The Nasdaq Composite climbed about 0.3%, boosted by the California-based chipmaker’s 4% rise that helped it secure a record closing price. The S&P 500 flirted with its own all-time highs, while the Dow Jones slipped about 0.3%.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: AMIR SHTANGER
Nvidia soars to record high as
Dow, S&P 500, Nasdaq rally draws
The Nasdaq Composite climbed about 0.3%, boosted by the California-based chipmaker’s 4% rise that helped it secure a record closing price. The S&P 500 flirted with its own all-time highs, while the Dow Jones slipped about 0.3%. Read here
Black Lion leads $8B all-cash bid for Citgo parent
The Chicago-headquartered boutique investment and advisory firm has submitted an all-cash offer for PDV Holding, the Texas-based parent of the oil refiner, as part of a court-supervised auction to repay creditors. Read here
PHOTO:CITGO
Vista raises $5.6B for Cloud Software Group fund
The Texas-based private equity firm raised $2.7 billion in fresh capital for the continuation vehicle while committing $2.2 billion from its existing flagship funds Vista Equity Partners VII and Vista Equity Partners VIII.Read here
PHOTO: USBOTSCHAFTBERLIN-1
NEWS WORTH NOTING
Morgan Stanley secures $3.2B for mid-market fund
The New York-based private equity arm of Morgan Stanley Investment Management has marked a milestone with its latest vehicle, North Haven Capital Partners VIII, amid a challenging fundraising environment. Read here
A new report from Carlyle Group notes that private equity will be essential to financing the continent’s projected defense and infrastructure buildout over the next decade. Read here
Japan hits M&A record of $232B, driving Asia deals
Tokyo is steering the region’s rebound in 2025 with a record worth of deals in the first half, fueled by multi-billion dollar take-private arrangements and private equity activity. Read here
China tech firms ramp up deals with Beijing’s blessing
After a chastening crackdown that wiped billions off their value, China’s technology giants are back in favor and on the front foot, making deals and snapping up assets. Read here
Crypto gains foothold in Bolivia as currency option
In the busy shopping district of Cochabamba, ATMs let shoppers swap coins for cryptocurrency, salons offer deals for Bitcoin, and people use Binance to buy fast food. Read here
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