Hints and tips:
...Newton’s attempt to enter the multi-manager hedge fund space is unusual given most large hedge funds are not affiliated to banks....
...Yet late last month, an investment fund affiliated with the co-founder of Crown Castle, sued to block this Elliott/Crown Castle bargain....
...This year official buying appears to be concentrated among a few state investment arms, including Central Huijin, a unit of sovereign fund China Investment Corp, and China Reform Holdings Corp, a Beijing-based...
...According to Microsoft, it made a small investment in Mistral but does not hold any equity in the company....
...However, neither Microsoft nor OpenAI’s other backers — which include Thrive Capital and Sequoia Capital — own any conventional equity shareholding in the company....
...The Microsoft-OpenAI alliance is being reviewed by competition watchdogs in the US, EU and UK....
...Despite pledging to invest billions of dollars in IT infrastructure as OpenAI’s “exclusive cloud provider”, Microsoft owns no traditional equity stake in the AI company....
...“Our loose alliance allows us to be extremely strong when it comes to a long-term battle and that’s what we tell our investors,” Yamamoto said....
...Microsoft and OpenAI come under the regulatory microscope Despite being one of Silicon Valley’s most-watched alliances, Microsoft’s partnership with OpenAI has also been one of the least understood....
...Orcel said he was content to make small, strategic bets: “[For] the time being and for the foreseeable future this is the best alliance we could have struck.” DD is still betting that he will go big....
...But private equity firms have found other ways to keep themselves busy....
...When it shared that information privately with potential equity investors, it only raised a fraction of the equity it was looking to raise....
...Yesterday, Western Alliance Bancorporation announced its deposit levels have continued to recover. That sparked a broad rally in bank shares. Can we declare the banking micro-crisis of 2023 over?...
...The Japanese conglomerate also backs Raine’s investment funds, according to Arm’s IPO prospectus.It has been a lucrative alliance....
...“What does Lachlan do when a private equity firm comes in with a bid for HarperCollins?” this person asked. Lachlan has shown signs of sharing his father’s unsentimental nature....
..., made at a stage when they are willing to tie themselves to a supplier and give up equity....
...Elsewhere, Twitter added a “state affiliated” label to the BBC and NPR Twitter accounts, the same one applied to state-owned Chinese news. It changed both to “government funded” after criticism....
...Houlihan Lokey has hired David Kelnar to lead European equity private placements in London. He joins from Numis....
...Under Křetínský’s proposals, EP Global Commerce — an entity affiliated with his investment vehicle VESA Equity Investment, which owns 10 per cent of the retail group — would inject up to €750mn in additional...
...Arizona-headquartered Western Alliance Bank was the second-worst performer of the regional banks, closing 47 per cent lower, while shares of Los Angeles-based PacWest and Utah’s Zions lost more than a fifth...
...One person familiar with Microsoft’s investment plans conceded that its alliance with OpenAI was likely to come under close scrutiny....
...Fox News and its owner Fox Corp were sued by Dominion in 2021 over on-air statements accusing the manufacturer of rigging its devices to award votes to president Joe Biden over incumbent Donald Trump, paying...
...Letter in response to this article: Smaller businesses are big beneficiaries of M&A flight to quality / From Brian Slipka, True North Equity Partners, Minneapolis, MN, US...
...VillageMD, an affiliate of Walgreens Boots Alliance, has agreed to acquire physicians’ group and urgent care provider Summit Health in a deal valued at almost $9bn, adding to a wave of consolidation in the...
...Elliott helped change that view with campaigns in 2015 against Alliance Trust, a poorly-run Scottish investment trust, and the merger of two Samsung subsidiaries....
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