The Brazilian IPO window is open, but the draft is chilly. Agibank (AGBK) successfully priced its U.S. initial public offering on Wednesday, raising $240 million by selling 20 million shares at $12.00 each. However, the deal reflects a cautious market: the company had to sharply reduce both its deal size and price range (originally $12-$13)...
David Ellison isn’t walking away. Paramount Skydance (PSKY) has enhanced its bid for Warner Bros. Discovery (WBD), attempting to disrupt Netflix’s rival $82.7 billion offer. While the headline price remains unchanged ($30/share or $108.4B total), Paramount is now offering significant “risk insurance” to sway shareholders worried about regulatory hurdles. 🍬 THE SWEETENERS: ⚔️ THE STRATEGIC...
The “wait and see” era is over. The “forced to sell” era has begun. Speaking at the UBS Financial Services Conference on Tuesday, Goldman Sachs (GS) CEO David Solomon delivered a blunt assessment of the private equity landscape: Financial sponsors are under increasing pressure to return capital to Limited Partners (LPs) before they can raise...
The biggest acquisition in Google’s history just cleared its final major hurdle. Alphabet (GOOGL) has received unconditional EU antitrust approval for its $32 billion acquisition of cybersecurity firm Wiz. In a rare swift decision for Big Tech M&A, regulators concluded that the deal does not harm competition, effectively giving Google a pass to bolster its...
The global smart money is doubling down on the Indian homeowner. The Carlyle Group (CG) announced a ₹21 billion ($232 million) strategic investment in Nido Home Finance (the housing finance arm of Edelweiss Financial). The deal structure is aggressive, moving Carlyle from a simple investor to the dominant owner. 🏠 THE DEAL STRUCTURE: 🔄 THE...
Masayoshi Son has found his new WeWork—but this time, the stakes are $30 billion higher. SoftBank Group (9984.T) is expected to report a healthy profit on Thursday, driven by paper gains on its massive investment in OpenAI. However, investor sentiment is souring as the market pivots from celebrating the valuation to scrutinizing the cost of...