As traders anticipate the third-quarter results of the global leader in graphics processing units, the California-based company’s cash pile is growing, doubling over the past year to $35 billion amid a frenzy for its AI chip designs.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: COOLCAESAR
Nvidia’s $3.6 trillion and growing cash hoard points to M&A
As traders anticipate the third-quarter results of the global leader in graphics processing units, the California-based company’s cash pile is growing, doubling over the past year to $35 billion amid a frenzy for its AI chip designs. Read here
Blackstone clinches $8B deal for Jersey Mike’s
The New York-based investment firm has agreed to acquire the New Jersey-headquartered sandwich chain in a deal that a source said valued the company at around $8 billion including debt.Read here
PHOTO: MICHAEL RIVERA
Vista nears LogicMonitor stake sale at $2.4B value
The Texas-based private equity firm is close to an agreement to sell a minority stake in the California-based IT infrastructure monitoring platform to a group of investors in exchange for an $800 million equity.Read here
PHOTO: USBOTSCHAFTBERLIN
DT Midstream buys three ONEOK lines for $1.2B
The Michigan-headquartered pipeline operator is set to acquire natural gas transmission pipelines from its Oklahoma-based peer, boosting its presence in the Midwest amid rapid industry consolidation.Read here
Grifols signals it would reject $6.8B Brookfield bid
The Spanish pharmaceutical’s board recommended that shareholders decline the asset manager’s indicative offer, which “significantly undervalues” the company. Read here
Blackstone nears $2.6B deal for Seibu Tokyo assets
The world's largest alternative asset management firm has emerged as the frontrunner to buy a mixed-use office complex being sold by the Japanese conglomerate. Read here
Citi, Santander prep for $4.2B debt for Urbaser
The two lenders are readying a debt package to back a potential sale of the Spanish waste-management company owned by California-based Platinum Equity. Read here
ADIA, GIC near Pye-Barker Fire & Safety stake deal
The two sovereign wealth funds are in advanced talks to acquire a minority share in the fire protection services provider in a deal that would value it at more than $6 billion.Read here
