$TPG

9 stories mentioning TPGUpdated 3d ago

Every FINWIRES story that references TPG, newest first.

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks advanced in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%.The Philadelphia Housing Index was up 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.3%.Bitcoin (BTC-USD) was declining 0.7% to $64,905, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.641%.In corporate news, Brookfield Asset Management (BAM) has raised $2 billion for Brookfield Middle East Partners, a new private equity fund anchored by Saudi Arabia's Public Investment Fund and other institutional partners, PIF said Monday. Brookfield Asset Management shares rose 2.5%.TPG (TPG) is engaged in exclusive talks to buy Macquarie-backed Netrality Data Centers, Bloomberg reported. TPG shares were up 0.4%.Ares Management (ARES) held discussions to acquire private equity firm Leonard Green & Partners to expand its private equity business, the Financial Times reported. Ares shares added 0.6%.Bank of Hawaii (BOH) reported higher-than-expected Q2 earnings, but revenue growth fell short of market expectations. Its shares fell 4.4%.

$ARES$BAM$BOH$TPG

Wire3d ago

Market Chatter: TPG in Discussions to Acquire Macquarie-Backed Netrality Data Centers

TPG (TPG) is engaged in exclusive negotiations to purchase Macquarie-backed Netrality Data Centers, Bloomberg News reported Monday, citing sources familiar with the matter.The prospective transaction could value the target company between $2 billion and $3 billion, according to the report.TPG, Macquarie, and Netrality did not immediately respond to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.17, Change: $+0.34, Percent Change: +0.79%

$TPG

Wire20d ago

Market Chatter: Netflix, Other Media Companies Eye Letterboxd Sale

Netflix (NFLX) is in early talks to acquire film-focused social platform Letterboxd, which has been exploring a sale, Variety reported Friday, citing an earlier Puck report.The report said other potential suitors include Sony (SONY) Pictures Entertainment, Paramount Skydance (PSKY), private equity firm TPG (TPG) and Reddit (RDDT) co-founder Alexis Ohanian.Letterboxd, which has more than 30 million members worldwide, is reportedly being marketed at a valuation of about $250 million.Netflix, Paramount Skydance, Sony, TPG and Reddit did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $73.18, Change: $-2.30, Percent Change: -3.04%

$NFLX$PSKY$RDDT$SONY$TPG

Sectors21d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was up 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.2%.Bitcoin (BTC-USD) was rising 1.5% to $63,149, and the yield for 10-year US Treasuries fell 3 basis points to 4.539%.In economic news, US initial jobless claims fell sequentially to 215,000 in the week ended July 4 from an upwardly revised 217,000, compared with 217,000 in a Bloomberg survey.The pace of US existing home sales fell 2.4% to a 4.09 million seasonally adjusted annual rate in June from an upwardly-revised 4.19 million annual rate in May, compared with a rise to 4.20 million in a Bloomberg survey, data from the National Association of Realtors released Thursday showed.In sector news, Kalshi is in discussions with US regulators to expand its perpetual futures offerings beyond cryptocurrencies into asset classes including metals, foreign exchange, and energy, Reuters reported, citing Chief Risk Officer Udesh Jha.In corporate news, Blackstone (BX) and TPG (TPG) are looking to sell Hologic's surgical business for more than $4 billion, the Financial Times reported. Blackstone shares rose 3.1%, and TPG added 2%.Barclays (BCS) is preparing to sell about $875 million of debt financing to support Blackstone and Tinicum's acquisition of UK aerospace supplier Senior, Bloomberg reported. Barclays shares gained 1.8%.Mara (MARA) has agreed to buy a powered land site in Matagorda County, Texas, from HIF USA, the firms said. The site will be developed via Mara's partnership with Starwood Digital Ventures as a campus for Bitcoin mining and high-performance computing workloads. Shares jumped past 10%.CME's (CME) attempt to list a self-certified, round-the-clock crude oil futures contract has been blocked by the US Commodity Futures Trading Commission, the regulator said Thursday. CME shares fell 1.6%.

$BX$TPG

Sectors21d ago

Sector Update: Financial

$BX$TPG

Wire38d ago

TPG Names Axel Andre CFO

TPG (TPG) has named Axel Andre as chief financial officer, effective July 27, the alternative asset management firm said Monday.Andre will succeed Jack Weingart, who will transition fully as chief executive of TPG's Global Wealth Solutions business, the company said.Andre joins TPG from Reinsurance Group of America (RGA), where he served as executive vice president and CFO, the company said.Price: $41.79, Change: $-0.27, Percent Change: -0.63%

$RGA$TPG

Wire80d ago

OpenAI Launches Deployment Company, Agrees to Acquire Tomoro

Microsoft-backed OpenAI is launching the OpenAI Deployment Company and has agreed to acquire Tomoro, an applied AI consulting and engineering firm, the company said Monday.The OpenAI Deployment Company is a new company dedicated to helping organizations build and deploy AI systems, with more than $4 billion in initial investment.The new company is majority-owned and controlled by OpenAI, with 19 investment firms, consultancies and system integrators as partners, led by TPG, OpenAI said.Tomoro's acquisition will add about 150 engineers and deployment specialists to the OpenAI Deployment Company, OpenAI said. Financial terms of Tomoro's acquisition were not disclosed.The purchase is expected to close in the coming months, OpenAI added.Price: $408.80, Change: $-6.26, Percent Change: -1.51%

$GS$MSFT$TPG

Wire87d ago

Market Chatter: OpenAI Forms $10 Billion AI Deployment Venture With Private Equity Backing

Microsoft (MSFT)-backed OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its artificial intelligence products, Bloomberg News reported Monday, citing a person with knowledge of the matter.The venture, dubbed The Deployment Company, is backed by 19 investors, including TPG (TPG), Brookfield Asset Management (BAM), and Bain Capital, the source reportedly said.OpenAI will retain majority ownership and control, according to the report.The initiative is intended to use investor networks, which include more than 2,000 portfolio companies and clients, to accelerate enterprise uptake of OpenAI's technology, Bloomberg quoted the source as saying.The development comes as OpenAI and Anthropic compete to grow enterprise sales of AI software ahead of potential public listings, Bloomberg reported.OpenAI, TPG, Brookfield and Bain did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $416.49, Change: $+2.30, Percent Change: +0.55%

$BAM$MSFT$TPG

Sectors112d ago

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks increased late Thursday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.4%.The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.8%.Bitcoin (BTC-USD) rose 1.1% to $72,174, and the yield for 10-year US Treasuries was slightly lower at 4.29%.In economic news, US economic growth, measured by gross domestic product, was revised lower to a 0.5% increase in Q4 from a 0.7% gain in the second estimate, compared with estimates for no revision in a Bloomberg survey.US initial jobless claims rose to 219,000 in the week ended April 4 from an upwardly revised 203,000 in the previous week, compared with expectations for 210,000 in a Bloomberg poll.In corporate news, Ares Management (ARES) on Thursday agreed to acquire Whitestone REIT (WSR) in an all-cash deal worth about $1.7 billion. Ares shares were fractionally down, and Whitestone jumped nearly 12%.Carlyle (CG) will limit redemptions to 5% for its Tactical Private Credit Fund after receiving repurchase requests amounting to roughly 15.7% of shares outstanding, The Wall Street Journal reported, citing a shareholder letter. Carlyle shares were little changed.Goldman Sachs-backed (GS) Japanese taxi-hailing provider Go plans an initial public offering in 2026 that could raise between 50 billion yen ($314.5 million) and 80 billion yen, Bloomberg reported. Goldman shares shed 0.2%.TPG (TPG) has hired UBS (UBS) and Malayan Banking to help weigh options for Malaysian medical services provider Asia OneHealthcare, Bloomberg reported. TPG shares rose 1.2%, and UBS added 0.3%.

$ARES$CG$GS$TPG$UBS$WSR

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