AppLovin offers to buy video game software maker Unity in $17.5 billion deal

-Gaming software company AppLovin Corp on Tuesday made an offer to buy peer Unity Software Inc in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional...

TPG quarterly earnings more than triple on fee growth, asset sales

By Chibuike Oguh NEW YORK - TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its...

Private equity units at buyout firms contract as financial markets tumble

Firms including KKR, Carlyle Group and Apollo Global report declining PE assets in the second quarter

Sinema’s Puzzling Defense of the Carried Interest Loophole

Kyrsten Sinema, Democrat of Arizona, announced her support for the Inflation Reduction Act. The bill would spend about $300 billion, and raise taxes by roughly the same amount, over 10 years....

Apollo's Q2 earnings rise as Athene helps brave dealmaking slowdown

By Chibuike Oguh - Apollo Global Management (NYSE:APO) Inc reported a 13% rise in second-quarter earnings on Thursday, as income from its annuities provider Athene more than compensated for a...

KKR Sells Minnesota Company And Blue-Collar Workers Get A Piece Of The Pie In Employee-Ownership Program

As KKR sells Minnesota Rubber and Plastics for $950 million, all of its nearly 1,500 workers get cash, too, typically ranging from $12,000 to $96,000.

UBS Removes Intel from Top Picks, Adds Microsoft

By Sam Boughedda UBS analysts updated the firm's top picks on Monday, revealing they have removed Intel from the list and replaced them with Microsoft (NASDAQ:MSFT). Despite removing Intel from...

Ferrari N.V Tops Earnings, Revenue Estimates, Boosts Guidance

By Sam Boughedda Ferrari N.V US-listed shares are down just under 1% Tuesday after reporting an earnings and revenue beat. The Italian luxury sports car manufacturer reported second-quarter...

Global Markets Slump With Terrified Traders Tracking Pelosi's Next Move

Global Markets Slump With Terrified Traders Tracking Pelosi's Next Move Forget inflation, stagflation, recession, depression, earnings, Biden locked up in the basement with covid, and...

Illinois Tool Works Earnings, Revenue Beat in Q2

Investing.com - Illinois Tool Works reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Illinois Tool Works announced earnings per...

Trelleborg to buy KKR's Minnesota Rubber and Plastics in $1 billion deal

Swedish engineering firm Trelleborg AB has agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR & Co Inc for about $1 billion in cash, according to people familiar with the...

Air Canada raises annual cost forecast, earnings miss

-Air Canada on Tuesday missed on earnings as costs rise after posting a smaller quarterly loss and forecasting higher full-year expenses. North American carriers are flying more passengers after a...

KKR profit falls 9% on lower deal fees

KKR & Co Inc said on Tuesday its second-quarter after-tax distributable earnings fell 9% year-on-year, as a slowdown in dealmaking amid the market downturn resulted in a plunge in transaction fees...

Key Events This Busy Week: Jobs, ISM, And Even More Central Banks And Earnings

Key Events This Busy Week: Jobs, ISM, And Even More Central Banks And Earnings After a frenzied week which saw not just the US slide into technical recession just hours after the Fed...

Silver Lake-backed Cegid to combine with Grupo Primavera in €6.8bn deal

Merger of groups owned by likes of KKR and Oakley Capital shows investor interest in European software sector

KKR backs medicine start-up as private equity pushes into sector

$55mn raised by genome specialist Replay comes amid wider interest among large investors

KKR's Dan Pietrzak just wrapped a $2.1 billion asset-based finance fund. It's the investor's first-ever fund of this...

Meet Dan Pietrzak, the c0-head of private credit for KKR. His team just closed a $2.1 billion fund solely focused on asset-backed financing. It's the first time KKR has formed a fund dedicated to...

Dow Jones Newswires: KKR closes new $1.1 billion Asia credit fund

The new fund, called KKR Asia Credit Opportunities Fund, received financing from new and existing investors. KKR itself also invested over $100 million in the fund through its balance sheet and...

Garage-door maker employees get cash reward in takeover as private equity tests ownership model

C.H.I.'s private equity owner, KKR, is selling the company to steel manufacturer Nucor in a $3 billion deal. The sale marks one of KKR's largest returns in recent history, generating a massive...

This Illinois company was just sold for $3 billion, but hundreds of employees are getting a cut. Some will get $800000

Hundreds of hourly workers at the plant in Arthur, Illinois, will receive between $20,000 and $800,000 each when the transaction closes. The deal represents a huge return on investment for KKR,...

KKR to Sell CHI Overhead Doors to Nucor, Generating Windfall for Itself and Employees

KKR said Monday it would sell CHI Overhead Doors to steel producer Nucor Corp. for $3 billion including debt. CHI’s hourly workers will make between $20,000 and $800,000 each before taxes when...

Cramer's lightning round: I like Blackstone over KKR

"Mad Money" host Jim Cramer rings the lightning round bell. Cramer gives his answers to callers' stock questions at rapid speed. Call Cramer: 1-800-743-CNBC or visit madcap@cnbc.com. Sign up now...

Stocks Open Mixed Ahead of Fed Meeting

U.S. stock indexes were mixed at the opening Tuesday as investors geared up for the Federal Reserve’s policy decision this week. The S&P 500 rose 0.3% in early trading. Airbnb, Starbucks and Lyft...

Private Equity Is the New Financial Supermarket

Mr. Gray has spent most of his time in Blackstone’s comparatively staid real estate business. He has helped the firm become one of the biggest property owners in the world. Mr. Gray is expected to...

Business

Joe Biden nominated Jerome Powell for a second term as chairman of the Federal Reserve. Left-wing Democrats had sought to boot Mr Powell out of the job. Their preferred candidate for the top job...

What to watch today: Dow set to bounce after Friday's decline capped a rough week

Dow futures rose about 150 points to start the holiday-shortened week. President Joe Biden announced he's renominating Jerome Powell as Federal Reserve chairman. The 30-stock average on Friday...

KKR buyout offer sends Telecom Italia shares surging 27%

The non-binding proposal values the former phone monopoly at 0.505 euros per share in cash. This indicates a 45.7% premium on Friday's closing share price, and rises to more than 33 billion euros...

KKR makes €33bn buyout offer for Telecom Italia

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KKR makes a non-binding $12 billion takeover bid for Telecom Italia

The KKR proposal values TIM at 10.8 billion euros ($12 billion) TIM's fixed-line business is its most prized asset and is deemed strategic by Rome. Rome has powers to block any unwanted moves by...

KKR makes non-binding $12 bln takeover proposal for Telecom Italia

KKR's proposal would offer a 45.7% premium versus the closing price of TIM's ordinary shares on Friday. It comes as TIM's CEO Luigi Gubitosi battles for survival after coming under fire from top...

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