Wall Street Providing Financing Deals Backed by AI Chips

Alternative asset manager Blackstone is reportedly set to acquire an 80% stake in Sony Payment Services, a payment service provider under Sony Group.  The deal, valued at approximately $280 million, is expected to be announced as soon as Friday (Dec. 22), Bloomberg reported Thursday (Dec. 21), citing an unnamed source.  Neither...

Pet care marketplace Rover is set to be acquired by private equity firm Blackstone for $2.3 billion. “We are thrilled for this next chapter in the Rover story and look forward to the partnership with the Blackstone team, who share our conviction, excitement and strategic vision,” Aaron Easterly, co-founder and...

Private equity group Blackstone is reportedly the leading bidder for Signature Bank’s commercial property loans. Sources tell Bloomberg News that Blackstone is the frontrunner to gain possession of an approximately $17 billion loan portfolio from the failed bank, per a report Sunday (Nov. 19). The Federal Deposit Insurance Corp. (FDIC) has been trying...

Private equity firms Blackstone and Permira are reportedly reconsidering their potential acquisition of Oslo-based online classifieds company Adevinta. The potential deal, which would have been one of the year’s biggest buyouts, is being taken back to the investment committees of the firms for further discussion, Bloomberg reported Sunday (Oct. 22), citing...