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Google and Blackstone Bet $5 Billion on New Newcloud to Challenge CoreWeave
24/7 Wall St.88d agoneutral
Google and Blackstone Bet $5 Billion on New Newcloud to Challenge CoreWeave

The Number Blackstone (NYSE:BX) is committing $5 billion in equity capital to a new artificial intelligence cloud venture with Alphabet‘s (NASDAQ:GOOG) Google Cloud, according to a Wall Street Journal report. The figure represents Blackstone’s equity contribution alone. Total compute investment could reach $25 billion once debt financing is layered in, per Bloomberg. The $5 billion is ... Google and Blackstone Bet $5 Billion on New Newcloud to Challenge CoreWeave

Google and Blackstone Join Forces to Topple Nvidia’s AI Cloud Dominance
Barrons.com88d agoneutral
Google and Blackstone Join Forces to Topple Nvidia’s AI Cloud Dominance

Alphabet stock is nearing a $5 trillion market cap—and the Google parent hasn’t gotten there just by standing still. The latest news: Google and Blackstone announced plans to create a new AI cloud company using the tech giant’s chips. The joint venture will create a new U.S.-based company offering data center capacity and Google’s Tensor Processing Unit (TPU) chips as a “compute-as-a-service” offering, the companies said.

Bloomberg89d agoneutral
Dimon, Solomon to Meet With Mamdani as Mayor Pushes Higher Taxes

(Bloomberg) -- Zohran Mamdani was set to hold individual meetings with Jamie Dimon, chief executive officer at JPMorgan Chase & Co., and Goldman Sachs Group Inc. CEO David Solomon, as New York City’s democratic socialist mayor seeks to build relations with the business community. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran F

SpaceX IPO Will Add Another Musk Stock. It’s a Problem for Tesla
Bloomberg89d agoneutral
SpaceX IPO Will Add Another Musk Stock. It’s a Problem for Tesla

(Bloomberg) -- For years, there was only one way for mom-and-pop investors to buy into Elon Musk’s vision: shares of Tesla Inc. That’s about to change — and it’s a serious risk for Tesla investors. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWinners and Losers From Trump and

British Takeovers Up 250% as Global Buyers Bypass Political Flux
Bloomberg90d agobullish
British Takeovers Up 250% as Global Buyers Bypass Political Flux

(Bloomberg) -- A British dealmaking boom has London’s M&A advisers on track for their best year in more than a decade, standing in contrast to investor fears over the country’s latest political crisis.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpTrump Gets Revenge on Republican Who Vote

Does Blackstone’s New BXDC Data Center REIT Meaningfully Change The Bull Case For Blackstone (BX)?
Simply Wall St.91d agoneutral
Does Blackstone’s New BXDC Data Center REIT Meaningfully Change The Bull Case For Blackstone (BX)?

Earlier this week, Blackstone Digital Infrastructure Trust (BXDC) completed its US$1.75 billion initial public offering at US$20 per share for 87.5 million shares, beginning trading on the NYSE with a mandate to invest in newly built, income-generating data centers leased to investment-grade hyperscale tenants. This new data center REIT reinforces Blackstone’s push into digital infrastructure, aligning its alternative-asset platform with rising enterprise demand for cloud and AI-ready...

This Ice Cream Maker Just Went Public. Now Blackstone Might Want to Take It Private.
Barrons.com92d agoneutral
This Ice Cream Maker Just Went Public. Now Blackstone Might Want to Take It Private.

Blackstone and CD&R are among the private-equity firms in the early stages of exploring bids for the company, Reuters reported, citing two unnamed sources. The resulting speculation lifted shares 11% to $16.66 on Friday, putting them on pace for their highest close since February, according to Dow Jones Market Data. CD&R declined to comment, while Blackstone didn’t immediately respond to a request from Barron’s. A Magnum spokesperson said the company doesn’t comment on “rumors of speculation in the marketplace.”

Investing.com92d agobullish
Magnum Ice Cream shares surge on report of PE buyout interest

Investing.com -- Magnum Ice Cream Nv (NYSE:MICC) shares jumped 10.9% in U.S. premarket trading and 10.5% in European markets on Friday following reports of potential private equity interest. Blackstone and Clayton, Dubilier & Rice are reportedly exploring bids for the owner of the Ben & Jerry's and Cornetto brands. The firms are currently in the early stages of evaluating offers for the recently listed ice cream manufacturer. According to Reuters, citing sources familiar with the matter, both pr

Is It Time To Reassess Blackstone (BX) After This Year’s 22.9% Share Price Decline
Simply Wall St.93d agoneutral
Is It Time To Reassess Blackstone (BX) After This Year’s 22.9% Share Price Decline

This article examines whether Blackstone, trading at around US$122.46, is a bargain or already reflects its investment story, by exploring what the current share price might imply about value. The stock is roughly flat over the last week with a 0.1% move, has fallen 3.1% over the past month and is down 22.9% year to date, while the return over the last 1 year is a decline of 13.5%. The 3 and 5 year returns are 61.5% and 62.9% respectively. These moves come amid a steady flow of headlines...