Latest in Billion Private Funding
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Meta donates $1 million to Trump's inaugural fund
The move comes two weeks after Meta CEO Mark Zuckerberg traveled to Florida and dined with President-elect Donald Trump in Mar-a-Lago.CBS News - 5h -
Nato’s European members discuss 3% target for defence spending
Increased military expenditure could be agreed at next year’s summit, intensifying pressure on national budgetsFinancial Times - 5h -
Selfridges’ Thai co-owner says it overpaid for luxury store portfolio
Head of Central Group family conglomerate says higher global interest rates make original £4bn price tag less attractiveFinancial Times - 5h -
David Bonderman, TPG Co-Founder, Dies at 82
Bonderman put his unique stamp on the fledgling buyout business and became a billionaire many times over.The Wall Street Journal - 7h -
Judge enters default judgment in suit against Kanye West's private school
A judge entered a default judgment against Kanye West's Christian private school in Los Angeles Superior Court on Wednesday in connection with a lawsuit filed by a former employee.Los Angeles Times - 10h -
Lawmakers edge closer to deal on government funding
Lawmakers say they are edging closer to a deal to keep the government's lights on in nine days but are still trying to work out differences over disaster aid and potential add-ons to the bill. ...The Hill - 11h -
Investment Fund Acadia Readies $9 Billion Renewable Energy Project Lineup
The investor group, with support from Microsoft and other companies, hopes to build out 5 gigawatts of renewable power capacity in the next five years.Inc. - 16h -
Zalando to Bid $1.3 Billion for About You
Zalando plans to submit an offer to buy About You in a move to expand its offering in the European e-commerce fashion market.The Wall Street Journal - 1d -
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Meta donates $1mn to Trump’s inauguration fund
First-time contribution shows social media platform and its chief are trying to mend relations with president-electFinancial Times - 4h -
Ayatollah Khamenei defiant even as Iran evacuates thousands from Syria
Over 4,000 flown home in the face of rebel victory and overthrow of ally Bashar al-AssadFinancial Times - 18h -
Struck-off sex GP is still advising private patients
Thomas Plimmer was struck off the medical register after having sex with women at his GP surgery.BBC News - 1d -
UnitedHealthcare CEO Brian Thompson’s Funeral Held Privately in Minnesota
Brian Thompson was remembered in his Minnesota hometown as a devoted father to his two sons.The New York Times - 1d -
GM exits robotaxi market, will bring Cruise operations in house
General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.CNBC - 1d -
Walgreens in talks over sale to private equity group Sycamore
Potential deal highlights mounting distress facing the retail pharmacy industryFinancial Times - 1d -
Walgreens’ stock on pace for its best day ever on report of talks of sale to private equity — but still on pace for its worst year
Shares of Walgreens Boots Alliance Inc. launched higher on Tuesday after the Wall Street Journal reported that the drugstore chain was in discussions to sell itself to private-equity firm Sycamore ...MarketWatch - 1d -
Warren, Democrats demand answers from Dr. Oz about Medicare privatization
Leading Democratic lawmakers are demanding answers from Dr. Mehmet Oz on his previous support for eliminating traditional Medicare in favor of private Medicare Advantage plans. Led by Sen. ...The Hill - 1d -
Democrats demand answers from Trump pick Mehmet Oz on 'Medicare privatization'
Democratic senators pressed Dr. Mehmet Oz on his past "advocacy for Medicare privatization" after Donald Trump picked him to run the Centers for Medicare and Medicaid Services.NBC News - 1d -
China Evergrande liquidators put founder’s private jet up for sale
Airbus plane was one of several markers of wealth amassed by Hui Ka Yan during now-collapsed developer’s boom yearsFinancial Times - 2d -
Arthur J. Gallagher to Acquire AssuredPartners for $13.45 Billion
Arthur J. Gallagher said that buying the insurance broker would expand its retail middle-market property and casualty focus across the U.S.The Wall Street Journal - 2d -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - 3d -
This investment is cheaper and better than mutual funds
Opponents shouldn’t block 403(b)s from purchasing collective investment trustsMarketWatch - 4d -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - 4d -
Elon Musk’s X.AI wins $6 billion in private funding as the latest unicorn to avoid an IPO
X.Ai, a competitor to ChatGPT parent OpenAI, disclosed a large round of funding without the need to become a public company.MarketWatch - 5d -
The A’s Near Agreement for $1.75 Billion Las Vegas Stadium
A groundbreaking on the new A’s stadium is likely by the 2028 season.Inc. - 6d -
Europe races to set up €500bn defence fund
Initiative is open to UK and would tap bond markets to boost spending for Trump’s White House returnFinancial Times - 6d -
Trump taps billionaire private astronaut Jared Isaacman as next NASA chief
Jared Isaacman is an entrepreneur and veteran private astronaut with strong ties to Elon Musk and his rocket company SpaceX.CBS News - Dec. 4 -
Billionaire who performed the first private spacewalk is Trump's pick to lead NASA
President-elect Donald Trump has tapped a tech billionaire who performed the first private spacewalk to lead NASAABC News - Dec. 4 -
Trump taps billionaire and private astronaut Jared Isaacman to lead Nasa
Aerospace defense firm founder was first civilian to walk in space and led first flight of all-private crew of astronauts. A billionaire entrepreneur who led the first flight of an all-private ...The Guardian - Dec. 4 -
Trump nominates Jared Isaacman, private astronaut and Shift4 CEO, for NASA chief
President-elect Donald Trump on Wednesday nominated Jared Isaacman to be NASA Administrator.CNBC - Dec. 4 -
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.CNBC - Dec. 4 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
BlackRock Acquires HPS, a Major Lender of Private Credit
The world’s largest investor is buying HPS, a major provider of private credit, for $12 billion.The New York Times - Dec. 3 -
How Private Funds Could Hurt Americans Under Trump
The fund managers who backed Donald Trump’s candidacy have welcomed his victory with calls for new directions in policy.The New York Times - Dec. 3 -
Here’s how investors will be affected by BlackRock’s $12 billion purchase of private-credit provider HPS
In a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.MarketWatch - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
Funding issues and ‘over-optimism’ behind UK failures on jobs data
Statistics agency review reveals flaws that left policymakers without a reliable unemployment figure for a yearFinancial Times - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
Hedge funds profit from ‘Trump trades’ around US election
Element Capital and Graham Capital among macro managers that did well out of recent market swingsFinancial Times - Dec. 3