Millennials are a lot better off financially than you may realize

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How High Can Hipgnosis Songs Fund Bidding Go? Some Investors Think Higher

billboard.com Concord and Blackstone are in a bidding war to acquire the equity of Hipgnosis Songs Fund (HSF). On Wednesday (April 24), Concord bid $1.25 per share for HSF’s share…

Concord outbids Blackstone for rights to songs by Shakira, Justin Timberlake

marketwatch.com The Nashville music producer, which is being financed by Apollo Global Management, outbid private equity giant Blackstone

Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion

foxbusiness.com New York City-based private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported…

Hipgnosis Songs Fund Agrees to Improved Concord Offer

wsj.com Hipgnosis Songs Fund, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.51 billion takeover by Concord…

Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt

wsj.com Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.

Blackstone to acquire Tropical Smoothie Cafe restaurant chain

marketwatch.com Blackstone said it is acquiring acquire Tropical Smoothie Cafe, an Atlanta-based franchiser with over 1,400 locations in 44 states, from Leichtman Capital Partners.

BREIT: Blackstone’s Bonfire of the Bagholders

investigativereporting.online Blackstone’s mammoth real estate investment trust, BREIT—more formally, the Blackstone Real Estate Income Trust—recently filed its Securities and Exchange Commission form…

Concord Raises Offer in Fight to Take Over Hipgnosis Songs Fund

billboard.com Concord Music raised its bid to take over Hipgnosis Songs Fund (HSF) on Wednesday (April 24) to $1.25 per share, one penny higher than the competing offer that Blackstone…

What’s Next for Hipgnosis? A ‘Roller Coaster’ of Missteps Brings the Fund and Its Founder to a Crossroads

billboard.com The cloudy future of Hipgnosis Songs Fund (HSF) became clearer on April 18, when the embattled company’s board of directors publicly supported a $1.4 billion takeover bid by…

Seed-stage firm Eniac Ventures raises $220M across two funds

techcrunch.com Eniac Ventures has closed two funds totaling $220 million, the seed-stage firm shared exclusively with TechCrunch. New York-based Eniac has raised $60 million for Select 1,…

Stock market today: Nasdaq futures pop, Tesla surges after earnings with more heavyweights on deck

finance.yahoo.com Tech stocks popped ahead of the bell on Wednesday, outstripping the broader market as investors welcomed Tesla's (TSLA) cheaper car pledge and waited for the next rush of…

How It’ll Take Years to Clean Up the Office CRE Mess, with Losses Spread Far and Wide

wolfstreet.com The Manhattan office tower Blackstone had bought for $605 million in 2014 and abandoned 2 years ago finally changed hands at $200 million. Two Years Ago, in March 2022,…

Victor Khosla on "toasty" equity, a real-estate reckoning, and ducks

semafor.com The Scene Asset-manager names come in a few well-worn flavors. There are your “color plus water features”. There are your Connecticut landmarks, your Atlantics and Pacifics.…

Asset Managers’ Brands Are Suffering

institutionalinvestor.com What’s in a name? Not as much as there used to be in the asset management industry. Overall, the brands of investment firms suffered in 2023, according to the latest annual…

Can MSCI drag private markets out of the shadows?

economist.com Henry Fernandez was once a counter-revolutionary. The man who over three decades has built MSCI, a provider of stockmarket indices, into a standard bearer of financial…

Wall Street titans are betting big on insurers. What could go wrong?

economist.com Blackstone listed on the New York Stock Exchange during the summer of 2007. Doing so just before the global financial crisis was hardly auspicious, and come early 2009 the…

White House calls on pension funds to adopt stronger labor standards

washingtonpost.com White House officials will meet on Tuesday with leaders from five major pension funds who have committed more than $1 trillion in capital requiring robust labor standards in…

The Morning Risk Report: U.S. Takes Aim at Chinese Banks Aiding Russia War Effort

createsend.com Good morning. The U.S. is drafting sanctions that threaten to cut some Chinese banks off from the global financial system, arming Washington’s top envoy with diplomatic…

Hipgnosis said it received a $1.50 billion approach from Blackstone that the song-catalog fund would be prepared to recommend to shareholders if a formal…

wsj.com Hipgnosis said it received a $1.50 billion approach from Blackstone that the song-catalog fund would be prepared to recommend to shareholders if a formal takeover bid were…

Hipgnosis Song Management Fires Back at Songs Fund Board: ‘Will Vigorously Protect [Our] Interests’

billboard.com Hipgnosis Song Management (HSM), the investment advisor for the troubled music royalty fund Hipgnosis Songs Fund that has come under scrutiny for its handling of accounting…

CVC co-founders have combined €2.6bn fortune, IPO prospectus shows

theguardian.com Three co-founders of CVC Capital Partners, the private equity firm that bought up and then sold Formula One, have built up a combined €2.6bn (£2.2bn) fortune, according to…

The $6 billion project to power 1 million NY homes with clean energy is the first of its kind

businessinsider.com Hydroelectric power from Canada could soon power a million homes in New York City via the CHPE transmission line. Jack Art/iStock/Getty Images Plus The 339-mile CHPE…

Anthos Therapeutics Announces Appointment of Bill Meury as CEO

benzinga.com CAMBRIDGE, Mass., April 22, 2024 (GLOBE NEWSWIRE) -- Anthos Therapeutics, Inc. (Anthos), is a clinical-stage company developing innovative therapies for cardiovascular…

Opening Bell: 4.8.24

dealbreaker.com Buyers eclipse sellers in premarket trading [BNN Bloomberg]In terms of market-moving events, it’s not exactly a supernova…. It’s a big deal for the solar power industry too,…

Blackstone tops Concord’s bid for Shakira music owner Hipgnosis

theglobeandmail.com Blackstone made a potential offer to buy Hipgnosis Songs Fund for about $1.5-billion, outbidding Apollo-backed Concord and triggering a takeover battle for the owner of…

Hipgnosis Songs Fund Board Likes Blackstone’s ‘Possible’ $1.5 Billion Bid

billboard.com Hipgnosis Songs Fund’s board of directors said on Monday that it would support a takeover bid from Blackstone if the private equity giant officially files its $1.5 billion…

Blackstone Shakes Up Music Industry With Hipgnosis Bid: Details

benzinga.com Blackstone Inc BX has emerged as a contender in a potential bid to acquire Hipgnosis Songs Fund for approximately $1.5 billion, surpassing a previous offer from Apollo…

Blackstone’s $1.5 billion bid for Hipgnosis threatens to spark takeover battle

marketwatch.com Hipgnosis said it is now minded to support Blackstone’s offer that saw it outbid a £1.1 billion offer submitted by Concord and its private-equity backer Apollo

Hipgnosis Gets $1.5 Billion Approach From Blackstone

wsj.com Hipgnosis, home to the catalogue of artists such as Neil Young, Shakira and Red Hot Chili Peppers, said it received a $1.5 billion approach from Blackstone that it would be…

Hipgnosis Drama Continues: Blackstone Bids $1.5 Billion for Troubled Music Fund, Topping Concord

variety.com The already-complicated battle over control of Hipgnosis Songs Fund grew even more so on Saturday, as the private equity firm Blackstone bid $1.5 billion to the troubled…

Hipgnosis in takeover battle as music investor says it would accept rival bid

theguardian.com The troubled owner of music back catalogues ranging from Beyoncé to Neil Young has said that it would accept a takeover offer from Blackstone, after the private equity…

‘Hell’s Kitchen’ Review: Alicia Keys Musical Brings a Vibrant Depiction of Teen Girlhood to Broadway

variety.com “Hell’s Kitchen” opened on Broadway on April 20, 2024. The following is Aramide Tinubu’s review of the show’s Off Broadway premiere published on Nov. 19, 2023. The credits…

Unilever forced to retain a multibillion-pound slice of its ice cream empire

finance.yahoo.com Unilever could be forced to hold onto a multi-billion pound slice of its ice cream empire, according to senior City sources, as the sheer size of the operations make it…

Don't ignore threats like inflation, recession, and war, warn Wall Street's biggest bosses

finance.yahoo.com None Wall Street's head honchos are wary of economic threats like inflation, recession, and war. • None BlackRock's Larry Fink and Blackstone's Steve Schwarzman flagged fear…

Blackstone Submits $1.5 Billion Takeover Bid for Hipgnosis Songs Fund, Rivaling Concord

billboard.com Private equity giant Blackstone bid $1.5 billion to buy Hipgnosis Songs Fund on Saturday (April 20), marking a significant escalation in the fight for control of the…

Housing Costs Are Crushing The American Middle Class, But How Can We Fix The Problem?

zerohedge.com Housing Costs Are Crushing The American Middle Class, But How Can We Fix The Problem? In a new poll conducted by the Financial Times and Michigan's Ross School of Business,…

There’s an early winner in the race to feed AI’s infrastructure demands: Private equity

aol.com Tech companies such as OpenAI, Google, and Meta are jostling for a lead in the AI arms race, fighting a shortage of engineers and advanced chips as they gear up for the huge…

Taiwan’s surging energy prices are a warning for power-hungry American AI companies

fortune.com AI is already consuming obscene amounts of energy—potentially as much as a quarter of all the U.S.’s electricity by 2030. Some of its major players, such as Taiwanese…

CEO Says KeyBank Is ‘Back to Playing Offense’

pymnts.com Liquidity continues to dominate Q1 earnings season for banking. Saying his company can finally “play offense,” Cleveland-based KeyBank CEO Chris Gorman presented a solid…

Microsoft aims to triple datacenter capacity to fuel AI boom

theregister.com Microsoft is looking to significantly expand datacenter space to service expected AI demand, tripling the rate at which it adds capacity early in its next financial year.…

There should be no rush to replay Hipgnosis’s noisy stock market experiment

theguardian.com So ends a stock market experiment that is unlikely to be repeated in a hurry: Hipgnosis Songs Fund, the music royalties company with songs by the likes of Beyoncé, Blondie…

Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises By

investing.com Investing.com -- Main U.S. indexes traded higher Thursday, attempting to rebound after recent losses ahead of the earnings from streaming giant Netflix (NASDAQ: ). Here are…

Music Rights Buyer Hipgnosis, Home to Justin Bieber and Neil Young Catalogs, Sells to Concord for $1.4 Billion

thewrap.com Hipgnosis Songs Fund, the London company that bought up the rights to the music catalogs of nearly 150 artists from Justin Bieber to Neil Young, is selling itself to Concord…

Hipgnosis Songs Fund Agrees to $1.4 Billion Takeover by Concord

variety.com The troubled Hipgnosis Songs Fund, whose former CEO Merck Mercuriadis drove up the value of music catalogs with more than $3 billion in acquisitions before overspending and…

Blackstone warns that private equity cannot return capital ‘overnight’

archive.ph Blackstone has said it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for…

Blackstone Credit and Retail Lines Drive Narrow Profit Beat

finance.yahoo.com Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits. • None Red Lobster…

US stock futures rebound after recent losses; Netflix in focus

investing.com Investing.com-- U.S. stock index futures edged higher Thursday following another negative session on Wall Street, ahead of earnings from streaming giant Netflix. At 06:45 ET…

Independent music company Concord agrees to buy Britain’s Hipgnosis for US$1.4-billion

theglobeandmail.com Nashville-based independent music company Concord has agreed to buy Britain’s Hipgnosis Songs Fund for $1.4-billion, the companies said on Thursday, to gain rights to the…

Blackstone Earnings Rise as Value of Investments Climbs

wsj.com Blackstone’s private-wealth business had its highest inflows since 2022, raking in $8 billion as resurgent public markets gave investors the renewed confidence and…

Stock market today: Nasdaq 100 leads US futures in gains after AI chipmaker reports strong earnings overnight

aol.com None US futures made steady gains ahead of the bell Thursday. • None The Nasdaq 100 led with gains of around 0.4% after chipmaker TSMC reported strong earnings overnight. •…

UK music investor Hipgnosis agrees £1.1bn takeover by Concord Chorus

theguardian.com The embattled British music royalties investment fund Hipgnosis, which owns the rights to songs by artists from Beyoncé to Neil Young, has agreed to a $1.4bn (£1.1bn)…

This Blackstone tabletop griddle delivers an 'exceptional cooking experience,' and is now more than $50 off

thestreet.com TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. It's that time of year when people start…