Finance

M&A

GameStop’s Ryan Cohen Sidesteps Compensation Questions on eBay Deal

Photo via Aaron Schwartz/Sipa USA/Newscom

GameStop CEO Ryan Cohen is sidestepping questions about how much a proposed takeover of eBay — for $56 billion — would benefit stockholders.

2 min read

Photo via Alan Siu Mui Lun/Newscom

Private Equity

Apollo Boosts Private Credit Transparency as Industry Faces Record Redemption Requests

The firm reported Wednesday that assets under management surpassed the historic $1 trillion milestone in the first quarter.

2 min read
Photo via Vincent Isore/ZUMAPRESS/Newscom

Artificial Intelligence

Anthropic, OpenAI Team with Private Equity to Rev Up AI Adoption

OpenAI’s joint venture with private equity giants will turn some 2,000 portfolio companies into potential AI adopters.

2 min read
Photo via Brian Rothmuller/Icon Sportswire DHZ/Brian Rothmuller/Icon Sportswire/Newscom

Hedge Funds

Point72 Founder Steve Cohen Makes More Room at the Top as Hedge Fund Expands

New York Mets owner Steve Cohen is letting another heavy hitter step up to the plate at his hedge fund Point72 Asset Management.

2 min read

Markets

Graviton Draws Global Spotlight onto India’s Unicorns

Photo via Graviton

India is home to 120 startups with valuations each topping $1 billion. High-frequency trading firm Graviton is at the center of the boom.

1 min read

Private Equity

Blackstone Shrugs off Private Credit Concerns amid AI Focus

Photo via IMAGO/Vernon Yuen/IMAGO/Nexpher Images/Newscom

Concerns of AI disruption for software firms is had had investors yanking money from private credit funds, including Blackstone’s BCRED.

2 min read

Banking

Rising Market Risk Drives Wealth Management Windfalls for Morgan Stanley, BofA

Photo via Vernon Yuen/ZUMA Press/Newscom

Revenue at Morgan Stanley’s wealth business grew 16% year-over-year to $8.5 billion, and net income rose 34% to $2.1 billion.

1 min read

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