPO Market Is Worst Since the Financial Crisis
Investors might be waiting for the next Apple aapl or Google googl or even Facebook fb to go public--but they’re unlikely to have many to choose from this year. This year has been the slowest for U.S....
View ArticleClik here to view.
The Weather Channel Could Have a Prospective Buyer
The Weather Channel could be up for sale. The Wall Street Journal, citing anonymous sources, reported on Tuesday that Hunt Valley, Maryland-based telecom Sinclair Broadcast Group has expressed an...
View ArticleClik here to view.
Hewlett Packard Enterprise Bidder Says It’s Finding Plenty of Cheap Deals
At a time when many private equity firms have found attractive deals hard to come by, Apollo Global Management--a reported suitor in a potential buyout of Hewlett Packard Enterprise--is having no such...
View Article