OpenAI Secures Additional $10B, $3B From Individuals
OpenAI adds $10 billion to its massive fundraising haul, including $3 billion from individuals. https://t.co/fYFIkCIpZB
SAP‑Reltio Merger Challenges Non‑SAP MDM Users
When MDM Gets Absorbed: What the SAP-Reltio Deal Means for Customers Who Aren't SAP Shops https://t.co/pLHhNYHSPA
T‑Mobile, TPG Team up to Bid for Uniti Group
Hearing on $UNIT -- T-Mobile and TPG are partnering on a bid to acquire Uniti Group [NASDAQ: UNIT], according to sources. TMT FINANCE
Private Credit Wins: Sixth Street Secures Prepayment Fee
Looks like some private credit is good. With Apellis $APLS set to be acquired by Biogen $BIIB, Sixth Street $TSLX is likely to earn a prepayment fee on its term loan (which is at SOFR + 575). https://t.co/AS5W0OFzUn
Sysco's Pending Restaurant Depot Deal Sparks Industry Debate
Some additional thoughts on the Sysco acquisition of Restaurant Depot (which still needs to get regulatory approval.) Here's a short thread but I'm curious what people in the #restaurant industry think about this deal? 1/10
BAT Converts Debt to Equity, Now Holds 40% of CWEB
$MSOS @thestreetpro Apropos to the possibility of takeover optionality in cannabis stocks mentioned in my previous post: https://t.co/PAAYQbNLtA In the first real precedent of tobacco companies taking an equity stake in cannabis - $BAT has elected to convert its debenture into...
AI Fuels Record Funding, Opening Door to OpenAI IPO
The IPO window is back, & 2026 could be unprecedented. 🔥 In an interview with @SchwabNetwork, Crunchbase Research Lead @geneteare explains how AI is driving record venture funding & what an @OpenAI IPO could mean for the market. Watch the conversation. 🎥:...
Valuation Is a Narrative, Not Just Numbers
"Valuation is a story" Great thoughts on Allbirds from @ProfPaulNary who I encourage you to follow for his thoughtful insights on the M&A space.
FDA Peptide Loosening Could Power Enhanced Games’ Public Debut
If the FDA follows through with lifting restrictions on several peptides, it could unlock a massive market opportunity in performance medicine. One of the most interesting candidates IMHO – with all the bias I have as one of the founders -...
Bankers Demand 3:1 Debt‑equity, You Fund 25%
“The banker [might demand] an ‘opening balance sheet debt to equity ratio of at least 3:1.’ What does this mean?... Basically 25% of the purchase price needs to come from you.” –Borrow from Biz Brokers https://t.co/l2EObkfURN #smallbiz #mergersandacquisitions https://t.co/z7HqTBPGvz
GalaxySpace Launches IPO, Leveraging Veteran Aerospace Talent
Chinese Satellite Startup GalaxySpace Kicks Off IPO The company’s core engineering team includes veterans from major state-backed aerospace institutions, including units under China Aerospace Science and Technology Corp. and China Aerospace Science and Industry Corp. Its business spans satellite mobile...
Deal Cash Exceeds McCormick’s $14.2B Market Cap
The cash component of the McCormick-Unilever deal is greater than McCormick's market cap of ~$14.2 billion. Don't see that everyday https://t.co/htFEkz8aBy https://t.co/iWtXnzGFui
Eli Lilly Acquires Centessa for $7.8B in Neuro Push
Lilly buying $CNTA Centessa (hub & spoke R&D co) for $6.3B + $1.5B CVR. Another neuro deal. Big congrats to @Medicxi, Index ventures, General Atlantic https://t.co/jkC9dv6d3I @medicx
Elon Musk Denies Robinhood, SoFi Exclusion From SpaceX IPO
🚨 @elonmusk says reports of Robinhood and SoFi being excluded from SpaceX IPO are FALSE Don't believe everything you read on the Internet. https://t.co/tquUQsj9IO
Management's Costly Deals Hurt Shareholders, Create Profit Opportunities
Screw your shareholders by doing a stupid massively expensive issuance favoring a particular investor. Underperform your asset by 15%. It's unbelievably easy to make money when idiot management do these deals $MTPLF $ONDS $IONQ https://t.co/kMwFGySBfO
Biogen Buys Apellis for $5.6B, Adds SYFOVRE Sales‑linked CVR
1/Another mega M&A deal in the BioTech and Pharma sector with the acquisition of Apellis Pharmaceuticals - $APLS by Biogen $BIIB for $41 per share in cash at closing in a $5.6B deal. In addition, Apellis stockholders will also receive...
Three Hidden Deal Factors Could Derail Sunway Before Deadline
Everyone is watching whether Sunway extends the April 6 closing date. That is the wrong thing to watch. There are three things sitting quietly in this deal that nobody is talking about — and one of them could end the entire conversation...
Japanese Cross‑shareholdings Shield Incumbents, Hurt Shareholders
Shareholders are supreme under Japanese corporate law, but shareholders' economic interests are not. What is the distinction? Japan is (in)famous for its webs of cross-shareholdings. Suppliers, customers, financial institutions own shares in each other, and always support incumbent management with their...
Organigram's Sanity Deal Boosts EU Reach, Buy Pullback
Macro: Organigram acquires Sanity, expands into EU; Key: 93% vote, BAT financing, 68.6% LTM rev, positive EBITDA; Risks: closing risks, earnout; Trade: buy on pullback — Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
Even Legacy Founders Eventually Cash Out
Sysco just acquired Restaurant Depot from its 94 year old founder for $29B. Every founder will eventually exit their business at some point.
Goldman Predicts Retail Outflows in Direct Lending Through 2027
Good episode from Goldman on private credit. They forecast outflows from retail channel for direct lending into 2027 https://t.co/eP2DhDcZhr
Acquisitions Accelerate Growth: Favor Mid‑Size M&A Deals
Solid thoughts Art… Compressing “time to scale” is always a good M&a model — as is “owning a loved brand” Facebook was quickly copying WhatsApp and instagram — but decided to accelerate through an acquisition (and got two more swings...
Prediction Market Insider Trading Surges Ahead of SpaceX IPO
🆓 Monday links: prediction market insider trading, the SpaceX IPO, and the Las Vegas economy. https://t.co/YOHx684pmO chart: https://t.co/oI8dMmmDov https://t.co/SXFchEDUrC
Essential Tips Before Buying a Business
Live Thursday Buying a Business? What You NEED to Know First. Tune in as we discuss what buyers often miss, how deals really work, and why having the right advisors can make or break your next business move. Set yourself...
16% of EasyPost Slated for Auction Amid Merger
16% of EasyPost going up for auction on April 22 according to a LI post from Ben Emmrich of Tusk Logistics. EasyPost is part of Auctane which was acquired by Thoma Romo and now in process of combining it with...
Sony Nears $1B Sale of Home Entertainment to TCL
"Sony is nearing an agreement to sell a majority stake in its home entertainment business to TCL in a deal that may be valued at about $1 billion... with Sony holding 49% and TCL holding 51%."
Sysco Moves Into Cash‑and‑carry with Restaurant Depot Acquisition
Big news as @Sysco announces the acquisition of Restaurant Depot. While broadline has done well, cash-n-carry distribution continues to do well & this gets Sysco into a segment that it has historically avoided. This is from last year but growth is...
IPO’s Early Surge Erodes, Now Trading Below Issue Price
IPO & Listing (August 2025): The IPO was priced at ₹800 and listed at a 10% premium (₹880). It even rallied to a post-listing high of ₹1,425 shortly after. The Current Slump: As of today, the stock is trading around...
Buy a $2M Business With Zero Down by Understanding Sellers
Nobody teaches you this in school: You can buy a $2M business with $0 down if you understand how sellers think.
FORA's Stellar Year Suggests Bid Should Rise
$FORA just recorded outstanding end-of-year results. Revenue in Q4 was up 37% YoY. Full-year revenue grew 50%, with EBITDA increasing 70%. Management is clearly lowballing, and the bid should be increased. Discussions with the special committee are still ongoing.
Government Funds Reject Sunway Bid, Deal Unlikely
EPF’s abstention was a signal. Formal rejection is a verdict. The investment committee has turned down Sunway’s RM3.15 offer. Says the offer does not reflect IJM’s intrinsic value. EPF holding 20.52%, PNB at 13.3% already rejecting, together with other government-linked funds owning...
OpenAI Launches Sora, Pivots to IPO and Enterprise Focus
🎯 OpenAI tue Sora et entre en mode IPO. Fini les side projects : tout pour ChatGPT et le code entreprise. Sam Altman passe de fondeur de startup à futur CEO coté en bourse. #IA #OpenAI https://t.co/H4WYEJcdDR
Avoided Coal India IPO: Listed at Discounted Price
Negative Listing in Central Mine - IPO ( Coal India ) IPO listed at ₹160 (-7% ) against the issue price of ₹172 As expected we can see the discount listing. 🔻 Also it was in my avoid list for Listing day...
Consider Buying NYT to Counter Supershare Bias
Too bad the nytimes is so closely held with supershares.. would be epic to buy it and send it straight to the middle, and take out the bias I guess the best we could do is to build a position...
AI Automation Risks: IP, Taxes, and Market Uncertainty
I can’t wait to read the Risks section of your IPO Prospectus and future SEC filings Risks: within the next 4 years we expect to completely recreate all processes and procedures in each organization to optimize the replacement of humans with...
EPF Abstains, Handing RM11b Deal to Minority Shareholders
The single largest shareholder in IJM just refused to vote on a RM3.15 per share takeover bid worth RM11b in total. That silence is not neutral — it is doing something specific. (Abstentions in public M&A rarely mean “no opinion.”) EPF, IJM’s...
Earendil Labs Secures $787M to Accelerate AI Biologics
Earendil Labs Announces $787 Million in Financing to Scale AI-Driven Biologics Discovery and Development Who is winning AI race again? https://t.co/ZW4S2zUGkS
Anthropic IPO Could Raise $60B, Second Largest Ever
Anthropic is discussing an IPO as soon as Q4 2026, with bankers expecting it to raise over $60B, which would make it the second-largest public offering ever behind SpaceX [Reg Req] https://t.co/1wzInQY2y8 #ArtificialIntelligence #Innovation #Technology #Tech #TechNews https://t.co/rDNdrf4S4Q
From Family Office Advisor to Founder: Raising $25M
An important reminder if you work for a family office or just a HNWI and you've done a wonderful job allocating their capital across various asset classes: fixed income, real estate, public equities, PE, venture capital, private credit, commodities, and traditional...
Consumer M&A Surge Sparks New Coverage Focus
Programming note: I'm adding consumer/retail M&A to my beat while continuing to cover deals across sectors including health, media and telecom. Here's my take on the recent boom in consumer deals: https://t.co/QONxOmUWe1
Synergy Turns 4x Acquisitions Into 10x Value
the roll-up math: buy 8 businesses at 4x combined EBITDA: $4M Synergised platform value at 10x: $40M same earnings the multiple did all the work
Clarke Acquires Ravelin REIT for $1.1B, Adds
#Canadian bacon saved as #Clarke, a co that operates ferries on the #StLawrence buys out struggling #REIT #Ravelin in deal that values REIT at $1.1B+adds 6.3MSF NA+#European offices to Clarke's portfolio. #realestate #CRE #mortgage #TSE https://t.co/O403vkrbXu
Quality‑of‑Earnings Review Triggers Price Cuts and Walk‑aways
the quality of earnings review finds every time: – inflated owner salary – personal expenses in business – one-off revenue not repeating – related party transactions every finding: – a price reduction – a structure adjustment – a walk away signal never skip it
From Billion‑Dollar Deals to Billion‑Dollar Turnarounds
IB at Goldman Sachs. PE at TPG. Then he pitched a $1B restaurant buyout at Paulson — now he’s fixing another $1B mess.
SpaceX and Tesla Set to Merge, Become “X”
Prediction: SpaceX and Tesla merge within the next 12 months @CCM_Ryan thinks it will be renamed to "X"
Versant Joins Talks to Buy Vox Media's Podcast Unit
scoop w/@jtes: CNBC and MS Now parent Versant is among the companies in talks to acquire Vox Media's podcast biz https://t.co/sWkoNWwPEH
Boards Can't Unilaterally Cancel Mergers; Shareholder Vote Required
I am dumbfounded that an institutional investor could think that a board of directors can just terminate a definitive merger agreement. I am even more shocked that they would admit this publicly in the media. For the uninitiated, a merger agreement can...
Profit From the EBITDA Multiple Spread in M&A
M&A basics nobody teaches you: – buy at 3–5x EBITDA – combine into platform – sell at 10–12x – personal capital: $0 the spread between those two multiples is the entire game
Sunway's 387% Surge Beats IJM's 9% Loss
Sunway is showing IJM how to actually make money. A 387% return vs a 9% loss? This isn't just a merger; it's a rescue mission for your portfolio. Let’s break this down: 1. Sunway's 387% dominance. 2. IJM's wealth destruction. 3. The national champion play. 🧵👇🏼
Avoid All Three IPOs, Even Top Pick
3 - IPO : Closing Today 🚨 1) Amir Chand (Best among all 3) 2) Sai Parental 3) Powerica Ltd My Final Decision - AVOID ❌ @champ_trader