Product that tells our story
A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018. Brendan McDermid | Reuters Private equity firm KKR and Singapore Telecommunications will acquire the remaining 82% stake in data center operator ST Telemedia Global Data Centres for 6.6 billion Singapore dollars ($5.1 billion), KKR said in a statement […]
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the […]
A shipping company says it got hit with a surprise $34 million annual tariff bill due to the Trump administration’s recent change in how it classifies freighters. Atlantic Container Line, a major shipping firm that specializes in transatlantic cargo transport, is warning that the steep fees could force it to halt all of its US-linked […]
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs has agreed to acquire Industry Ventures, a venture capital firm with $7 billion in […]
Cracker Barrel is ending its partnership with Prophet, the consulting firm behind its failed rebrand. The chain faced intense backlash after unveiling a new logo and redesigned stores that longtime fans said stripped away what they loved most about the brand. Cracker Barrel’s restaurants, long known for their kitschy Americana décor, were recast in a […]
Navan, the business travel, payments, and expense management startup, filed on Friday afternoon to go public. Its S-1 filing with the Securities and Exchange Commission indicates that the company plans to list on the Nasdaq Global Select Market under the symbol “NAVN.” Navan reported trailing 12-month revenue of $613 million (up 32%) across over 10,000 […]
Crypto company Digital Asset said Tuesday that it’s netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs, BNP Paribas and Ken […]
Barron Trump, the youngest son of the 47th President, may have raked in millions of dollars from the sale of crypto tokens linked to the family’s lucrative venture into digital tokens, according to a report. The 19-year-old New York University student could have picked up a cool $40 million — $25 million after taxes — […]
Disney and Universal sued a prominent artificial intelligence start-up for copyright infringement on Wednesday, bringing Hollywood belatedly into the increasingly intense battle over generative A.I. The movie companies sued Midjourney, an A.I. image generator that has tens of millions of registered users. The 110-page lawsuit contends that Midjourney “helped itself to countless” copyrighted works to […]
A few weeks ago, Bill Chisholm told partners at his private equity firm that he was going to buy a basketball team. It wasn’t just any basketball team, mind you – it was the Boston Celtics. The partners at his firm, Symphony Technology Group, were concerned. Where would he get the money? Surely not from […]
