Hints and tips:
...Blackstone believes streaming-focused companies have cost advantages over legacy production companies such as Lionsgate....
...Microsoft has also not yet been the focus of any action announced by President Joe Biden’s reinvigorated Federal Trade Commission....
...Signs of a greater appetite to curb Big Tech at US state and federal level and the arrival of Joe Biden as president boost somewhat the prospects for such co-operation....
...In Apollo’s legacy leveraged buyout business, Rowan’s biggest deal, the $27bn takeover of Harrah’s Entertainment in 2008, nearly ended in catastrophe for him and his firm....
...Job moves Blackstone Alternative Asset Management has hired Joe Dowling, the former chief executive of Brown University’s investment office, as its new global co-head alongside John McCormick....
...While Perella’s second act as an entrepreneur may not have been as dazzling as the first, he retains a legacy virtually no one else in investment banking can match....
...Guggenheim’s legacy is in fixed income investing for institutional clients and its retail group has been built largely through acquisitions....
...The company also took a one-time $139m writedown stemming from two legacy management contracts associated with former Northstar assets....
...Its faster-growing mobile and cloud-focused businesses (under a Star Trek-like “Project Photon”) can make up for the slowdown of its legacy products....
...Joe Saunders, former Visa CEO After a long career in the credit card business, Joe Saunders, 69, was appointed as chief executive of Visa in 2007....
...MGM aims to avert a painful restructuring of the $3.7bn debt legacy of its 2005 takeover by private equity firms TPG, Providence Equity Partners, DLJ Merchant Banking Partners and Quadrangle Group, and media...
...But KKR and TPG do not believe they should be tarnished with that legacy, and their frustration with the opposition to their deal is coming through clearly....
International Edition