Google, Blackstone Launch $5B AI Cloud Venture
SCOOP w/ @CaraRLombardo: Google and Blackstone plan to create a new AI cloud company to rival the likes of CoreWeave, using Google’s specialized chips. The business will launch with $5 billion in equity capital from Blackstone, which will be the majority owner. $GOOGL $BX https://t.co/VSdTemtMMa
Apollo Negotiating Sale of Its MidCap Private‑credit Fund
Scoop: Apollo has been holding talks to sell MidCap Financial Investment Corp., its publicly traded private-credit fund. $APO $MFIC https://t.co/Af9Lm0XztL
EBay Acknowledges Unsolicited GameStop Takeover Bid, Under Review
Just in: EBay confirms it received the unsolicited proposal from GameStop, says it will review it. $GME $EBAY https://t.co/K69E0qEcBN
GameStop Poised to Bid for eBay This Month
🚨🚨🚨SCOOP: @ryancohen's GameStop is preparing an offer for eBay that could come as soon as this month. $GME $EBAY https://t.co/gw79NgjEZv
Starboard Value Acquires Major Stake in Dynatrace
Scoop: Activist investor Starboard Value has taken a significant stake in AI-software maker Dynatrace. $DT https://t.co/DweAPubgxO
Re/Max Sale Signals Ongoing Brokerage Consolidation Surge
SCOOP: Real-estate firm Re/Max is being sold as consolidation among brokerages continues a hot streak. w/ @NicoleFriedman $RMAX $REAX https://t.co/yNkj7xl18o
Lululemon Appoints Former Nike Exec as CEO
SCOOP: Lululemon has found its next CEO. Former Nike executive Heidi O'Neill is set to take over in September. $LULU https://t.co/tDZFUF1EOU
Record‑Breaking $10B+ Megadeals Kick Off Year
Megadeals are keeping the bankers and lawyers busy on Wall Street. It’s been the best start to the year ever for transactions valued at $10 billion or more. https://t.co/99uezBcTRB
Sysco to Acquire Restaurant Depot for $29 B
SCOOP: Sysco, the biggest U.S. food distributor, is buying family-owned Restaurant Depot for roughly $29 billion. $SYY https://t.co/DfxkDBnv1V
Elliott Holds Multibillion-Dollar Stake in Synopsys
SCOOP: Activist Elliott has a multibillion-dollar investment in Synopsys, the big chip-design software maker. $SNPS https://t.co/QyAv48vw6E
Unilever Explores Food Unit Spin‑off with McCormick
SCOOP: Unilever is in talks to separate its food business and combine it with spice maker McCormick. $UL $MKC https://t.co/dkrabAnWwZ
Ecolab Nears $5B Acquisition of CoolIT Systems
SCOOP: Ecolab is nearing a deal to acquire data-center cooling company CoolIT Systems from KKR for between $4.5 billion and $5 billion. $ECL https://t.co/1tDHzEKlYQ
Tilman Fertitta in Exclusive Talks to Acquire Caesars at $34
SCOOP: Billionaire Tilman Fertitta has been in exclusive talks to buy Caesars Entertainment for around $34/sh. https://t.co/Mz8usEYgRm
Exxon Shifts Legal Domicile to Texas to Dodge Shareholder Abuse
SCOOP: Exxon is planning to leave New Jersey to make Texas its legal home, the latest company to flock to the Lone Star state. I spoke to Exxon CEO Darren Woods about the decision; he said Exxon wants to guard...
Latham Steals Additional Wachtell Partners in NY Talent War
Scoop: Latham poaches more partners from Wachtell in New York, in latest moves in M&A legal talent wars. https://t.co/aE9xDa5Hzk