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...It follows a similar move by Meta earlier this year and underlines how US tech companies are now willing to give investors a greater share of their vast cash reserves, rather than hoarding them for investment...
...The 10 investment banks and proprietary traders are investing a combined $172mn for a 26 per cent stake in Lutnick’s venture, called FMX. The investment will give FMX a valuation of $667mn....
...Similarly, Bloomberg: “In many cases, investors moved to warn companies in private, perhaps seeking to both safeguard their investments and avoid a larger bank run.”...
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...Citadel made a record $16bn in 2022 to displace Bridgewater as the most successful hedge fund of all time, according to research by LCH Investments....
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...The company appointed chief investment officer Greg Davis as president and said its board was conducting a search process for a new CEO....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
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...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...Steven Sinofsky, a former top Microsoft executive who as head of Windows lived through an earlier Brussels challenge to a big tech company, says this will lead to technical compromises that will make no...
...Silver Lake and Emanuel insist that the company will fare best as a private company, less than three years after pursuing the opposite strategy....
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