Coinbase is accelerating its diversification strategy with the acquisition of The Clearing Company, reinforcing its push beyond pure crypto trading into multi-asset, event-driven markets. Prediction markets allow users to trade contracts linked to real-world outcomes — from elections and macro data to sports and policy decisions — effectively transforming expectations into tradable signals. While proponents...
Trian Partners and General Catalyst have agreed to acquire Janus Henderson for $7.4 billion, marking the culmination of a five-year activist campaign led by Nelson Peltz. At $49 per share, the deal represents an 18% premium and underscores a clear industry trend:👉 scale matters more than ever. As active managers face relentless pressure from low-cost...
As the year draws to a close, dealmakers across Wall Street, Canary Wharf, and Hong Kong are doing what they do best: working through the holidays. December alone has already seen $463.6 billion in announced M&A, up 30% year-on-year, capped by a fierce bidding war between Paramount Skydance and Netflix for Warner Bros Discovery. This...
In a dramatic escalation of Hollywood’s biggest deal battle, Larry Ellison has offered a personal guarantee of $40.4 billion to reinforce Paramount Skydance’s bid for Warner Bros Discovery. The move is aimed squarely at addressing Warner Bros’ concerns over financing certainty—concerns that previously tilted the board toward the rival Netflix cash-and-stock offer. Key changes in...
Netflix has refinanced part of its $59 billion bridge loan tied to its proposed acquisition of Warner Bros Discovery’s film, TV studio, and streaming assets—one of the largest media transactions ever contemplated. Key highlights: The refinancing improves funding certainty and reduces execution risk as Netflix prepares to acquire premium assets including HBO and HBO Max,...
Hedge funds net sold U.S. healthcare stocks last week for the first time in 14 weeks, according to Goldman Sachs, as political uncertainty around expiring insurance subsidies intensifies. Key signals from the market: The catalyst:Enhanced health insurance subsidies — expanded during COVID — expire on December 31 unless Congress acts, potentially raising costs for millions...