BlackRock Inc is taking a stake in Authentic Brands Group LLC in a deal valuing the U.S.-based entertainment company at more than $4 billion including debt, the Wall Street Journal reports on Sunday citing sources.
BlackRock Inc's new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group LLC, making it the largest investor in the U.S.-based entertainment company, the fund said on Sunday.
Goldman Sachs lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events.
Apple supplier AMS AG said it has made an all-cash takeover offer for German lighting group Osram Licht AG at an offer price of 38.5 euros per share.
BlackRock bought a roughly 30% stake in Authentic Brands Group, parent company of Sports Illustrated, for $875 million.
Goldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world's two largest economies before the 2020 U.S. presidential election.
Apple supplier AMS AG on Sunday said it plans to make an all-cash takeover bid for German lighting group Osram , offering 38.5 euros per share, more than a rival offer from private equity firms Bain Capital and Carlyle Group.
Austrian sensor specialist AMS triggered a bidding war for Osram on Sunday, saying it was ready to pay $3.8 billion for the German lighting group's shares, 10% more than finance investors Bain Capital and Carlyle have already offered.
Russia's state communications watchdog has asked Google to stop advertising "illegal mass events" on its YouTube video platform, it said on Sunday.
Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.
Asian shares fell on Monday morning, while gold prices held firm as investors worried a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession.
Oil prices dipped on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.
Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution.
Morgan Stanley uses artificial intelligence to test what happens when its analyst and the markets disagree on a stock.
Is honesty really the best policy? Nearly a quarter of Americans have lied to a partner about their debt.