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straitstimes.com 11 hours, 16 minutes ago

China State Fund Shouldn't Bite Into Fried Chicken, Pizza, Companies & Markets News & Top Stories - The Straits Times

August 16, 2018 5:00 AMPeteHONG KONG * Beijing's sovereign wealth fund could do without the fried chicken. : China Investment Corporation (CIC) may join a bid to take private Yum China Holdings, the US$14 billion (S$19.3 billion) operator of KFC, Pizza Hut and Taco Bell outlets in China, Bloomberg has reported. According to the report on Tuesday, CIC and DCP Capital, the investment firm run by former KKR & Co senior executives, are part of a consortium considering a buyout of New York-listed Yum China.
Read by 76% of LPs

businessinsider.com 13 hours, 46 minutes ago

Tesla Take-private Deal: How The Saudis Could Fund Deal

Tesla CEO Elon Musk has indicated that the Saudi sovereign wealth fund could fund a go-private plan. It's unclear whether what's formally known as the Public Investment Fund has the resources to take Tesla private. But the PIF's goal is to diversify the kingdom's investments away from oil. As the debate over whether Tesla CEO Elon Musk's go-private plan for Tesla rages on, it's worth it to take a closer look at the investor he suggested in his now infamous "funding secured" tweet and subsequent blog post would be his key partner in a delisting.
Read by 45% of LPs

pehub.com 16 hours, 16 minutes ago

Littlebits Buys Diy

littleBits has acquired DIY Co. Financial terms weren't announced. DIY, of San Francisco, provides a free, kid-only online learning community. DIY investors include Kleiner, Perkins, Caufield & Byers, Founder C [...]
Read by 57% of LPs

pehub.com 20 hours, 46 minutes ago

Canson Capital Raises $100M To Invest Alongside Blackstone: Financial Times

Canson Capital Partners, the boutique firm that advised Blackstone in its Thomson Reuters deal, has raised $100 million to co-invest alongside the PE group, the Financial Times said. Canson raised the fund, which [...]
Read by 54% of LPs

nytimes.com 22 hours, 16 minutes ago

Tesla Directors Do Damage Control After Elon Musk Tweets - The New York Times

Members of Tesla's board are scrambling to control a chief executive who some directors think is...: Members of Tesla's board are scrambling to control a chief executive who some directors think is out of control. Elon Musk, the electric-car maker's co-founder and chief executive, stirred up a public storm by announcing on Twitter last week that he wanted to turn Tesla into a private company. In recent days, according to people familiar with the matter, some of his fellow board members delivered a stern message: Stop tweeting. Mr. Musk hasn't heeded that advice.
Read by 34% of LPs

reuters.com August 14, 2018

Musk Bid For Tesla: No Formal Offer, No Firm Deals With Advisers

* Shares lower in late trading (Rewrites, updates Tesla share price): (Reuters) - Tesla Inc's (TSLA.O) board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
Read by 37% of LPs

in.reuters.com August 14, 2018

Musk Bid For Tesla: No Formal Offer, No Firm Deals With Advisers

Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
Read by 77% of LPs

reuters.com August 14, 2018

Musk Bid For Tesla: No Formal Offer, No Firm Deals With Advisers

Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
Read by 35% of LPs

bloomberg.com August 14, 2018

Goldman Sachs Had No Mandate When Musk Tweeted

Goldman Sachs Group Inc. hadn't been formally tapped as a financial adviser by Tesla Inc.'s chief executive officer when Musk revealed plans last week to take the automaker private and said he'd secured the funding for the transaction, according to people with knowledge of the matter. The bank still hadn't officially signed on when Musk said on Twitter late Monday that he's working with Goldman Sachs and private-equity firm Silver Lake as financial advisers, the people said. Such a statement from a public company CEO typically signals a formal agreement.
Read by 33% of LPs

autonews.com August 14, 2018

Elon Musk Taps Goldman Sachs, Silver Lake To Advise On Tesla Plan

Elon Musk continued to drip feed details of his plan to take Tesla private. : Elon Musk continued to drip feed details of his plan to take Tesla Inc. private, saying late Monday that he's getting advice from Goldman Sachs Group Inc. and private-equity firm Silver Lake. In a tweet late Monday California time, the electric car maker's CEO said he's also lined up legal advisers for the possible transaction. A Tesla spokesman said Musk's tweet refers to his own advisers and attorneys. Tesla board members didn't immediately respond to requests for comment.
Read by 63% of LPs