American equity funds saw net purchases of $4.67 billion during the week, although the strong surge from February, which totaled about $9 billion, have tapered off with a combined outflow of $4.81 billion in March.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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US equity funds draw inflows on signs of cooling inflation
American equity funds saw net purchases of $4.67 billion during the week, although the strong surge from February, which totaled about $9 billion, have tapered off with a combined outflow of $4.81 billion in March. Read here
Crown Castle sells fiber business for $8.5B total
The Texas-based telecommunications company has reached an agreement with EQT AB fund and Zayo Group for each to buy separate parts of its fiber subsidiary for a combined value of $8.5 billion. Read here
PHOTO: PARAGUANEROSWAG
Pershing raises $1.4B in Universal Music stake sale
A group of shareholders of the Dutch–American music corporation affiliated with billionaire Bill Ackman’s hedge fund raised fresh capital from the sale of about a 2.7% share in the world’s largest music company. Read here
PHOTO: TONY WEBSTER
NEWS WORTH NOTING
NEWS WORTH NOTING
Google wants weakened rules in AI policy proposal
The California-based tech giant endorsed soft copyright restrictions on AI training and balanced export controls that protect national security while enabling US exports and global business operations.Read here
Morgan Stanley is exploring a potential debt adjustment for the Vista Equity Partners-backed British financial technology company and is assessing options. Read here
Cinven nears $3.8B sale
of Viridium to consortium
The London-based private equity firm is set to finalise the sale of Germany’s largest life insurance administrator in a transaction with an Allianz-led partnership. Read here
Temasek secures $1B stake in Haldiram’s after setback
Singapore’s state-owned investment firm has acquired a nearly 10% stake in the Indian snack giant just a week after Blackstone withdrew from the share acquisition race. Read here
Reggeborgh takes a 3% stake in ABN Amrod bank
The Dutch investment fund has acquired minority shares in one of the three dominant lenders in the Netherlands, whose recent quarterly results beat forecasts. Read here
