Blue Owl Capital is quietly evaluating whether to revive its previously cancelled plan to merge OBDC (public BDC) with Blue Owl Capital Corporation II (private BDC) — but only if OBDC’s share price rises back toward NAV, according to people familiar with the matter. The merger was abandoned last week after the plan — which...
Grindr has terminated discussions on a $3.46 billion take-private bid led by its largest shareholders, Ray Zage and James Lu, after the special committee said the bidders failed to provide clear details on financing and timing. Market reaction: Shares fell ~10% premarket.Zage and Lu collectively control 60%+ of outstanding stock. Grindr said it remains confident...
Singapore’s Temasek-backed Sembcorp Industries is preparing an IPO for its India unit in Mumbai, appointing Citi, HSBC, and Axis Capital as advisers, according to sources. The listing—targeted within 8–9 months—marks Sembcorp’s second attempt after withdrawing its 2019 draft prospectus.Its India arm, Sembcorp Green Infra, has rapidly expanded across wind, solar, and energy storage, competing with...
The European Commission has given unconditional approval for Omnicom Group’s $13.25B all-stock acquisition of Interpublic Group (IPG). Announced last December, the deal merges the world’s #3 ad buyer (Omnicom) with the #4 (IPG) — creating the largest advertising agency globally. This consolidation reflects how traditional advertising giants are scaling up to compete more effectively with...
Investors say BHP should abandon the Anglo American pursuit and refocus on its own growth pipeline, after the miner made a last-minute approach while Anglo nears a $60B merger with Teck Resources. BHP confirmed it will not pursue a new bid, with the Anglo–Teck shareholder vote set for Dec 9, forming a major copper producer...
Amazon announced one of the largest public-sector cloud infrastructure commitments in history, pledging up to $50 billion to expand artificial intelligence and high-performance computing capacity for U.S. government agencies. Beginning in 2026, the investment will add nearly 1.3 gigawatts of new AI and supercomputing capability across AWS Top Secret, AWS Secret, and AWS GovCloud regions...