According to a report from the New York Post, Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private. Musk, Twitter’s second-biggest shareholder, has a 9.1% stake in the company…. Read More ›
private
Private equity firms scramble to exit from China’s education sector
With China enacting a new law that bans private tutoring firms from making a profit from teaching core school subjects and raising capital, private equity investors are scrambling to exit the sector after pouring billions of dollars into it. With… Read More ›
Blackstone commits $150 million in seed funding to new hedge fund ApaH Capital Management
According to two sources familiar with the matter at hand, Blackstone Group is committing $150 million in start-up capital to a hedge fund that is run by a former senior executive at Lone Star Funds. According to one of the… Read More ›
France earmarks $21.7 billion for corporate bailouts of public & private companies
On Friday, French Finance Minister Bruno Le Maire stated, the French government has allocated $21.7 billion (20 billion euros) for helping big companies shore up their capital reserves. “We’ve decided to put credit on the fund, to put 20 billion… Read More ›
Hong Kong considers tweaking tax framework to attract private equity
On Monday, Hong Kong’s finance secretary Paul Chan stated, the government is weighing its options for introducing a more “competitive” tax arrangement in order to attract private equity funds to the city. The development comes in the wake of China’s… Read More ›
China’s mammoth’s to 303% of its GDP
China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›
Goldman Sachs to merge its private investing arms and create a new division
The move underscores Goldman Sach’s new focus on getting better returns from its asset-management division. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, Goldman Sachs Group Inc its private-investing arms and… Read More ›
Blackstone to sink in $150 million in Aaron Wertentheil’s hedge fund
The move underscores the strong confidence Blackstone has on Aaron Wertentheil. Competition for Blackstone’s seed funding is always fierce although critics say, the performance record of the seeder can be uneven no matter how thorough the due diligence. According to… Read More ›
Tesla case is settled despite Musk’s “Shortseller Enrichment Commission” tweet: Jay Clayton
Jay Clayton, the Chairman of the SEC, appeared to be unaware of Musk’s October 4 tweet which described the SEC as the “Shortseller Enrichment Commission”. Despite Tesla’s Chief Executive Elon Musk’s mocking tweet on the chairman of the U.S. Securities… Read More ›
U.S. Securities and Exchange Commission files lawsuit against Tesla’s CEO
The highly unusual lawsuit is potentially aimed at gaining leverage so as to force Tesla Inc’s CEO Elon Musk to settle. According to Teresa Goody, CEO of law firm Goody Counsel, who is also a former SEC attorney, most such… Read More ›
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