U.S. private equity firm Blackstone is nearing a deal to acquire Jersey Mike’s Subs, which could give the sandwich chain a valuation of around $8 billion, including its debt, reports say. The announcement about the same can be made as early as this week, The Wall Street Journal reported, citing people familiar with the matter. … Read more
Tencent Holdings and Ubisoft Entertainment’s founding Guillemot family are considering options, including a potential buyout of the French video gaming company, after it lost more than half its market value this year, according to people familiar with the matter. The Chinese internet giant and Guillemot Brothers have been speaking with advisers to help explore ways … Read more
Vista Equity Partners and Blackstone agreed to acquire software maker Smartsheet for about $8.4 billion in cash. Vista and Blackstone on Tuesday stated that they will be buying Smartsheet for $56.50 per share, representing a premium of about 41% over Smartsheet’s 90-day average closing share price as of July 17, 2024, when media reports surfaced … Read more
Foreign asset managers will be given more freedom in making private equity and venture capital investment as the city cranks up growth in the financial and technology sectors, mayor Gong Zheng said, amid signs geopolitical tensions and regulatory clampdown have thwarted inflows. “International asset managers will be encouraged to invest more in Shanghai’s technology firms … Read more
RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com Blackstone is the largest alternative asset manager in the world, with over $1 trillion in assets under management. The recent “Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System” report from … Read more
In 2023, the region’s data centre deals hit a record high of US$3.45 billion, according to LSEG. That tally is set to be surpassed this year, with at least a couple of large transactions in the pipeline. Data centres are secure, temperature-controlled facilities that house large-capacity servers and data-storage systems, with multiple power sources and … Read more
China’s top leadership has gone all out to revive confidence and lure foreign investment in intensive meetings with foreign business leaders in recent days, setting out the “win-win opportunities ahead”, as Beijing seeks to achieve a seemingly challenging economic growth target for 2024. In a rare move, nearly all top-level officials responsible for economic affairs … Read more
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