Sources: OpenAI is in advanced talks with PE firms including TPG and Advent to form a JV that would distribute its enterprise tools to their portfolio companies
Sources: OpenAI is in advanced talks with PE firms including TPG and Advent to form a JV that would distribute its enterprise tools to their portfolio companies
OpenAI is in advanced talks with private equity firms including TPG (TPG.O), Advent International, Bain Capital and Brookfield Asset Management …
PE firm TPG completes its $7.6B acquisition of the remaining 70% stake in DirecTV from AT&T, marking AT&T's exit from media
Private equity firm TPG completed its $7.6 billion purchase of the 70% stake it didn't already hold in DirecTV from AT&T.
Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M
New York Times :
TPG and Corpay agree to acquire North Carolina-based payment processing software provider AvidXchange for $2.2B, with Corpay investing ~$500M for a 33% stake
TPG agrees to acquire Sabre's hospitality solutions unit, which provides SaaS to hotel brands, for $1.1B in cash, as Sabre focuses on its core airline business
SKIFT TAKE — Sabre's sale of its hotel reservations tech should help the travel tech company focus on its core airline business.
Lenovo acquires enterprise storage startup Infinidat and plans to turn it into its Israel development center; Infinidat raised $350M from TPG and others
The Chinese computer giant will pay hundreds of millions of dollars for Infinidat, which will become its Israel development center.
AT&T agrees to sell its majority stake in DirecTV to private equity firm TPG for $7.6B in cash, including $1.7B in pre-tax quarterly distributions in H2 2024
- DirecTV is holding advanced talks to merge with rival Dish — AT&T and TPG are owners of DirecTV, which was founded in 1994
Sources: US private equity group TPG is in talks to buy a stake in Europe's largest secondhand fashion site Vinted at a €5B valuation
Financial Times :
A consortium led by PE firms Francisco and TPG agrees to take observability software company New Relic private in an offer valuing the company at ~$6.5B
- A private-equity consortium will take software provider New Relic private at $87 a share, the company announced Monday.