Category: News
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Comcast Could Spin-Off MSNBC, CNBC, and E!
Cable giant Comcast Corporation is weighing a spinoff of its NBCUniversal cable networks. Part of this includes its left-leaning struggling cable business MSNBC. Other assets on the block include CNBC, Bravo, E!, Syfy, USA Network, and Oxygen True Crime. The cable-media juggernaut could also form a “new, well-capitalized company owned by our shareholders and comprised…
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Bezos Bets on Skild AI Venture
Skild AI has operations both in Pittsburgh, Pennsylvania and San Francisco, CA. The company is a developer of developer of AI robotics designed for physical work. Skild AI has closed a $300 million Series A funding round. The round was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Jeff Bezos (through Bezos Expeditions), with…
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FTV Capital Invests in Canadian Energy Data Company
Energy markets tend to generate a vast amount of transactional data. FTV Capital, which had its origins as more of a venture capital company in California, led a FTV Capital has led a significant strategic growth investment in Vancouver, Canada-based ZEMA Global Data Corporation (formerly ZE PowerGroup), a provider of enterprise data management and analytics…
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KKR and GIP-Backed Data Center Owner and Operator CyrusOne Gets Whopping $9.7 Billion Worth in Credit Facilities
CyrusOne is a global data center owner, developer and operator. The company closed a massive $7.9 billion warehouse credit facility. This executed transaction is incremental to the $1.8 billion revolving credit facility financing completed in May 2024, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders. The warehouse credit…
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PGIM Real Estate Primes for Non Bank Lender Strategy in Australia
PGIM Real Estate, an investment firm unit of Prudential Financial, Inc., sees opportunity in Australian real estate debt as tighter regulation impacts Australian banks. This is especially true in areas like construction financing. Non-bank lenders such as PGIM and sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) sees opportunities in this space. PGIM…
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Mubadala Apparently Clears CFIUS Hurdle to Acquire Fortress Investment Group, According to the FT
Mubadala Capital, which is a unit of Abu Dhabi-based Mubadala Investment Company, was reported by the Financial Times (FT), to have cleared a major U.S. regulatory hurdle in its bid to acquire New York-based Fortress Investment Group. The FT cited that the Committee on Foreign Investment in the United States (CFIUS) approved Fortress’ sale of…