Private Equity

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Warburg Pincus Raises $3 Billion for Financial Services Fund

Warburg Pincus has raised $3 billion for its third fund dedicated to deals in the financial sector.

By Swetha Gopinath

Warner Bros. Dismisses Latest Paramount Bid as Inadequate

Warner Bros. Discovery Inc. determined that an amended takeover offer from Paramount Skydance Corp. is inferior to the deal it already has in place with Netflix Inc. and urged its shareholders not to tender their shares to the interloper.

German Dentists’ Fund Sues Advisers Over €1.1 Billion Loss

A German pension fund whose foray into private markets led to losses that totaled half of the fund’s assets has begun legal proceedings against its former auditor, an adviser and its own managers to recover the damages.

Lux Capital Raises $1.5 billion for Its Largest Ever Fund

Venture firm Lux Capital raised $1.5 billion for its ninth fund — the largest in its more than 20-year history — with plans to back more companies that focus on fields like breakthrough science and national security.

CEO of Billionaire’s Beer Empire Fights Heirs’ Ouster Bid

The power struggle pitting one of Europe’s richest drinks families against the chief executive officer of their firm is intensifying as shareholders vote on ousting him from the main holding company.

Lilly Nearing $1 Billion Deal With Biotech Ventyx, WSJ Says

Eli Lilly & Co. is in advanced talks to acquire Ventyx Biosciences Inc. for more than $1 billion to expand its work in immunology, according to a report in the Wall Street Journal.

Weinstein Steps Up Baillie Gifford Attack Over SpaceX Sale

Activist investor Boaz Weinstein stepped up pressure on the board of a Baillie Gifford fund ahead of a key shareholder vote, seeking answers to questions over a decision to sell down a stake in SpaceX.

OpenAI Challengers Test Appetite for China AI With Twin IPOs

Two of China’s largest generative AI startups are set for back-to-back debuts in Hong Kong this week, testing investor appetite for an industry that blossomed in the post-ChatGPT era. Yet Zhipu and MiniMax — among the country’s earliest challengers to sector leaders including OpenAI — took very different routes to public markets.

Mobileye to Buy Humanoid Robot Maker Mentee for $900 Million

Mobileye Global Inc. is acquiring Israeli startup Mentee Robotics in a cash-and-stock deal valued at $900 million, as the self-driving car system company expands its robotics capabilities.