Morgan Stanley is shopping a debt package for Elon Musk’s artificial intelligence company, which is seeking a valuation of $113 billion in a share sale worth $300 million, according to media reports.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Musk’s xAI seeks $113B valuation, launches $5B debt sale
Morgan Stanley is shopping a debt package for Elon Musk’s artificial intelligence company, which is seeking a valuation of $113 billion in a share sale worth $300 million, according to media reports. Read here
AlpInvest raises $4.1B for ninth co-investment fund
The global private equity subsidiary of Washington, DC-based Carlyle Group has closed its AlpInvest Co-Investment Fund IX, showing continued appetite among investors for access to buyout firms’ dealmaking. Read here
PHOTO: CARLYLE
Merck held talks to buy biotech MoonLake for $3B
The New Jersey-headquartered biopharmaceutical company has negotiated to acquire the Swiss biotech firm for more than $3 billion after submitting a nonbinding offer for the company earlier this year.Read here
PHOTO: MERCK
Vietnam firms set to buy $2B of US farm produce
Vietnamese companies will sign memoranda of understanding with American partners to buy local farm produce as part of efforts to seal a new trade deal between the two countries.Read here
PHOTO: FREEPIK
NEWS WORTH NOTING
NEWS WORTH NOTING
Octus acquires Sky Road
to widen service portfolio
The New York-based credit intelligence and data analytics provider has absorbed the credit portfolio management solutions specialist, positioning the firm as the first to deliver fully integrated credit intelligence. Read here
Toyota plans $33B bid for control of founding firm
Toyota Industries Corp, the company that brought forth the world’s biggest carmaker, will be privatized to hand the founding family a stronger grip on the empire. Read here
Petronas to explore sale
of $7B Canadian business
The Malaysian state energy firm is considering options for its Alberta-based company, formerly known as Progress Energy Resources Corp, including a sale. Read here
Medical device maker CMR Surgical seeks $4B in sale
The British surgical robotics manufacturer has hired advisers to initiate its sale process, likely to elicit interest from large strategic buyers, according to a report. Read here
Pandox, Eiendomsspar plan $1.5B Dalata Hotel takeover
The Scandinavian property companies have jointly proposed to buy Ireland's largest hotel group, which operates 55 hotels under the Maldron Hotel and Clayton Hotel brands. Read here
