Hints and tips:
...Morgan Stanley — which in 2022 helped finance Musk’s leveraged buyout of X, formerly Twitter — is co-ordinating the fundraising, one of the people said. The bank declined to comment....
...Jagex, which is best known for the long-running RuneScape franchise, is working with bankers at Morgan Stanley and boutique advisory Aream & Co, according to people familiar with the process....
...The new company would allow Musk to take on OpenAI, the Microsoft-backed group that he co-founded in 2015....
...Co-founder William Conway said on a February earnings call he expected the chief executive appointment to ease fundraising pressures, stating that the hiring had “taken away some uncertainty” and should...
...Bao, a veteran of Morgan Stanley and Credit Suisse who co-founded China Renaissance in 2005, disappeared this month and has been unreachable, his company said last week....
...News round-up Exxon chief earns four times as much as bosses at Shell and BP (FT) BlackRock loses appeal over UK tax on $13.5bn BGI deal (FT) More US regulators join Morgan Stanley wealth management probe...
...In November, Disney named two new directors — former Morgan Stanley chair and chief executive James Gorman and Sir Jeremy Darroch, the former group chief executive of British pay-TV and broadband company...
...It recently appointed former Morgan Stanley chief James Gorman, who was praised for how he handled his own succession, to the board. But the issue continues to hang over the company....
...Peltz, co-founder of the Trian Partners hedge fund, is waging a proxy fight to gain board seats for himself and former Disney chief financial officer Jay Rasulo....
...“Everyone thought IPOs were dead — they aren’t,” said Paul Kwan, a managing director at venture firm General Catalyst and the former head of west coast tech banking at Morgan Stanley....
...Companies: Abbott Laboratories and infrastructure company Kinder Morgan are scheduled to report first-quarter earnings. Five more top stories 1....
...His efforts included a conversation with an unnamed “board member I knew at BI” and approaches to KKR co-founder Henry Kravis, its co-CEO Joseph Bae and Axel Springer’s Döpfner....
...Separately, Morgan Stanley’s credit arm last month committed $700mn to buy song copyrights with music company Kobalt....
...“ValueAct Capital has a record of collaboration and co-operation with the companies it invests in, and its co-CEO Mason Morfit has been very constructive in the conversations we’ve had over the past year...
...Morgan Stanley and boutique advisory Aream & Co were financial advisers for Carlyle. Goldman Sachs advised the vehicle to be funded by CVC Capital Partners Fund VIII and Haveli Investments....
...Speaking in an interview with the FT, Morgan Stanley’s outgoing chief executive James Gorman struck a more upbeat tone....
...“All of a sudden we weren’t decentralised,” said Darren Cohen, co-head of growth equity. “We have a structure that can compete.”...
...Apollo has appointed Harry Seekings as co-head of infrastructure. He joins from InfraRed Capital Partners....
...Trian will put forward its co-founder Nelson Peltz and former Disney executive Jay Rasulo at the company’s annual shareholder meeting next year, it said on Thursday....
...Private credit funds have mushroomed in their place, with total assets of $1.5tn according to Morgan Stanley....
...Disney on Wednesday sought to get ahead of a Peltz incursion by nominating two new directors to its board: outgoing Morgan Stanley chief executive James Gorman and former Sky boss Jeremy Darroch....
...“Artificial intelligence is everywhere and most of it is dual use . . . you can’t sort of put it in a box,” said Marcia Ellis, global co-chair of the law firm Morrison Foerster’s private equity practice....
...impose tougher disclosure rules on private funds (FT) Banks agree near $500mn settlement in stock-lending lawsuit (FT) Alison Rose eligible for £2.4mn from NatWest despite resignation (FT) Ofgem fines Morgan...
...Co-founder William Conway was made interim leader but has not named Lee’s permanent replacement....
...Bloomberg LP is wedded to the idea of one price, one product — the ultimate bundle....
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