Private Equity

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TPG Financing Tied to Dish-DirecTV Deal Creates New Wrinkle

A financing led by TPG Angelo Gordon amid the proposed tie-up between satellite pay-TV providers Dish Network and DirecTV is creating a fresh wrinkle in an already complicated and contentious deal process.

By Reshmi Basu and Jill R. Shah

Sequoia to Rake in Over $100 Million From Crypto Acquisition

Venture capital firms are set to make hundreds of millions of dollars from Stripe Inc.’s acquisition of crypto platform Bridge for $1.1 billion in cash and stock, according to people familiar with the matter — a deal that’s handed VC firms a rare win in a difficult market for crypto startups.

AAA Bonds Go Bust and Reveal Depths of US Office-Market Crash

For the first time since the great financial crisis, buyers of top-rated commercial mortgage-backed securities are suffering losses.

State Bank of India Chair Targets Unbanked in Expansion Plans

The State Bank of India’s newly appointed chairman said he’s targeting the country’s unbanked population as it seeks to expand amid intense competition for deposits.

Lumio Pitches Last Minute Bankruptcy Buyout Deal with Zeo Energy

Bankrupt residential solar company Lumio Holdings Inc. has a new deal to sell its assets to Zeo Energy Corp. after White Oak Global Advisors LLC’s proposed $100 million credit bid fell through.

Brookfield Hires Head for Entry Into Japan Reinsurance Market

Brookfield Wealth Solutions, has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, according to people familiar with the matter.

Santé Hedge Fund Worker’s Jury Win in Bonus Suit Again in Peril

A former Santé Ventures marketing director who twice went to trial in her lawsuit seeking bonus payments must choose between seeing her $1.4 million jury verdict cut by $200,000 or preparing for a third trial, a federal judge said.

Matt Levine’s Money Stuff: You Want Some Stocks That Go Down

Also bond quants, reverse split manipulation, concentrated funds and Tether.

Silver Lake’s $1.7 Billion Zuora Deal Hit With Court Challenge

Zuora Inc. insiders orchestrated a self-dealing $1.7 billion sale to Silver Lake after undercutting an activist investor, according to a court filing challenging the transaction.

Chauffeur Firm Blacklane Draws Saudi Arabia’s PIF in New Round

Blacklane GmbH, a luxury chauffeuring startup backed by Mercedes-Benz Mobility AG, raised €60 million ($65 million) in its latest funding round from investors including Tasaru Mobility Investments, a subsidiary of Saudi Arabia’s Public Investment Fund.