DIRS.INFO The most relevant business & tech news

☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

☆ Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
▼ + stars: | 2024-11-16 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Now, ValueAct has engaged another titan of the market, Meta Platforms, announcing an approximately $1 billion dollar position in the company. With the stock price up about 56% in 2024, ValueAct still sees significant untapped value in Meta. ValueAct has shown at Microsoft and Salesforce that it is very good in helping companies trim fat and build muscle. The AI spending, while concerning to some in the market, can be the muscle that strengthens Meta's core FoA business. It should more than justify Meta's AI spend.

Persons: ValueAct, Mason Morfit, Mark Zuckerberg, OpenAI's GPT, Meta, Martha Stewart Living, Ken Squire Organizations: Reality Labs, Facebook, Microsoft, Meta, RL, Spotify, OpenAI, Adobe, New York Times, Expedia, Century Fox, KKR, 13D Locations: Salesforce

☆ Private equity giant KKR is in talks to acquire the adtech company Integral Ad Science
▼ + stars: | 2024-11-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

KKR is in talks to acquire adtech firm Integral Ad Science, sources told Business Insider. AdvertisementPrivate equity firm KKR is in talks to acquire the publicly listed adtech company Integral Ad Science, three people familiar with the process said. In its second quarter, the company grew revenue by 14% to $129 million and raised its full-year guidance. A take-private deal by a private equity firm like KKR could help IAS grow further without the quarterly Wall Street scrutiny. In September, Axel Springer announced it would separate its media properties into a privately-owned company, while KKR retained the classifieds side of the business.)

Persons: Jefferies, —, acquirers, Axel Springer, Ted Oberwager Organizations: KKR, Ad, Business, Service, Bloomberg, IAS, Google, Vista Equity Partners, Vista, FGS Global, Publishers

☆ The trader guide to the election: Which stocks Wall Street expects to benefit under Trump or Harris
▼ + stars: | 2024-11-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Generally, a Trump win is seen as positive for financials given a higher likelihood of deregulation for companies in the space. Traditional oil and gas names are also likely to benefit under a second Trump presidency. One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency. However, a Harris win is expected to keep current regulation measures in place, and possibly introduce new ones. Private equity giants KKR and Blackstone would also benefit under a Trump win.

Persons: Kamala Harris, Donald Trump, Paul Gallant, Cowen, Gallant, Harris, Goldman Sachs, Daniel Clifton, Strategas, Andrew Garthwaite, Trump, Garthwaite, TAN, we've, Biden, Wells, Ike Boruchow, Boruchow, —, Russell, Joe Biden, Morgan Stanley, Crypto, isn't, Nic Puckrin, bitcoin, Marcelli, Financials, Wolfe, Chris Senyek, Lazard Organizations: Congress, U.S ., Trump, U.S . Trump, GOP, Democratic, CNBC Pro, Wall, Strategas, Enterprise, of America, Ford, UBS, Apple, Enphase Energy, Technologies Enphase, Exxon Mobil, Chevron, Trump Media & Technology, Trump Media, Cadence Bank, Viking Therapeutics, Bureau, CNBC, Wolfe Research, Lazard, Private, KKR, Blackstone, Evercore Locations: Washington, of America Cleveland, Cleveland, China

☆ A lawsuit accuses Bain Capital's PowerSchool of trafficking in student data. The edtech giant says everything it does is legal.
▼ + stars: | 2024-11-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

PowerSchool sells student data without parents' informed consent, a federal lawsuit alleges. Related storiesPowerSchool spokesman Austin Zerbach told BI that no PowerSchool product sells any form of student data. The public disclosures of PowerSchool say the edtech company "may" collect data such as "extracurricular program membership" and "student assessments." AdvertisementTechnology can easily re-identify anonymized student data, said Chad Marlow, senior policy counsel at the ACLU, where he focuses on privacy, surveillance, and technology issues. "No PowerSchool product, including Connected Intelligence P20W, sells any form of student data," the spokesman said.

Persons: PowerSchool, —, It's, Emily Cherkin, Cherkin, Hardeep Gulati, PowerSchools, Austin Zerbach, Zerbach, it's, — they're, Julie Liddell, Chad Marlow, Marlow, Liddell, James Donato, PowerSchool's Bain, The Bain Organizations: Service, Bain Capital, PowerSchool, Technology, ACLU, Data Systems, US, Apple, Vista Equity Partners, Vista Equity, Onex Partners, NYSE, The, KKR, Co, Instructure Holdings, Inc Locations: San Francisco, Seattle, Folsom , California, Boston, Austin , Texas, Salt Lake City

☆ Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +2 min

Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. The two sources said Reliance has now firmed up plans to launch the Reliance Jio IPO in 2025 as it internally believes it has achieved a stable business and revenue stream in becoming India's No. But the retail business IPO is not expected until after 2025 as the company first needs to address some internal business and operational challenges, said the first source. Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India, and Jio, which is also backed by Google and Meta, has partnered with Nvidia to develop AI infrastructure. Reliance, however, aims for the 2025 Jio IPO to be India's biggest ever, overtaking Hyundai India's record $3.3 billion IPO this year, said the first source.

Persons: Mukesh D, Ambani, Ajay, Mukesh Ambani, Ambani hasn't, Elon Musk, Jefferies Organizations: Reliance Industries Ltd, Reuters, Reliance Industries, Reliance, KKR, General, Abu Dhabi Investment Authority, Google, Nvidia, Hyundai Locations: New Delhi, India, Mumbai, General Atlantic, Abu Dhabi

☆ Never mind the 60/40 portfolio. There may be a case for a 50/30/20 allocation
▼ + stars: | 2024-10-30 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The case for a 50/30/20 portfolio is growing as investors seek to diversify into alternatives as a hedge against a stock and bond market that are each flashing cautionary signals. "And so, let me allocate a little bit, because instead of a 60/40, perhaps it's a [50/30/20]," she said, clarifying 50% to stocks, 30% to bonds, and the remaining 20% to alternatives. The case for alternatives The case for alternatives is two-fold. Still, investors say that the the asset class can help hedge against real risks ahead of stocks and bonds. One ETF investing in private equity asset managers is the Invesco Global Listed Private Equity ETF (PSP) .

Persons: Ayako Yoshioka, you've, Goldman Sachs, David Kostin, Corporates, Yoshioka, Paul Tudor Jones, Mark Malek, it's, —, Jesse Pound Organizations: Investors, Bank of America, Treasury, U.S, State Street, Apollo Global Management, Blackstone, Ares Management, KKR, Co, Carlyle Group, Equity ETF Locations: U.S, Siebert

As Wall Street financiers snapped up huge swaths of the nation’s rental housing market in recent years, the deals sailed through unchallenged. But large purchases of rental homes and apartment buildings by private equity firms like KKR are another cause, research shows. The Private Equity Stakeholder Project, a nonprofit that monitors the industry’s impact on individual Americans, has identified more than 5,100 apartment complexes owned by more than 30 private equity companies in America, totaling almost 1.4 million units. Jim Baker, executive director at the Private Equity Stakeholder Project, welcomes the scrutiny the senators are bringing to the KKR transaction. More than two-thirds of the apartment units in those states are owned by private equity, he said.

Persons: Sen, Elizabeth Warren, ” Warren, Raphael Warnock of Georgia, Peter Welch of, Ron Wyden, Kamala Harris, Ohio Sen JD Vance, Donald Trump’s, Noelle Porter, Noelle Porter Noelle Porter, Porter, “ They’ve, ” Porter, “ We’ve, we’ve, Fannie Mae, Freddie Mac, Jim Baker, Washington — Organizations: Wall Street, KKR, NBC News, Harvard University’s, for Housing Studies, Harvard, Income Housing Coalition, Ohio, Companies, Equity, Housing, Financial Reform, Financial, National Housing Law, Navy Yards, Washington , D.C, Brookfield Properties, Asset Management, District of Columbia, Federal Trade Commission, Brookfield, Federal Housing Finance Agency, Private Locations: Peter Welch of Vermont, Oregon, United States, U.S, Puerto Rico, America, Washington ,, California , Colorado , Florida, Georgia, North Carolina , New Jersey , Texas, Washington

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

Wall Street's top performers are hard workers who tend to work long, intense hours. Business Insider asked its 2024 class of Wall Street stars about how they stay mentally sharp. Here's what we learned about the hacks, habits, and routines that help top talent on Wall Street stay on their game. The routine helps him stay present with his home life as well as work, he added. But I think those two things help me to at least stay recharged and stay ready each day," he said.

Persons: —, Mark Zhu, Craig Kolwicz, Goldman Sachs, Corey White, Nina Gnedin, Blake Cecil, Chi Chen, Robert Sapolsky, Justin Elliott, Read, Palmer Osteen, KKR's, I've, That's, Daniela Cardona, America's White, Ben Carper, it's, there's, Matthew Eid, Holm, Reinhard Dirscherl, Melissa Ding, Wells, Annie Cheslin, she's, Margaret Williams, Morgan Stanley, Williams, Apollo's Austin Anton, Erica Wilson's, deadlifted, Harrison DiGia, Patrick Lenihan, barre, Elizabeth Stone Redding, Stone Redding, Matt Gilbert, Thoma, Gilbert, I'm, Dan, Feroz Khosla, isn't Organizations: Business, Service, Blackstone, Finance, Goldman, of America, Man Group, Productivity, Bridgewater Associates, Bank of America, Fidelity Investments, RBC, Bank, America's, Jefferies, Capital Advisory, Ares Management, Getty, BlackRock, Blue, General Atlantic, JPMorgan Asset Management, TPG, Thoma Bravo, Citadel Securities Locations: Blackstone, Chicago, San Francisco, Coast, Boston, Silicon Valley, New York, I'm, Maldives, he's, Thailand, Central Park

☆ What office meltdown? Developers see a shortage of high-end space and are rushing to build it.
▼ + stars: | 2024-10-03 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +12 min

Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.

Persons: —, Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE

☆ Investing giants want to offer retail traders access to a booming sector of financial markets
▼ + stars: | 2024-10-03 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

It would give retail investors access to a $1.7 trillion market. It could be tricky, as private credit tends to be illiquid while ETF investors need high liquidity. According to The Wall Street Journal, some of the biggest private equity and investment management giants want to offer retail investors access to exchange-traded funds backed by private credit. The race to launch private credit ETFs has heated up in recent months. Last month, State Street proposed a private debt ETF to the Securities and Exchange Commission.

Persons: —, Anna Paglia, Paglia, Eric Mogelof Organizations: Service, Wall Street, Apollo Global Management, BlackRock, Capital Group, KKR, Securities and Exchange Commission, Street's

☆ Apollo just set a goal to manage $1.2 trillion in private loans by 2029. These 7 slides show how it will get there.
▼ + stars: | 2024-10-01 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

AdvertisementThe biggest player in non-bank loans has set a massive new goal for itself: more than doubling its $562 billion private lending business to $1.2 trillion in five years. At $1.2 trillion, Apollo will manage as much in loans as JPMorgan Chase last year, according to data tracker Statista. Apollo plans to more than double both its private credit and equity businesses by 2029, which would bring total assets under management to roughly $1.5 trillion. At its last investor day in 2023, it set a goal to hit $1 trillion in total assets under management, including private loans, by 2026. AdvertisementHere's how Apollo plans to grow to over $1 trillion in private lending alone.

Persons: Marc Rowan, —, Blackstone, Rowan, John Zito, JPMorgan Chase, Jamie Dimon Organizations: Service, KKR, Apollo's AG InBev, InBev, Intel, Apollo, JPMorgan

☆ India to fabricate its first chip in two years as Nvidia, AMD and Micron pledge to expand to the country
▼ + stars: | 2024-10-01 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will fabricate its first chip in two years, Commerce Minister Piyush Goyal told CNBC during a one-on-one interview in New York. Nvidia , AMD , Micron are among the U.S. companies that have pledged to expand in the country. Goyal added that Indian behemoth Tata and other domestic companies are working to make India's semiconductor dream a reality. And according to Goyal, Indian customers are increasingly opting for the more expensive iPhones.

Persons: Piyush Goyal, chipmakers, Goyal, behemoth Tata, Narendra Modi, Apple, Warburg Pincus Organizations: of Commerce and Industry, Consumer Affairs, Food, Commerce, CNBC, Nvidia, AMD, Micron, behemoth, Taiwan Semiconductor Manufacturing Company, Samsung, U.S, Apple, BlackRock, KKR, Google, Microsoft Locations: India, New York, Silicon Valley, China, Goyal

☆ ValueAct takes a stake in Sanwa. How the activist can make a good company into a great one
▼ + stars: | 2024-09-28 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility construction materials, as well as the provision of maintenance and renovation services. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. Ahead of any shareholder value creation, ValueAct will likely call for increased shareholder returns in the form of buybacks to capitalize on the Sanwa's relatively low valuation. ValueAct is likely to continue as an active shareholder while Sanwa continues to do what it's been doing, just on a faster timetable. As an engaged investor, ValueAct has historically closed the gap between "good" and "great" by supporting management in executing its plan.

Persons: ValueAct, Rob Hale, Hale, Sanwa, Clopay, healthily, It's, Dalton, Ken Squire Organizations: Sanwa, Olympus, JSR, ValueAct, Griffon Corp, KKR, Nikkei, U.S, Dalton Investments, 13D Locations: Japan, North America, Europe, U.S, Asia

☆ 900 workers will share a $75 million pot after KKR sale — with some getting $325,000 windfalls
▼ + stars: | 2024-09-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

GeoStabilization International will share a $75 million pot with workers following its sale by KKR. About 900 staff will get payments of up to $325,000 following the sale. A KKR executive promotes Ownership Works, which calls for workers to get stakes in their companies. It will share $75 million of the proceeds with about 900 staff, mainly construction workers, at the geohazard mitigation and road safety services provider, KKR said. In April 2022, he launched Ownership Works , a nonprofit that promotes giving workers a stake in the businesses they work for.

Persons: —, Leonard Green, GeoStabilization, Pete Stavros, Stavros Organizations: KKR, Service, Leonard Green & Partners

☆ KKR pays out employees as much as $325K in sale of GeoStabilization International
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKKR pays out employees as much as $325K in sale of GeoStabilization InternationalPete Stavros, KKR global co-head of private equity, joins 'Power Lunch' to discuss the company's push for more employee ownership.

Persons: Pete Stavros Organizations: KKR, GeoStabilization

☆ An 'AI associate' for PE firms just launched. Here's a look at the pitch deck that helped it raise a $1.5 million seed round.
▼ + stars: | 2024-09-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

On Tuesday, Goldman and his cofounder, Shivaal Roy, launched Mako AI after building the startup for about a year. Before cofounding Mako with Goldman, Roy was an early engineering hire at Glean, an AI-enabled enterprise-search startup valued at $2.2 billion. So far, Mako has a handful of clients, including mid-market PE firms and growth-equity firms, including L.A.-based Shamrock Capital and San Francisco firm GroundForce Capital. Advertisement"The most important thing right now is getting this product from a first-year associate to a second-year associate," Goldman said. Here's the pitch deck Mako used to raise its $1.55 million seed round led by Khosla Ventures.

Persons: —, Danny Goldman, Goldman, Shivaal Roy, Mako, hasn't, Blackstone, OpenAI's, Roy, cofounding Mako Organizations: Service, Bain, Co, Business, Khosla Ventures, KKR, Shamrock Capital, GroundForce, Mako Locations: San Francisco

☆ German media empire Axel Springer to split in deal with KKR
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +3 min

Passers-by walk in front of the main entrance to the Axel Springer high-rise. The two sides had reached a deal in the summer to split Axel Springer, a source told Reuters on Saturday. KKR and its partner CPP Investments currently hold a 35.6% and 12.9% stake in Axel Springer, respectively, while Doepfner and Friede Springer hold 21.9% and 22.5%. Axel Springer had been preparing to float Stepstone but the planned initial public offering was shelved when war broke out in Ukraine in 2022. KKR and CPP Investments are now likely to target an IPO in the second half of 2025, according to an industry source.

Persons: Axel Springer, Mathias Doepfner, Axel Springer's, Springer, Friede Springer, Axel's, Doepfner, Friede Organizations: Politico, KKR, Reuters, Investments, Friede Springer, Springer Locations: Hamburg, North America, Aviv, Ukraine

☆ Capital Group: We see plenty of global opportunities outside the U.S.
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapital Group: We see plenty of global opportunities outside the U.S.Jody Jonsson, Vice-Chair at Capital Group, talks global investment strategy, placing emphasis on technology-driven sectors. She also talks about Capital Group's partnership with KKR to offer investors more access to private credit.

Persons: Jody Jonsson Organizations: Email, Capital Group, Capital, KKR Locations: U.S

☆ Calls of the Day: KKR, Super Micro, TJX and CrowdStrike
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: KKR, Super Micro, TJX and CrowdStrikeThe Investment Committee discuss the latest Calls of the Day.

Organizations: KKR, Super, Investment

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Meta, Marriott, Starbucks, Roku & more
▼ + stars: | 2024-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Stifel initiates Penumbra as buy Stifel said it's bullish on shares of the medical device company. Bank of America reiterates FedEx as buy Bank of America lowered its price target to $345 per share from $347 but said it's bullish heading into earnings next week. " Bank of America reiterates TJX Companies, Burlington and Ross as buy Bank of America said the off-price retailers are best positioned for younger generations. Bank of America reiterates Starbucks as buy The firm said it's standing by shares of the coffee giant. Bank of America reiterates Alphabet, Meta, Amazon and Uber as buy Bank of America said the internet tech companies are the best way for "more defensive positioning."

Persons: Stifel, it's, Bernstein, Apple, Morgan Stanley, Tesla, BTIG, JPMorgan, Wells, Wolfe, Ross, ROST, Goldman Sachs, Goldman, Needham, Uber, William Blair Organizations: PEN, HSBC, KKR, Co, Apple, Bank of America, FedEx, GE Healthcare, UBS, Talen Energy, JPMorgan, Civitas Resources, Micron, MU, Barclays, TJX Companies, BURL, Marriott, Computer, Guggenheim, Sirius XM, " Bank of America, Google, Nvidia, Broadcom Locations: China, Burlington, InfiniBand

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ It looks like the commercial real estate market has finally bottomed out — and experts say it's time to invest
▼ + stars: | 2024-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewThe embattled commercial real estate market may finally have a few things going its way, according to recent data. AdvertisementAnd yet, lending volumes are slightly improving, Moody's said. As these lenders are most exposed to commercial real estate, some analysts have warned that hundreds of banks risk failing in the next few years. Now, some see opportunity in the real estate market. "We think this will be an attractive vintage for real estate credit," analysts Matt Salem and Dakota Sagnelli wrote, later adding: "A growing number of commercial real estate transactions should increase the number of opportunities to lend, while the dearth of bank capital should keep yields attractive and spreads relative to corporate credit elevated."

Persons: —, Moody's, they've, Matt Salem, Dakota Sagnelli Organizations: Service, Business, Wall, KKR Locations: Dakota

☆ It looks like the commercial-real-estate market has finally bottomed out — and experts say it's time to invest
▼ + stars: | 2024-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewThe embattled commercial-real-estate market may finally have a few things going its way, according to recent data. That left owners with harder-to-pay debt, made worse by high interest rates and tighter bank lending. AdvertisementYet lending volumes are slightly improving, Moody's said. Related storiesMoody's expects bank lending to turn positive by the end of 2024. As these lenders are most exposed to commercial real estate, some analysts have said that hundreds of banks risk failing in the next few years.

Persons: —, Moody's, they've, Matt Salem, Dakota Sagnelli Organizations: Service, Business, Wall, KKR Locations: Dakota

Search resuls for: "kkr"

25 mentions found