The New York-based alternative asset manager is negotiating to lead a financing package for the California-headquartered tech giant to help it develop facilities to house computer systems, servers, and networking equipment.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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    Meta in talks to raise $35B for data center financing led by Apollo

    The New York-based alternative asset manager is negotiating to lead a financing package for the California-headquartered tech giant to help it develop facilities to house computer systems, servers, and networking equipment. Read here

      Global equity funds draw $28.3B despite tariff talk

      Private capital vehicles witnessed sharp inflows in the week through February 26, spurred by sustained expectations of rate cuts later this year, which were bolstered by weaker economic data reported during the week. Read here

      PHOTO: CARLOS DELGADO

      Wall Street New York

      Stripe achieves $91.5B valuation with share sale

      The California-based fintech company that provides payment processing infrastructure for online businesses has signed agreements with investors to provide liquidity to employees through a tender offer. Read here

      PHOTO: STRIPE

      STRIPE 300

      NEWS WORTH NOTING

      OpenAI unveils GPT-4.5, its largest AI model yet 

      The California-based artificial intelligence developer is launching its much-anticipated AI model code-named Orion, trained using more computing power and data than any of its previous releases. Read here

      PHOTO: JERNEJ FURMAN

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      DEALS ROUNDUP

      • Families worth $75B pocket recent gains in rare selling spree 
      • Sycamore eyes Walgreens Boots breakup in potential buyout
      • Mimic raises $50M in Series A led by Google Ventures, Menlo
      • Skylo gets $30M for ‘direct-to-device’ satellite connectivity
      • Workhelix secures $15M in Series A funding for expansion
      • Claros snags $9.75M initial funding for management platform 
      • Charta Health nabs $8.1M seed funding led by Bain Capital
      • Highstock receives $5.5M in seed funding led by Greylock
      • Deepnight takes in $5.5M to build AI-based night vision tech
      • Firstwork closes $5M seed funding round led by Gradient

        INTERNATIONAL MARKETS

        Umm Al Qura draws $126B in orders, set to raise $523M

        The Saudi Arabian construction firm, backed by the kingdom’s sovereign wealth fund, is set for its initial public offering in Riyadh, signaling continued demand for new listings. Read here

        Revolut secondary share sale eyes $60B valuation

        Investors are pushing the British fintech company to reach a new valuation that would mark a jump on the $45 billion price tag it earned just six months ago. Read here

        Bubble-tea chain bigger than Starbucks yields $8B

        China’s Mixue Group, founded in the late 1990s as a cold drinks stall, is set to list in Hong Kong after amassing a fortune that has made it the biggest bubble-tea maker. Read here

          Jindal to raise bid for Italian steelmaker to $4.2B

          The Indian steelmaker’s latest proposal consists of a payment of about €1 billion for the assets, plus investments to revamp the main steel plant in Taranto. Read here

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