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Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources. They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund. "The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28. In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.
Persons: Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio Organizations: Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson Locations: Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York
The ruling came on the final day of the Supreme Court's term that began in October. At issue in the case was whether Corner Post was too late when it brought its legal challenge. A group of small business associations had filed a brief urging the Supreme Court to maintain a strict statute of limitations that begins at the time a regulation is finalized. The Supreme Court in 2015 left in place a lower court's ruling backing the regulation. Circuit Court of Appeals upheld Traynor's decision, setting up the Supreme Court appeal.
Persons: Dado Ruvic, Charles Koch's, Joe Biden's, Dodd, Frank Wall, Daniel Traynor, Traynor's, John Kruzel, Will Dunham Organizations: REUTERS, Companies, Mastercard, WASHINGTON, U.S, Supreme, Federal, U.S . Chamber of Commerce, Federal Reserve, of Governors, District, Circuit, Fed, Thomson Locations: North Dakota, Watford City, Corner, St, Louis
Climate control activists are led away by the NYPD after being detained outside the global headquarters of Citigroup in New York City, U.S., June 28, 2024. REUTERS/Kent J. Edwards Purchase Licensing Rights New Tab , opens new tabItem 1 of 6 Climate control activists are led away by the NYPD after being detained outside the global headquarters of Citigroup in New York City, U.S., June 28, 2024. REUTERS/Kent J. EdwardsCompanies Company Citigroup Inc FollowJune 28 (Reuters) - Dozens of climate activists were arrested after protesting at Citigroup's (C.N) New Tab , opens new tab headquarters in New York on Friday as part of what they called a "Summer of Heat" campaign. The activists expected more than 1,000 people to participate in the demonstration, according to a statement ahead of the protest. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights
Persons: Kent J, Roishetta Ozane, Burns, summonses, Makailah Gause, Jacqueline Wong, Lananh Nguyen, Leslie Adler Organizations: NYPD, Citigroup, REUTERS, Edwards Companies Company Citigroup, Police, New York City Police Department, Citi, Reuters, Thomson Locations: New York City, U.S, New York, Manhattan, Citi's, New
Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.
Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific
Many merchants and trade groups including the National Retail Federation opposed the accord, saying card fees would remain too high, while Visa and Mastercard would retain too much control over card transactions. The decision could force Visa and Mastercard to negotiate a settlement more favorable to merchants, or go to trial. Visa and Mastercard said they were disappointed with the outcome. Some U.S. senators have promoted legislation, the Credit Card Competition Act, to let merchants use other payment networks to process Visa and Mastercard transactions. The judge's decision does not affect an earlier $5.6 billion class action swipe fee settlement among Visa, Mastercard and about 12 million merchants.
Persons: Brendan McDermid, Margo Brodie, Brodie, Nilson, Doug Kantor, Jonathan Stempel, Deepa Babington, Leslie Adler Organizations: Mastercard Inc, New York Stock Exchange, REUTERS, Companies, Mastercard, National Retail Federation, Visa, National Association of Convenience Stores, U.S, Merchant Discount Antitrust Litigation, Court, Eastern District of, Thomson Locations: New York City, U.S, Brooklyn, Manhattan, Eastern District, Eastern District of New York, New York
REUTERS/Bobby Yip/File Photo Purchase Licensing Rights New Tab , opens new tabJune 26 (Reuters) - A look at the day ahead in Asian markets. The first definition that appears in an online search for the meaning of "resilience" is "the capacity to withstand or to recover quickly from difficulties; toughness." In that light, the direction Asian markets are liable to take on Wednesday is hard to call. Broader concerns about the weakness of the yen and potential intervention from Japanese authorities, and the Chinese yuan's steady depreciation, still hang heavily over Asian markets. Here are key developments that could provide more direction to markets on Wednesday:- Australia inflation (May)- RBA assistant governor Kent speaks- Singapore manufacturing production (May)Sign up here.
Persons: Bobby Yip, Tuesday's, Christopher Kent, Kent, Jamie McGeever Organizations: Hong Kong Stock Exchange, REUTERS, Nvidia, Tuesday's U.S, Reserve Bank of Australia, Bank of Japan, U.S, Reuters, Thomson Locations: Hong Kong, China, U.S, Tuesday's, Singapore, Australia
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.
Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul
A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. Doordash shares fell 2% to $111.68 after the report, before recovering some of that loss. However this year, those shares were automatically converted into class A shares, Deliveroo's IPO prospectus shows. Online food delivery companies have looked to pivot away from unprofitable markets. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights
Persons: Carlo Allegri, Doordash, Deliveroo's, Will Shu, Shu, Deliveroo, Greg Orlowski, Tony Xu, U.S . Doordash, Uber, Amy, Jo Crowley, Abigail Summerville, Anousha Sakoui, Alexander Smith, Nick Zieminski Organizations: REUTERS, Companies, Deliveroo, Chevron, DST Global, Sunday Times, Financial Times, U.S ., Wolt, United Arab, Thomson Locations: Manhattan, New York City , New York, U.S, Chevron San Francisco, London, Taiwan, Deliveroo, France, United Arab Emirates, Hong Kong
REUTERS/Brendan McDermid/File Photo/File Photo Purchase Licensing Rights New Tab , opens new tabJune 25 (Reuters) - Investment firm KKR (KKR.N) New Tab , opens new tab acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion. The portfolio includes 5,200 units across California, Washington, Florida, Texas, Georgia, North Carolina, Colorado and New Jersey. "We believe this is a great moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets," said Justin Pattner, KKR's head of real estate equity in the Americas. KKR will partner with prominent multifamily real estate operators Carter-Haston, MG Properties and Dalan Real Estate to operate the assets. New Tab , opens new tab
Persons: Brendan McDermid, Quarterra, Justin Pattner, Carter, Pritam Biswas, Krishna Chandra Organizations: KKR, New York Stock Exchange, REUTERS, Investment, Thomson Locations: New York, U.S, California, Washington , Florida , Texas, Georgia, North Carolina , Colorado, New Jersey, Americas, Bengaluru
"Based on the preliminary results from last week's shareholder meetings, it is clear that shareholders have rejected both Saba's nominees and its efforts to displace BlackRock as investment advisor to the Funds," BlackRock said in a statement. Saba, run by prominent investor Boaz Weinstein, and BlackRock, the world's biggest asset management company with more than $10 trillion in assets under management, have been locked in battle for months over the future of 10 BlackRock closed end funds. Saba wants investors to elect its nominees to the BlackRock funds' boards and fire BlackRock as manager at some of them. Some $1.4 billion in value could be unlocked at the funds by cutting the funds' discount to their net asset value, he has said. The 10 BlackRock funds jointly oversee roughly $10 billion in assets.
Persons: Brendan McDermid, BlackRock, Boaz Weinstein, Saba, Weinstein, Svea Herbst, Bayliss, Josie Kao Organizations: REUTERS, BlackRock, Saba Capital Management, Services, BIGZ, ISS, Svea, Thomson Locations: BlackRock, New York City, U.S, Saba
OpenAI delays rolling out its 'Voice Mode' to July
  + stars: | 2024-06-25 | by ( ) www.reuters.com   time to read: +1 min
OpenAI logo is seen in this illustration taken, March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Purchase Licensing Rights New Tab , opens new tabJune 25 (Reuters) - ChatGPT maker OpenAI said on Tuesday that it was delaying the release of its "Voice Mode" feature by a month to July because of technical issues. We're also working on improving the user experience and preparing our infrastructure to scale to millions while maintaining real-time responses," OpenAI said in a post on social media platform X. OpenAI is also working on rolling out new video and screen-sharing capabilities. Reporting by Juby Babu in Mexico City; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, OpenAI, We're, Juby Babu, Pooja Desai Organizations: REUTERS, ChatGPT, Thomson Locations: Mexico City
NEW YORK, June 25 (Reuters) - Shares of Nvidia (NVDA.O) New Tab , opens new tab surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value. Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights
Persons: Tom Hayes, it's, Hayes, Tyrone Siu, Tom Plumb, Plumb, you've, Mario Iachini, Chibuike Oguh, Saqib Iqbal Ahmed, Suzanne McGee, Medha Singh, Lewis Krauskopf, Ira Iosebashvili, Chris Reese, Aurora Ellis, David Gregorio Our Organizations: YORK, Nvidia, Great, Nvidia Corporation, REUTERS, Plumb Funds, Ortex Technologies, Vanda Research, Thomson Locations: New York, Taipei, Taiwan
A logo on the new Aston Martin DBX at the new Aston Martin Lagonda factory in Barry, Wales, Britain February 21, 2020. The company will produce only 38 units of the Valiant, a vehicle designed by the Aston Martin team alongside Formula One driver and two-time world champion Fernando Alonso. Alonso is one of Aston Martin Aramco Formula One Team's drivers, alongside Stroll's son, Lance. Aston Martin Racing and Aston Martin Lagonda are distinct entities. New Tab , opens new tab
Persons: Aston Martin DBX, Aston Martin, Rebecca Naden, Fernando Alonso, Lawrence, Valiant, Alonso, Aston, Stroll's, Lance, Aston Martin Lagonda, Yadarisa, Devika Organizations: REUTERS, Aston, Formula, Reuters, Aston Martin Aramco, One, Aston Martin Racing, Thomson Locations: Barry , Wales, Britain, British, Saudi, Bengaluru
Moreover, the partnership will enable Rivian to cut operating costs by leveraging volumes of supplies including chips and components, he said. It will also help Rivian, known for its flagship R1S SUVs and R1T pickups, turn cashflow positive. Volkswagen will immediately invest $1 billion in Rivian through a note that will convert to stock on Dec. 1, subject to regulatory approvals. The German automaker will also invest $2 billion in Rivian stock - $1 billion each in 2025 and 2026 - subject to the startup hitting certain milestones, and provide a $1 billion loan in 2026. Rivian stock has halved so far this year.
Persons: Stephane Mahe, RJ Scaringe, Vitaly Golomb, Herbert Diess, Diess, Rivian, Scaringe, Sam Fiorani, Mavka Capital's Golomb, VW's Cariad, Abhirup Roy, Ben Klayman, Noel Randewich, Christina Amann, Harshita Varghese, Sayantani Ghosh, Rod Nickel, Matthew Lewis, Leslie Adler Organizations: Volkswagen, REUTERS, Reuters, JV, Audi, Porsche, Lamborghini, Bentley, Volkswagen Group, Mavka, VW, AutoForecast Solutions, Traders, S3 Partners, Rivian, Thomson Locations: Reze, Nantes, France, Europe, Asia, North America, U.S, German, South Carolina, San Francisco, Detroit, Oakland , California, Berlin, Bengaluru
Courtesy of Danielle BeneckeA lawyer's copilotFounded in 1949, Baker McKenzie has over 6,500 lawyers working in 70 offices worldwide. The firm's work building generative AI to produce legal draft advice for high-volume employment-law questions recently won an award from Law.com. Courtesy of Jake HellerAI won't replace lawyersThere's another fear likely to push lawyers toward AI: other lawyers. Lawyers might also turn to AI to address a force meant to tame AI: regulation. "I think in three to five years, not using AI for legal work will be tantamount to refusing to use online search for legal work today," Ziniti said.
Persons: Michael Cohen, Donald Trump, Cohen, isn't, Danielle Benecke, Baker McKenzie, Benecke, Cecilia Ziniti, It's, copilot, Ziniti, Cecilia Ziniti Ziniti, CoCounsel, CoCounsel isn't, Jake Heller, Thomson, Heller, they'd, it's Organizations: Google, Law.com, Federal Trade Commission, Microsoft, AI's, IBM, CoCounsel, Thomson Reuters, Times, American Bar Association
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The startup, Superlegal, just raised $5 million in seed funding in a round led by Israeli VC funds Aleph and Disruptive AI. The startup says it has the only AI licensed to practice law in the US. One such startup, Robin AI, raised a Series B funding round earlier this year for its gen AI-powered contract drafting and review technology. Here's a look at the 14-slide pitch deck Superlegal used to raise its $5 million seed round.
Persons: , Tom Glover, Westlaw —, Superlegal, Noory, hasn't, AI, Bechor Organizations: Service, Israeli, Alicorn Venture Capital, Thomson Reuters, Business, Utah Locations: Israel
This lets the government tackle specific jobs and projects quickly without all the steps of regular government hiring and bureaucratic obstacles. Thomson ReutersThere are a wide range of large government contracting companies that the government regularly makes deals with. John Breth, 40, worked in government contracting roles for 12 years before starting his own contracting company. If awarded the contract, you have to meet specific requirements set by the government, which may involve getting clearances or certifications. Once you understand the landscape better, you'll be able to recognize which jobs you qualify for and define your path forward.
Persons: , Lockheed Martin, Lauren Irizarry, John Breth, Kevin Jennings, Jennings, you'll Organizations: Service, Department of Labor, Business, Raytheon, Thomson Reuters, Defense, Lockheed, Boeing, Northrop Grumman, Judge, US Small Business Administration Locations: Woburn, sba.gov
Evercore ISI reiterates Netflix as outperform Evercore raised its price target on Netflix to $640 per share from $600. Citi downgrades Chubb to neutral from buy Citi said it sees a more balanced risk/reward for the insurance company. Goldman Sachs upgrades Citi to buy from neutral Goldman said in its upgrade of Citi that shares are "compelling." Citi reiterates Nvidia as buy Citi said after a series of investor meetings that Nvidia is a "most favored name." Bernstein reiterates Nvidia and Broadcom as outperform Bernstein said Nvidia and Broadcom are still top picks at the firm.
Persons: Deere, Truist, Bernstein, Tesla, Citi downgrades Chubb, Goldman Sachs, Goldman, Wells, Berenberg, it's, Caterpillar, Morgan Stanley, Meta, Utz, Armour, Evercore, Kevin Plank, Stephanie Linnartz, Jack, Argus Organizations: Deere, UBS, Netflix, Citi, Logitech, Barclays, Thomson Reuters, Caterpillar, Nvidia, Micron, Facebook, Raytheon, Bank of America, of America, Utz, UAA, JPMorgan, IBM, Broadcom, VMware, Argus, Oracle, Oracle Corp Locations: Williams, Sonoma
On Monday in Manhattan, Allen Weisselberg pleaded guilty to two state felony counts of perjury. Both lies involved the size of Donald Trump's Trump Tower penthouse on Fifth Avenue in Manhattan. AdvertisementAllen Weisselberg had little choice but to plead guilty to perjury after Manhattan prosecutors caught him blatantly lying about lying, as they revealed in court Monday. Weisselberg was at that sit-down with Forbes, assistant Manhattan district attorney Gary Fishman said Monday, during the ex-CFO's plea hearing. Engoron and state officials have contended that the square footage was intentionally inflated by Trump and Weisselberg as far back as 2012.
Persons: Allen Weisselberg, Donald Trump's Trump, , Trump's, inescapably, Trump, He'd, Donald Trump's, Arthur Engoron, Donald Trump, Forbes, Weisselberg, Gary Fishman, he'd, Stormy Daniels Organizations: Trump Org, Service, Trump Organization, NY, General's, New York, Trump, New York Thomson Reuters, Forbes Locations: Manhattan, New York City, New York
Team owners will meet at the annual league meeting in March to discuss private equity. The investment ownership model is favored in the NBA, MLB and NHL— but not in the NFL. So, what will a rule change mean for institutional investors and their Wall Street brokers, as well as owners and sports fans? Experts also think NFL team owners' "wealth would increase drastically," said Rotthoff— due to the considerable profits they've already made from team valuations in the past decade. Wall Street investment banks could also benefit in their role as advisors to wealthy investors and sports teams, including helping to connect buyers with sellers.
Persons: , Josh Harris, Mark Patricof, Carrie Potter, Mellody Hobson, Condoleezza Rice, Sir Lewis Hamilton, Kurt Rotthoff, Dwayne Wade, Venus Williams, Eric Thomas, Gil Fried, Rotthoff, Rob Gronkowski, Spencer Platt, Goldman Sachs, Thomson, Taylor Swift, Jamie Squire, Potter, Fried Organizations: NBA, MLB, NHL, NFL, Service, Silicon, Forbes, The, Patricof, Rice, Denver Broncos, Seton Hall, Wall, Kansas City Chiefs, West, Sport Finance, Sports, Group, Wall Street, Chiefs, Dolphins, Getty Locations: The Washington, Crestview, United States, Orlando , Florida, West Florida
NASA's Scientific Visualization StudioTens to hundreds of millions of people across the US will get to experience a partial solar eclipse on April 8. Scout your spot — then have a backupClouds can block out and ruin the experience of a total solar eclipse. Laurie Ambrose/Getty ImagesThe most important factor for great eclipse photos is something we can’t control: the weather. Consider renting equipmentYou can see the solar corona as thin white whisps jutting out from the moon's shadow in this photo of a total solar eclipse. Enjoy itThis year's total solar eclipse is a once-in-a-lifetime event for some.
Persons: , ” astrophotographer Jon Carmichael, what's, Carmichael, Andrew Studer, you’re, “ It’s, Laurie Ambrose, Getty, Jon Carmichael, Studer, PhotoPills, Doug Duncan, Jon Carmichael It’s, ” Carmichael, Manfred Gottschalk, you’ve, It’s, ” Studer, Thomson, Jon Carmichael Carmichael’s, keng cheong, Sean Gallup Organizations: Service, Business, National Geographic, BBC, Great, Hubble Space, Thomson Reuters, Getty Locations: Texas, Maine
Israel's Netanyahu Says Victory in Gaza Is Within Reach
  + stars: | 2024-02-07 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: 1 min
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Wednesday total victory in Gaza was within reach as he rejected the latest offer from Hamas for a ceasefire to ensure the return of hostages still held in the besieged enclave. Netanyahu renewed a pledge to destroy the Islamist movement, saying there was no alternative for Israel but causing the collapse of Hamas. "The day after is the day after Hamas. All of Hamas," he told a news conference. (Reporting by Henriette Chacar; Editing by James Mackenzie and Gareth Jones)Copyright 2024 Thomson Reuters.
Persons: Benjamin Netanyahu, Netanyahu, Henriette Chacar, James Mackenzie, Gareth Jones, Thomson Organizations: Thomson Reuters Locations: JERUSALEM, Gaza, Israel
CAIRO (Reuters) -No attack on the al-Harir air base hosting U.S. forces in northern Iraq was detected on Saturday, three security sources told Reuters, shortly after Islamic Resistance in Iraq militants claimed to have targeted the base. On Friday, the U.S. military launched airstrikes in Iraq and Syria against more than 85 targets linked to Iran's Revolutionary Guard (IRGC) and the militias it backs, in retaliation for last weekend's drone attack in northeastern Jordan that killed three U.S. troops. Since the Israel-Hamas war in the Palestinian territory of Gaza began in October, the U.S. military has come under attack at least 100 times in Iraq and Syria, usually with a mix of rockets and one-way attack drones. (Reporting by Timour Azhari and Enas Alashray; editing by Mark Heinrich)Copyright 2024 Thomson Reuters.
Persons: Timour Azhari, Mark Heinrich, Thomson Organizations: Reuters, Iraq, U.S ., Revolutionary Guard, Thomson Reuters Locations: CAIRO, Iraq, Syria, Jordan, Israel, Gaza
(Reuters) - The U.S. Central Command said on Saturday that U.S. forces conducted strikes in self-defense against six Houthi anti-ship cruise missiles prepared to launch against ships in the Red Sea. U.S. forces identified the cruise missiles in Houthi-controlled areas of Yemen and determined they presented an imminent threat to U.S. Navy ships and merchant vessels in the region, the statement added. (Reporting by Gursimran Kaur in Bengaluru; Editing by Diane Craft)Copyright 2024 Thomson Reuters.
Persons: Gursimran Kaur, Diane Craft, Thomson Organizations: Reuters, U.S . Central Command, U.S . Navy, Thomson Reuters Locations: Red Sea . U.S, Yemen, Bengaluru
Thomson Reuters Buys Majority Stake in Pagero
  + stars: | 2024-01-15 | by ( P.R. Venkat | ) www.wsj.com   time to read: 1 min
The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City. Photo: carlo allegri/ReutersThomson Reuters said it has bought a majority stake in the Pagero Group , taking it closer toward full control of the latter. Apart from the key shareholders, including Summa Equity, Pagero’s chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday.
Persons: carlo allegri, Reuters Thomson, Bengt Nilsson, Thomson Organizations: Thomson Reuters, Reuters, Reuters Thomson Reuters, Pagero, Summa Equity Locations: Manhattan, New York City
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