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...Financial details for the arrangement were not revealed....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...Rabe said that although Bertelsmann would continue to incrementally invest in its European and US media businesses, the “big themes” he was interested in over the next few years included large capital allocations...
...Its notable deals include the advertising agency Young and Rubicam in 1996 and the wealth manager LPL Financial and business advisory group AlixPartners about a decade later....
...The other partner in the joint venture is US fund manager RedBird Capital....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...This article has been amended since initial publication to clarify that Hg Capital Trust’s investment in Argus Media was valued at about £52mn, not Hg’s overall investment....
...Many MPs and media analysts expect Frazer to request a second-phase inquiry by the CMA rather than face the political firestorm of approving the deal....
...Belgian Prime Minister Alexander De Croo told the Financial Times that the EU must wean itself off Russian nuclear fuel “as fast as possible” to stop Moscow using revenues to fund its war chest....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...This included scrapping the investment management deal, which the Financial Times reported last year. At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank....
...One option for the Australian government would be to “designate” Meta, which would force the company into arbitration over payments to media companies or face financial penalties....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...In his absence, we have a world-class line-up of Financial Times journos, including Katie Martin on the bull case for dividends....
...As part of his aggressive acquisition strategy, he bought dozens of media groups and expanded operations around the world....
...auction for the titles — the deal is a significant win for Lloyds, which managed to recoup one of the largest bad debts still on its balance sheet that it took on with the takeover of HBOS in the 2008 financial...
...The figures suggest that top managers prioritise careful deployment of investors’ capital, rather than making the fund as large as possible....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...On Tuesday, the former president added more than $4bn to his net wealth after his latest venture Trump Media & Technology Group made its public markets debut....
Microsoft, Google and Meta are using more water to cool down data centres that power artificial intelligence products
...Who belongs in the social media product market? For example, under the FTC’s allegations, Twitter/X is not in the market....
...The founder of US-based AQR Capital Management, still one of the world’s biggest computer-driven investment firms despite a sharp drop in assets in recent years, once studied under the University of Chicago...
...“Firms desperately need capital to transform the business,” he said....
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