(Bloomberg) — Sony Music Entertainment is preparing a bid against private equity funds Blackstone Inc. and KKR & Co. to acquire Japanese e-comics provider Infocom Corp. in a deal estimated to be worth around ¥200 billion ($1.3 billion). Most Read from Bloomberg A second round of bidding for Teijin Ltd.’s entire stake in Infocom will […]
Dave Ramsey was vocal about his prediction two years ago that home values would rise, a controversial thesis in the middle of the Federal Reserve’s interest rate hiking campaign. His reasoning was simple, highlighting the supply shortage in the market by saying that “when there is a shortage of an item … prices go up.” […]
(Bloomberg) — Blackstone Inc. struck a roughly $10 billion deal for an apartment landlord in the latest sign that the real estate investor sees a ripe moment to pour money into the property market. Most Read from Bloomberg Blackstone agreed to acquire Apartment Income REIT, known as AIR Communities, in an all-cash deal for $39.12 […]
(Bloomberg) — Real estate prices have bottomed and there’s a great opportunity to move fast and buy assets at beaten-down prices, according to Blackstone Inc. President Jon Gray. Most Read from Bloomberg “The perception is so negative and yet the value decline has occurred, so when you get into this bottoming period that’s when you […]
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‘No end in sight’: Blackstone CEO doesn’t think the US can handle another term under President Biden — or what he calls ‘four more years’ of debt misery. But is it really that bad? Blackstone boss Stephen Schwarzman has his doubts about the future of the U.S. economy if President Joe Biden wins re-election in […]
(Bloomberg) — Blackstone Inc.’s profit climbed 4% in the final quarter of 2023 as President Jon Gray sees an inflection point for private equity after one of the industry’s worst years. Most Read from Bloomberg The world’s largest alternative-asset manager reported distributable earnings of $1.4 billion, or $1.11 a share, beating analysts’ 96-cent average estimate. […]
(Reuters) – Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday. U.S.-listed shares of Tricon jumped about 28% at market open, hitting nearly a one-and-a-half-year high. Under the deal, Blackstone will acquire all outstanding shares of Tricon for $11.25 per share […]
(Bloomberg) — Just after lunch on a Tuesday in March 2019, a top-ranking Blackstone Inc. executive emailed Morgan Stanley’s Pawan Passi, seeking help to start exiting one of the investing giant’s most lucrative real estate bets ever. Most Read from Bloomberg The very minute Passi got the message, he called a hedge fund, which spent […]