Paramount says Larry Ellison “agreed to provide an irrevocable personal guarantee of $40.4B” for its WBD bid, after WBD's board raised concerns about the offer
Paramount Skydance on Monday guaranteed the backing of billionaire Larry Ellison in an amended offer for Warner Bros. Discovery …
Blackstone President Jonathan Gray says AI risk is “top of our list” when evaluating deals; sources: the firm backed down from buying companies vulnerable to AI
“People say, ‘This smells like a bubble,’” but they're not asking: 'What about legacy businesses that could be massively disrupted?'" he said. …
Sources: EA is in talks to go private in a deal valuing it at ~$50B; investors include Jared Kushner's PE firm and Saudi Arabia's PIF; EA closes up 14.87%
Investors including Silver Lake eyeing deal that would likely be the largest leveraged buyout ever
The US House passes the GENIUS Act, sending the stablecoin bill to Trump for his signature, and advances two other crypto bills to the Senate for consideration
The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known …
Sources: Trump is expected to sign an executive order as soon as this week that would open up 401(k) plans to cryptocurrency and other alternative investments
President preparing executive order to allow 401k plans to tap broad pool of alternative assets
Sources: Cantor's Brandon Lutnick, the son of the US commerce secretary, seeks to form a $3B bitcoin acquisition vehicle with SoftBank, Tether, and Bitfinex
Investment vehicle backed by son of commerce secretary comes as US adopts more favourable policy on digital currency
Sources: last week, Meta fired ~24 staff in LA for using $25 meal credits to buy household items, as it restructures WhatsApp, Instagram, and Reality Labs teams
The terminations took place last week, just days before the $1.5tn social media company separately began restructuring certain …
A preview of the Sam Bankman-Fried trial, which begins today with jury selection, the seven charges, key witnesses, the likely legal strategies, and more
Key witnesses and the likely legal strategies about to unfold in the historic case ahead. … Tomorrow, all eyes turn to New York …
Michael Lewis depicts Sam Bankman-Fried as delusional in his new book, Going Infinite, but says SBF's explanations remain “irritatingly difficult to disprove”
“Going Infinite,” by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Fried's rise and fall.
Filing: Tiger Global has so far raised just $2B+ for a fund targeting $6B after eight months; US venture firms raised nearly $12B in Q1 2023, down 73% YoY
Financial Times :
Sources: Thoma Bravo missed out on acquiring Qualtrics, which sold to Silver Lake and CPP for $12.5B in March, due to fears over a US antitrust investigation
Financial Times : Tweets: @antoinegara Tweets: Antoine Gara / @antoinegara : Big scoop from our deal team @EricGPlatt @JFK_America & myself on how Thoma Bravo missed out on the la...
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
US private equity firm Silver Lake and Canada's largest pension fund plan to acquire Qualtrics for $12.5B, or $18.15 per share, as SAP divests its 71% stake
Antoine Gara / Financial Times :
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years, which offered services when established banks would not and was undone by its loyalty
Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene — The writer is a partner at Sequoia Capital
BlockFi sues Sam Bankman-Fried's Emergent Fidelity Technologies to seize Robinhood shares that SBF had pledged as collateral under an agreement on November 9
Complaint against FTX founder comes as crypto company becomes the latest to seek bankruptcy protection
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
Nikhilesh De / CoinDesk :
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. — Crypto exchange FTX was not required …
Investor letter: Tiger Global's long-only fund ended Q2 down 63.6% and its flagship fund dropped 50% in H1, after it “underestimated the impact” of inflation
Chase Coleman's group sustains steep losses and admits it ‘underestimated’ effect of rising prices
Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO Hock Tan switched his focus to software amid regulatory risks for semiconductor deals
Financial Times :
Regulatory filings: Tiger Global sold ~80% of its Robinhood stake and its entire stakes in Bumble, Airbnb, and Didi during 2022's tech stock sell-off
Value of hedge fund's public shareholdings fell by almost $20bn during first quarter — Tiger Global, the hedge fund known for making big bets …