Tag: Private Equity
-
Apollo leads big debt investment in chip maker Wolfspeed: reports
[ad_1] Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday. Bloomberg News reported the deal would make $1.25 billion available immediately to Wolfspeed, with another $750 million that could be drawn…
-
IBM nears deal to buy software company Apptio for $5 billion: WSJ
[ad_1] International Business Machines Co. is close to a deal to buy cloud-based business software company Apptio Inc. for more than double its purchase price nearly five years ago, the Wall Street Journal reported late Friday. IBM IBM, -1.33% could close a deal to buy Apptio from private-equity firm Vista Equity Partners, possibly over the…
-
Salesforce dives into the AI cloud
[ad_1] Salesforce Inc. is diving deeper into generative AI. The company CRM, +2.00% on Monday unveiled AI Cloud, customer relationship-management software that fuses AI software with data to auto-generate personalized content to customers and developers. Company Chief Executive Marc Benioff was to explain more at an investor event in New York later on Monday. Additionally,…
-
Nvidia’s market cap gain is bigger than all of Disney, Netflix, Boeing or Nike
[ad_1] On Thursday, Nvidia’s stock took an epic jump among the nation’s corporate giants. In one day, the graphics-chip maker total market capitalization added nearly $184 billion – that’s billion with a b. It is one of the biggest one-day market capitalization gains in American corporate history. Nvidia’s market capitalization was $754.3 billion at the…
-
Ex-Bridgewater exec Bob Elliott’s Unlimited raises venture capital to help launch ETFs replicating hedge-fund, private-equity strategies
[ad_1] Unlimited Funds, an investment firm co-founded last year by former Bridgewater Associates executive Bob Elliott, has raised fresh capital to expand its offering of exchange-traded funds and market insights. Venture-capital firm FirstMark and Citi Ventures led $8 million of funding for Unlimited, providing equity under a so-called Series A round of financing that includes…
-
Blackstone meets with lenders on Chicago office building, an investment it wrote down to zero last year
[ad_1] Blackstone Inc. began talks with its lenders about options on a maturing $309.8 million senior loan on a 1.3 million-square-foot office complex in Chicago’s largely desirable River North neighborhood. Blackstone BX, +2.32% remains current as of its last May 9 payment on the Class-A office complex at 350 North Orleans Street, which competes with…