Elon Musk’s California-based aerospace manufacturer and space transportation company and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction.
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SpaceX valuation jumps to about $350B in insider deal
Elon Musk’s California-based aerospace manufacturer and space transportation company and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction.Read here
Apollo boosting $70B credit, equity business
The New York-based alternative asset manager is expanding two hybrid strategies, which supply financing that sits between credit and private equity, as it ramps up alternatives to buyouts.Read here
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GM to abandon $50B Cruise robotaxi business
The Detroit-based automobile giant will end development at its majority-owned Cruise business, a blow to the ambitions of the automaker, which had made the advanced technology unit a top priority.Read here
PHOTO: MAXX@NIGHT
Kroger’s $25B deal for rival Albertsons blocked
A US judge has blocked the pending merger of the US grocery chains that the Federal Trade Commission argued would eliminate head-to-head competition between the top two traditional supermarkets.Read here
XL Axiata, Smartfren agree to $6.5B telecom merger
The Indonesian telecommunications companies have agreed to merge to create a larger entity, against the backdrop of wider consolidation in the sector. Read here
Bain raises Fuji Soft offer in $4.3B contest with KKR
The Boston-based private investment firm is increasing its offer for the Japanese software company, extending a rare battle with the New York-based buyout firm. Read here
Orsted sells 50% stake in wind farm for $1.64B
The Denish renewable energy specialist has agreed to sell shares in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance. Read here
Europe’s loan bankers pin hopes on M&A revival
Refinancings helped bolster European loan volumes in 2024 but with consolidations looking like they’re finally picking up, bankers believe the tide is finally turning.Read here
