ICICI Prudential AMC, India’s second-largest asset manager with over ₹10 trillion ($111B) in AUM, plans to acquire a firm in the private equity space to strengthen its capabilities beyond traditional products, CEO Nimesh Shah said at the company’s IPO press conference. The AMC is also awaiting regulatory approval to acquire ICICI Ventures, further deepening its...
Mirum Pharmaceuticals has entered into a definitive agreement to acquire Bluejay Therapeutics for up to $820 million, further strengthening its portfolio in severe and underserved liver diseases. Through this transaction, Mirum gains global rights to brelovitug, a late-stage monoclonal antibody in development for chronic hepatitis D—one of the most aggressive viral liver diseases, affecting an...
Guggenheim Investments — the $357 billion U.S. asset manager — is actively considering opening an office in Saudi Arabia, expanding its Gulf footprint as the region accelerates investment in infrastructure, transportation, and technology. Already present in Dubai and in the process of licensing in Abu Dhabi, Guggenheim views the Gulf as a strategic growth hub....
SpaceX has informed select investors and financial institutions that it is aiming for an IPO in the second half of 2026, according to The Information. The potential listing may include the entire company, not just Starlink — marking a major shift from Musk’s earlier view that Starlink should only list once revenue becomes “smooth and...
In a historic move, Netflix has agreed to acquire Warner Bros Discovery’s TV & film studios and its streaming business for $72 billion, transforming Netflix from a disruptor into a full-scale traditional studio powerhouse. 🔹 What Netflix Gets Netflix outbid Paramount Skydance, offering ~$28 per share, despite reports that Paramount offered $30. 🔹 Deal Structure...
Switzerland is preparing to water down part of its new banking regulation package, which could otherwise require UBS to raise up to $24 billion in additional capital, according to sources familiar with the discussions. 🔍 What’s Changing The government is considering easing rules related to: These two items alone represent about $11 billion of the...