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...Morgan Stanley offloaded its stake in 2010....
...VC groups invested $42.5bn in 2,500 AI start-up equity rounds last year, according to market analysts CB Insights....
...Artemis, whose other holdings include a controlling stake in luxury group Kering and auction house Christie’s, is planning to invest $2.8bn of its own money and have CAA borrow $425mn in loans, according...
...Inflection previously raised money from venture capital firms including Greylock Partners, where Suleyman and Hoffman remain investors....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
...The other partner in the joint venture is US fund manager RedBird Capital....
...Hedge fund manager Greg Coffey in talks to acquire EM boutique Emso (FT) Mike Ashley’s game of spoof over legal bill ‘quite serious’, says Morgan Stanley banker (FT) Microsoft, OpenAI and Nvidia back $2.6bn...
...The Hexagon Cup, a new padel tournament backed by the venture arm of the Daily Mail publisher, has clinched a broadcast deal in the UK with ITV. The event gets under way later this month in Madrid....
...The venture underscores how harnessing AI can shortcut years of experimental graft — and potentially deliver improved products and processes....
...Peltz, the billionaire founder of activist firm Trian Partners, has recently increased its Disney stake to a position worth more than $2.5bn, making it one of the group’s largest shareholders, the FT reported...
...BP’s shares rose 3 per cent on Thursday while the Stoxx 600 index of European oil and gas companies was up 2 per cent. The deal is expected to complete in mid-2024....
...Lewis will begin his new role at the Washington Post on January 2, and takes over from interim chief executive Patty Stonesifer....
...News round-up Evergrande chair placed under ‘mandatory measures’ on suspicion of crimes (FT) OpenAI and Jony Ive in talks to raise $1bn from SoftBank for AI device venture (FT) Moody’s warns of ‘systemic...
...Xiaomi, founded in 2010, has built a reputation as a value-for-money smartphone brand, still able to offer top-of-the-line specifications at an affordable price....
...Silver Lake’s €2.4bn move to take over Software AG, one of the largest technology companies in Europe, progressed this month after a rival bidder withdrew their effort....
...Before that big step, ESPN is also launching a sports streaming joint venture with Fox and Warner Bros this autumn....
...by Rithm Capital (FT) Bain Capital buys Gautam Adani’s stake in shadow bank (FT) Saudi football club approaches PSG with record €300mn bid for Mbappé (FT) Mediobanca makes bet on London with start-up venture...
...For TPG, which first invested in CAA in 2010, the sale of its controlling interest amounts to one of the year’s big private equity windfalls....
...A: 5.5 per cent and 2.5 per cent. 2. To the M0on Who, according to a recent UK court ruling, is definitely not Satoshi Nakamoto?...
...It has already garnered $2.5mn for its Arm work for the year ending in March, according to the IPO filings....
...The plan also includes an option for Iliad to buy an additional 10 per cent of the venture’s shares every year, paving the way for the company to take control....
...“Companies were raising way ahead of where they should have been, and then valuations fell off the cliff,” said Sanjay Swamy, managing partner at Bengaluru-based venture capital firm Prime Venture Partners...
...A $504mn writedown on home improvement lender GreenSky in the second quarter, which it bought in 2021 for $2.2bn but is already in the process of selling, has added to the pain....
...Sources tell DD that other large venture firms are studying private markets as a way to exit investments while IPO markets remain shut....
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