2025-04-23
Massive scoop by @AntoineGara and @mroliverbarnes - A company controlled by the family of @howardlutnick (commerce secretary) is nearing a $3bn crypto venture with SoftBank and Tether - who said that being in government is bad business?! https://www.ft.com/... via @ft
Financial Times
Sources: Cantor's Brandon Lutnick, the son of the US commerce secretary, seeks to form a $3B bitcoin acquisition vehicle with SoftBank, Tether, and Bitfinex
Investment vehicle backed by son of commerce secretary comes as US adopts more favourable policy on digital currency
2025-03-26
Great reporting by @BondHack @Tabby_Kinder and @AntoineGara who reveal a lot of new information in this piece about latest blockbuster IPO of 2025 - CoreWeave triggered defaults after breaching terms on Blackstone loan https://www.ft.com/... via @ft
Financial Times
IPO filings: CoreWeave, set to launch a $32B IPO on March 28, violated key terms of a $7.6B Blackstone loan in 2024, triggering a series of technical defaults
US cloud company seeking blockbuster $32bn IPO had to remedy serious administrative errors in December
2024-10-17
NEW: Uber explored a bid for Expedia in ‘super app’ push. Sources said Uber's interest was very early stages. No formal approach made, no live talks, but it shows where Uber is heading next: More travel, less food delivery. W/ @sjhmorris & @mroliverbarnes https://www.ft.com/...
Financial Times
Sources: Uber has explored a possible bid for Expedia as it seeks to grow into a super app; Expedia, valued at nearly $20B, would be Uber's largest acquisition
Buying the travel website would be the ride-hailing group's biggest deal as it looks to diversify
2024-09-18
Scoop: BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure https://www.ft.com/... via @ft
Financial Times
BlackRock, GIP, Microsoft, and MGX announce a new AI fund that seeks to raise $30B+ of private equity capital and $100B+ in total investment when including debt
Should we be worried? Louisa Clarence-Smith / The Times : BlackRock and Microsoft to launch $100bn AI infrastructure fund Aaron Holmes / The Information : Microsoft, BlackRock to L...
2020-09-16
NEW: ByteDance will place TikTok's global business in a new company headquartered in the US. Oracle will have a stake in the whole of TikTok and not just the US operations. A few more details on deal structure presented to Trump (with @MilesKruppa ) https://www.ft.com/...
Financial Times
Sources: ByteDance plans to place TikTok's global business in a standalone US-based company, likely with Oracle, Walmart, and others as minority shareholders
so what's the point? PYMNTS.com : Decision Expected Soon On TikTok-Oracle Deal Daily Mail : Microsoft may have unintentionally sabotaged its TikTok deal by upsetting Chinese owner ...