The Virginia-headquartered leader in business intelligence software, and a significant advocate for Bitcoin adoption, plans to sell $21 billion notes to fund a multilayered volatility bet centered on convertible bonds
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: VLAD LAZARENKO
Hedge funds make MicroStrategy Wall Street’s hottest trade
The Virginia-headquartered leader in business intelligence software, and a significant advocate for Bitcoin adoption, plans to sell $21 billion notes to fund a multilayered volatility bet centered on convertible bonds.Read here
Blackstone seeks $2.6B bank loan for AirTrunk
The New York-based alternative investment firm is said to be in talks with around 10 banks to lead a multi-currency loan for the Australian data center operator, according to people familiar with the matter.Read here
PHOTO: BLACKSTONE
Nippon Steel to close US Steel buyout by year-end
The Japanese steelmaker is committed to its $15 billion acquisition of the American steel industry leader and is confident of completing the takeover by December this year, despite strong opposition.Read here
PHOTO: ADAM JONES
Baupost, Elliott bet on PE’s aging energy assets
A booming market to inject fresh money into hard-to-sell energy assets owned by private equity firms is drawing interest from hedge funds and other investors, leading to big wins and steep losses.Read here
The British telecom company won approval to create the UK’s biggest mobile phone company in a major milestone for telecommunications operators in Europe. Read here
BayWa targets $4.2B in proceeds from asset sales
The German conglomerate is trying to raise fresh capital by selling most of its foreign assets by 2027, as the agricultural group seeks ways to lower its debt pile. Read here
GSK to get less from $2.9B Zhifei shingles vaccine deal
The Chinese company will pay the British drugmaker lower than previously agreed for the exclusive rights to distribute its shingles vaccine in China. Read here
Woodside signs deal with Bechtel to build LNG plant
The Australian energy group has inked an engineering, procurement and construction contract with the US firm to develop a liquefied natural gas project in Louisiana.Read here
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