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...Discover’s stock is trading at a roughly 15 per cent discount to the all-stock deal price, reflecting investor doubts about the acquisition....
Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal
Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse
Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...“With our generative AI experiments in Search, we’ve already served billions of queries, and we’re seeing positive Search query growth in all of our major markets....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
...Despite that, he backed efforts to do a deal for all or part of Discover, codenamed “Diplomat”....
Izzy Englander poaches latest partner from Wall Street bank, where David Solomon faces fresh unrest
...“We’ve moved virtually all the data that we need for every asset that the firm is involved in . . . all the data that all the researchers need,” said Costas Bekas, head of research platform at Citadel Securities...
...“I think we’re all trying to get to the moon first,” Hardy said....
...All teams working on its AI models, including its flagship Gemini chatbot, will be unified under its DeepMind division run by Demis Hassabis, according to a memo on Thursday....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
...Because partnerships typically distribute all their income to partners each year, they do not have a traditional earnings record, allowing acquirers to negotiate a relatively low valuation....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
Appeals court says group’s practices troubling enough to reverse previous decision over former senior partner
...Despite internal rumours that there would be a similar reorganisation across Google, such as appointing a single product chief across all its services, Pichai continues to act in that role....
...All this supports the view that talking about a bubble in the Mag 7 doesn’t make loads of sense, unless you think there is a bubble in the whole market....
...All three groups declined to comment....
...Liability management is a fancy catch-all term for strategies used by companies and their private equity sponsors to reduce or push out their debt maturities — typically hurting existing investors in the...
...All tech products involve trade-offs, he says....
...Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services....
...It wouldn’t be tolerated in any other consumer-facing industry. . . . as long as French and German ATC don’t (expletive) it all up in March, April, May, I think all operators in Europe will be positioned...
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