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☆ Temasek aims to invest up to $10 billion in India as China weighs
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on Feb. 16, 2022 in Mumbai, India. India accounts for 7% of Temasek's global exposure which it wants to increase further, said Mohit Bhandari, the company's managing director for India investments. "We are bullish in India for the long term," Bhandari said in an interview at Temasek's Mumbai office. Temasek last week said that profits from investments in the United States and India were helping it cushion the impact of underperformance in China. Temasek also said that it is taking a cautious approach to China amid trade tensions.

Persons: Mohit Bhandari, Bhandari Organizations: Temasek Locations: Mumbai, India, Singapore, China, United States, Temasek

☆ Ozy Media founder Carlos Watson convicted in New York fraud trial
▼ + stars: | 2024-07-16 | by ( ) edition.cnn.com time to read: +3 min

Ozy Media and founder Carlos Watson were convicted of fraud by a Brooklyn federal jury on Tuesday, in a case accusing them of lying to investors about the now-defunct startup’s finances and sham deals with Google and Oprah Winfrey. Watson, a former cable news anchor and investment banker, and Ozy were each convicted of securities fraud conspiracy and wire fraud conspiracy, while Watson was also convicted of identity theft. The verdict follows a six-week trial that featured testimony by two former Watson deputies, who pleaded guilty to fraud. Ozy folded shortly after The New York Times reported on former chief operating officer Samir Rao’s impersonation of the YouTube executive. He said prosecutors’ view of Ozy’s finances was simplistic and failed to appreciate the nuances of media industry dealmaking.

Persons: Carlos Watson, Oprah Winfrey, Watson, Ozy, Goldman Sachs, Prosecutors, “, Breon Peace, Samir Rao’s, Rao, Alex Piper, Sundar Pichai, Watson’s, “ That’s, that’s, ” Organizations: Ozy Media, Google, “ Ozy Media, New York Times, YouTube, Ozy Locations: Brooklyn, California

☆ Why Goldman Sachs thinks the merger machine is revving up
▼ + stars: | 2024-07-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

"We are seeing a material increase in client demand for committed acquisition financing, which we expect to continue on the back of increasing M&A activity," he said. "We're seeing it in our dialogue with sponsors," Solomon said. On the strategic side, Goldman advised on the roughly $60 billion sale of the oil and gas company Pioneer to Exxon. Solomon said Goldman also expects to benefit from the uptick in demand through its lending capabilities. "When there are more M&A transactions, whether it was financial sponsors or big corporates, there is more financing attached to that," he said.

Persons: —, Goldman Sachs, David Solomon, Goldman, Solomon, Jamie Dimon, JPMorgan Chase, didn't, Dimon, Donald Trump, I'm, Permira Organizations: Service, Business, Investment, JPMorgan, Federal, Exxon Locations: Silicon Valley

☆ What billionaires and CEOs are wearing at this year's Sun Valley conference: Red, white, and corporate vests
▼ + stars: | 2024-07-13 | by ( Lakshmi Varanasi | Madeline Berg | ) www.businessinsider.com time to read: +1 min

Execs and celebs headed to the Sun Valley Conference this week, giving us a look into their style. The conference, known as 'summer camp for billionaires,' typically has a casual dress code. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEvery July, executives in tech, media, and finance flock to the small resort town of Sun Valley, Idaho, for the Allen & Co. Sun Valley Forum — aka "summer camp for billionaires." Attendees usually adhere to a simple dress code of t-shirts, vests, and athleisure for conference sessions in between the rounds of golf, schmoozing, and dealmaking.

Persons: — Organizations: Sun, Service, Allen, Co, Business Locations: Sun Valley , Idaho

☆ Investment banking is finally gaining steam. Here's why JPMorgan's Jeremy Barnum says it might not last.
▼ + stars: | 2024-07-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Barnum also said the bank's debt capital markets jump was due more to refinancing than fundraising for deals and raised concerns about the future of IPOs. 'Down round' fears haunt the IPO marketOn public issuances, which are handled by the bank's equity capital markets business, Barnum said he would have expected stronger numbers in more normal times. "The regulatory overhang is there, remains there," on the advisory side of the business, Barnum said. Barnum suggested that the flow of capital into credit could be slowing because there isn't enough dealmaking to justify continued fundraising.

Persons: —, JPMorgan Chase, Wells, Jeremy Barnum, Barnum, it's, Jamie Dimon, Dimon, Tom Williams, Biden, It's, You've Organizations: Service, JPMorgan, Business, Federal Reserve, Inc, Getty, Dow Jones Industrial Locations: Wall, Wells Fargo, Israel, Gaza, East, Russia, Ukraine, Central Europe

☆ Welcome back to Wall Street earnings season
▼ + stars: | 2024-07-11 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +6 min

But for now, we're turning to Wall Street in our big story, as big banks gear up to report their earnings. The big storyEarnings to watchMomo Takahashi/BIJust like that, it's Wall Street earnings season once again. Wall Street banks have been waiting for M&A, IPOs, and other fee-generating corporate dealmaking to come roaring back for two years. In May, the CEO shocked Wall Street by saying he plans to step down in the next five years . Will banks start charging for everyday consumer products like checking accounts?

Persons: —, Joe Biden's, Sen, Peter Welch, Biden, Momo Takahashi, Wells, Goldman Sachs, Morgan Stanley, Kaja Whitehouse, Jamie Dimon's, Kaja, Jefferies, Jamie Dimon, Wall, Marianne Lake, We're, Larry Fink, Jenny Chang, Rodriguez, Neil Dutta, Tesla's, Elon Musk, Jeff Bezos, Rich Guy, Alyssa Powell, Andrei Cojocaru, David Zaslav, isn't, Joe, Zaslav, Jordan Parker Erb, Lisa Ryan, Joe Ciolli, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democrat, Democratic, Hollywood, NATO, Business, showtime, JPMorgan, Citigroup, BlackRock, Bank of America, Getty, Warner Bros, Discovery, Air Lines, PepsiCo, Bureau of Labor Statistics Locations: New York, Chicago, London

☆ Sun Valley: Welcome to the secret summer camp for billionaires
▼ + stars: | 2024-07-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The vibe is trail-dad chic — think puffy Patagonia vests and Apple watches and stealth-wealth cashmere pullovers. Sun Valley is also widely believed to be the place where Jeff Bezos decided to buy The Washington Post, and the site of the meet-cute between Comcast and NBC Universal. There are also some notably absent names from the guest list this year. Bob Iger, CEO of Disney and one of the most recognizable business leaders on the planet, wore a name tag and aviators at last year's Sun Valley summit. Questions about President Joe Biden’s ability to campaign have wealthy donors and Democratic officials in a tizzy.

Persons: ”, Jeff Bezos, Warren Buffett, Sam Altman, Bob Iger, Tim Cook, Meta’s Mark Zuckerberg, Google’s Sundar Pichai, Rupert Murdoch, Oprah Winfrey, David Zaslav, Zaslav, Kevin Dietsch, There’s Buffett, Greg Abel, Buffett, Astrid, Elon Musk, Joe Biden’s, Gretchen Whitmer, Josh Shapiro, Wes Moore, Biden, it’s, Hamilton Nolan Organizations: New, New York CNN, Friedman, Allen & Company, Washington Post, Comcast, NBC Universal, Idaho Mountain Express, Disney, Warner Bros, Bloomberg, Variety, Discovery, Paramount, Democratic Locations: New York, Hailey , Idaho, Sun Valley , Idaho, Idaho, America, Sun

☆ Music Catalog Giant Hipgnosis Is Sold, and Merck Mercuriadis Exits
▼ + stars: | 2024-07-09 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

Six years ago, an outspoken music executive named Merck Mercuriadis kicked off a new wave of dealmaking in the industry when his company, Hipgnosis, began buying up the song catalogs of artists like Neil Young, Shakira, Justin Bieber and the Red Hot Chili Peppers. In the company’s complex structure, Hipgnosis Songs Fund is an “investment trust,” which is listed on the London Stock Exchange and owns the rights to tens of thousands of songs. A separate company, Hipgnosis Song Management — which has been run by Mercuriadis — is its “investment adviser,” doing much of the dealmaking and administration work for those songs. In 2021, Blackstone invested $1 billion to take majority control over the adviser firm. The board of Hipgnosis Songs Fund voted on Monday to accept Blackstone’s offer of $1.6 billion for the company’s assets, the company announced early Tuesday.

Persons: Merck Mercuriadis, Neil Young, Shakira, Justin Bieber, Beyoncé, Elton John, Mercuriadis —, ”, Blackstone Organizations: London Stock Exchange

☆ Paramount Global merges with Skydance, creating 'New Paramount'
▼ + stars: | 2024-07-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Paramount Global's board approved a merger with Skydance on Sunday. This marks the end of a tumultuous deal process and a new era for the troubled media giant. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementParamount Global, the troubled media giant that owns CBS and Nickelodeon, has agreed to merge with David Ellison's Skydance Media production company, creating "New Paramount," the companies announced late Sunday evening. The announcement marks the end of a shaky dealmaking process and a new chapter for Paramount.

Persons: Skydance's David Ellison, —, David Ellison's Organizations: Paramount, Skydance, Service, CBS, Nickelodeon, Media, Business

☆ Real-estate agents are now TV stars as big as the homes they sell, according to 2 men who saw potential 20 years ago
▼ + stars: | 2024-06-30 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

AdvertisementBut the process sparked an idea: Real-estate brokers might be stars who are just as big as the homes they sell. Real estate was not an easy sell to TV executives at firstThe cast of Barbato and Bailey's new show, "Owning Manhattan," on Netflix. For "Owning Manhattan," the duo said they filmed 20 different sales listings represented by Serhant and his fellow brokers, but only seven resulted in deals. In the first episode of "Owning Manhattan," Serhant shows off a listing atop the world's tallest residence, the three-story penthouse at Central Park Tower, asking $195 million. Viewers will follow Serhant in "Owning Manhattan" as he attempts to make his namesake brokerage firm the No.

Persons: —, Fenton Bailey, Randy Barbato, Debby Berg, Berg, Barbato, Bailey, Tracy Tutor, Altman, Ryan Serhant, Theo Wargo, he's, Gore, That's, dealmaking, Serhant, We're, They're Organizations: Service, Business, Hollywood, Los Angeles, Bravo, Netflix, Gore Vidal's, Tower Locations: Angeles, Los Angeles, New York City, LA, Brentwood, Beverly Hills, New York, Miami, San Francisco, Manhattan, Los Angeles and New York, Gore Vidal's Los Angeles, Real

☆ M&A dealmaking landscape is showing signs of life, PwC report finds
▼ + stars: | 2024-06-20 | 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 EmailM&A dealmaking landscape is showing signs of life, PwC report findsKevin Desai, U.S. Deputy Deals Platform Leader at PwC, discusses the state of M&A, dealmaking, and IPOs.

Persons: PwC, Kevin Desai Locations: PwC

☆ This fintech configures expense cards to block misuse — and investors just backed it with millions
▼ + stars: | 2024-06-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards to give companies control over how their employees use their corporate payment cards. CleverCards CEO Kealan Lennon says his platform aims to tackle exactly that. Lennon said that CleverCards' funding round stood out in what has been a brutal market for dealmaking and fundraising in fintech. CleverCards will use the fresh funds to expand its business, scale its products and explore broader opportunities, it said. In addition to the fundraise, CleverCards appointed five new non-executive directors to its board with experience in payments technology.

Persons: Robert Half, Kealan Lennon, Lennon, CleverCards, CleverCard, It's, we've, Patrick Waldron, Donal Daly, Marc Frappier, Garry Lyons, Viktoria Otero del Val Organizations: CNBC, eBay, Accenture, Microsoft, Apple, Stripes Locations: Dublin, France, Adyen, Betfair, fintech

☆ Biotech dealmaking shows signs of life, says Portal Innovations CEO
▼ + stars: | 2024-06-14 | 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 EmailBiotech dealmaking shows signs of life, says Portal Innovations CEOJohn Flavin, Portal Innovations, joins 'Fast Money' to talk dealmaking in the biotech space.

Persons: John Flavin Organizations: Biotech

☆ American Securities CEO: Companies can thrive and prosper in the U.S. and expand internationally
▼ + stars: | 2024-06-13 | 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 EmailAmerican Securities CEO: Companies can thrive and prosper in the U.S. and expand internationallyAmerican Securities CEO Michael Fisch joins 'Money Movers' to discuss how rates affect the dealmaking space, whether there's more money to go to investors soon, and more.

Persons: Michael Fisch Organizations: American Securities Locations: U.S

☆ Here are 9 stocks that can benefit from Fed interest rate cuts
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Housing We see Stanley Black & Decker as a major beneficiary of Fed rate cuts due to its link to the housing market. On the one hand, lower rates mean a bank like Wells Fargo makes less money on the money it lends. Biotech Danaher should also see some benefit as lower rates lead to improved funding dynamics for biotech companies. Like in housing, monthly payments become far more manageable at lower rates, and therefore affordability and demand, stand to increase. Salesforce , which has also highlighted more measured deal activity, might not benefit as much from lower rates.

Persons: Jerome Powell, Stanley Black, Decker, Stanley, That's, Wells, Morgan Stanley, SVB, Ford, We're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nasdaq, CNBC, Fed, Biotech, Silicon Valley Bank, Ford, Palo, Networks, Microsoft, Jim Cramer's Charitable, Bloomberg, Getty Locations: Wells, Wells Fargo, Silicon Valley, Colma , California

☆ With signs of an M&A comeback, Goldman Sachs' bankers are raring to win. Do they still have what it takes following a raft of partner exits?
▼ + stars: | 2024-06-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.

Persons: —, Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America

☆ Why oil companies are raking in record profits under Joe Biden
▼ + stars: | 2024-06-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. In the last three and a half years, US oil production — and oil and gas company profits — have broken records. That’s a 160% jump compared to the first three years of the pro-big-oil Trump administration, according to calculations by CNN. However, in March, the Biden administration approved ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope, which holds around 600 million barrels of oil, angering climate advocates. Despite his mixed record with oil and gas companies, though, Biden has presided over a historic run for the industry, Kloza said.

Persons: Donald Trump, Joe Biden, Trump, Biden, That’s, —, Tom Kloza, ”, Hess, Chevron’s, Abdullah Hasan, Darren Woods, Mike Wirth, Woods, Obama, Bob McNally, Kloza, ” Kloza, “ It’s Organizations: CNN, Global, ExxonMobil, Chevron, ConocoPhillips, Resources, Schlumberger, Oil Price Information Service, US Energy Information Administration, Oil, Natural Resources, Exxon, White, Shareholders, Microsoft, Apple, The Washington Post, Keystone XL, Rapidan Energy Group, Republican Locations: United States, Ukraine, Boon, dealmaking, The

☆ Trump is dangling a lot of promises for a second term as he seeks support in new spaces
▼ + stars: | 2024-06-11 | by ( Steve Contorno | ) edition.cnn.com time to read: +9 min

CNN —Former President Donald Trump lately has dangled some very specific promises to his audiences. But Trump’s campaign has prioritized flipping Nevada and the Democratic Party’s historical advantage in Latino communities, and polling suggests they have made progress on both fronts. Trump’s campaign confirmed the former president intends to seek a legislative change. “President Trump will ask Congress to eliminate taxes on tips,” spokesperson Karoline Leavitt told CNN. Trump has published an entire website to host many of his proposals for a second term.

Persons: Donald Trump, Trump, Joe Biden’s, ” Trump, hasn’t, Ron Wyden, Sheldon Whitehouse, Trump’s, “, ”, Karoline Leavitt, “ Joe Biden, Biden, Chase Oliver, Ross Ulbricht, Ulbricht, Ross, Joe Biden, ” Oliver, Harris, ” Biden, Quentin Fulks, headwinds, Shawn Fain Organizations: CNN, Las, Libertarian, Trump, Republican, Biden, Democratic, National Rifle Association, Senate Democrats, Washington Post, Oregon Democrat, Rhode, Culinary Workers Union Local, Garden State, US Department of Justice, Black Voters, Black, United Auto Workers, Fox Locations: Las Vegas, Michigan, In Nevada, Nevada, U.S, Oregon, Rhode Island, Wildwood , New Jersey, Garden, battlegrounds, Detroit

☆ Wednesday’s rapid fire: CrowdStrike, Hewlett Packard Enterprise, Dollar Tree, Campbell Soup and Instacart
▼ + stars: | 2024-06-05 | 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 EmailWednesday’s rapid fire: CrowdStrike, Hewlett Packard Enterprise, Dollar Tree, Campbell Soup and InstacartCNBC’s Jim Cramer on Wednesday discussed the earnings reports of companies such as CrowdStrike and dealmaking headlines around Dollar Tree.

Persons: Campbell, Instacart CNBC’s Jim Cramer Organizations: Hewlett Packard Enterprise

☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ A millennial who had a mini-retirement at 38 shares her strategies for achieving financial independence — and why she wants to return to the workforce
▼ + stars: | 2024-05-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

When her daughter enrolls in kindergarten soon, Horrocks said she will return to the workforce but not to the high-stress position she held. Instead, given the luxury to pursue her passions, she's considering financial coaching or planning as options. "I think work is not the goal. She no longer needs to strive for the highest-paying or most prestigious position, and she's considered becoming a financial coach to help people achieve their financial goals. "Also, a lot of financial advisors don't have their client's best interests at heart and aren't wealthy themselves."

Persons: Sabina Horrocks, Horrocks, isn't hustles, Nobody's, We've, They've, we've, she's Organizations: Service, Business, Advisors Locations: Chicago

☆ Raymond James' Sunaina Sinha Haldea: There's more hope on the horizon for dealmaking
▼ + stars: | 2024-05-23 | 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 EmailRaymond James' Sunaina Sinha Haldea: There's more hope on the horizon for dealmakingSunaina Sinha Haldea, Raymond James Global head of private capital advisory, joins 'Closing Bell Overtime' to talk private versus public markets, real estate investing, and more.

Persons: Raymond James, Sunaina Sinha Haldea, Raymond James Global

☆ Why I Quit Goldman Sachs' Rigid, Male-Dominated Culture
▼ + stars: | 2024-05-21 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +11 min

The lack of female leadership in the financial industry is nothing new, but many companies have been making strides. But as I watch senior women continue their exodus from Goldman, I'm not sure the company actually wants to change. While many companies have modernized to embrace hybrid and remote work, Goldman has not. Rather than changing its "be in the office every day and grind it out" culture to better suit women, Goldman puts the onus on us to change ourselves to fit the model. But Goldman leadership seems to want the benefits of gender diversity without the hard work of supporting diverse leadership styles.

Persons: Goldman Sachs, —, Dina Powell McCormick, Beth Hammack, Stephanie Cohen, Goldman, I'd, It's, it's, Morgan Stanley, Jamie Dimon, David Solomon, I'm, hadn't, Julia Boorstin, — Goldman, I've, she's, Asahi Pompey, Yassaman Salas, Rebecca Anderton, Davies, Lindsay MacMillan Organizations: Street Journal, Goldman, Citi, JPMorgan, International Workplace, McKinsey, LinkedIn, CNBC, Deloitte, Asahi Locations: Canada, London, New York

☆ Neom's push for foreign investment is getting trickier after allegations of Saudi brutality
▼ + stars: | 2024-05-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. The BBC reported that Saudi officials were given a license to use lethal force to clear land. But underneath the image is a far darker reality, say campaigners, which could threaten the foreign cash and expertise Saudi Arabia needs to realize its ambitions. Though his decision took place in 2022, it was given new urgency by a whistleblower giving more detail on how Saudi officials may have acted. Amnesty International said businesses ought to be wary of doing deals in Saudi Arabia and called for UK officials to push for an independent investigation into the Neom land clearances.

Persons: —, Malcolm Aw, Col Rabih Alenezi, Dana Ahmed, Mohammed bin Salman, Jamal al, Neom Organizations: BBC, Saudi, Service, UN, Telegraph, Amnesty International, Amnesty, Politico, The Atlantic Council, Business Locations: Saudi Arabia, Saudi

☆ Squarespace to go private in $7 billion private-equity deal
▼ + stars: | 2024-05-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing. Squarespace , the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. All three have approved the transaction and will continue to be investors after the Permira deal closes. Qualtrics, for example, was spun off from SAP in 2021 and was quickly taken private again in 2023 by Canada's pension plan and Silver Lake in a $12.5 billion deal. Japanese giant Toshiba also went private in 2023 in a $13.6 billion deal, after years of speculation and tumult, including a sustained engagement with activist investor Elliott.

Persons: Squarespace, Permira, Anthony Casalena, Ares Capital, Anthony, David Erlong, Squarespace's, Elliott, Morgan, Skadden, Richards, Layton, Finger, Goldman Sachs, Watkins Organizations: New York Stock Exchange, Inc, Accel, General Atlantic, Ares, Blackstone, SAP, Toshiba, Investors, Latham Locations: J.P

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