Business
AI’s Trillion-Dollar Price Tags Meet a Market That Blinked
A month ago the debate over the two leading AI labs was whether they were worth $1.5 trillion or $2 trillion. This week the debate moved lower. OpenAI\u2026
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Business
OpenAI Raises $11 Billion at a $1.25 Trillion Valuation
OpenAI closed on $11 billion of new funding, the first piece of a round that values the artificial-intelligence company at $1.25 trillion, according to people familiar with the\u2026
Business
Blackstone Lends $310 Million on Nashville’s Peabody Union Tower
A joint venture of PGIM, Stiles Corp. and Hensler Development refinanced Peabody Union, a new mixed-use tower in downtown Nashville, Tenn., with a $310 million bridge loan from\u2026
Business
TKO Prices $1 Billion of Secured Notes to Help Fund Buybacks
TKO Group Holdings Inc., the owner of UFC and WWE, priced $1 billion of five-year senior secured notes, borrowing in the bond market with proceeds that can go\u2026
Business
Energy Transfer Prices $2.7 Billion of Notes in Three Parts
Energy Transfer LP priced $2.7 billion of senior notes split evenly across three maturities, using the investment-grade market to term out short-term borrowings as pipeline operators keep spending\u2026
Business
Anthropic IPO Buyers Weigh $1.1 Trillion to $1.3 Trillion Value
Prospective investors in Anthropic’s initial public offering are lowering the price they are willing to pay, discussing a valuation of roughly $1.2 trillion to $1.3 trillion and in\u2026
Business
Fox Completes $22 Billion Roku Takeover Months Ahead of Plan
Fox Corp. completed its roughly $22 billion acquisition of Roku Inc. on Friday, closing the cash-and-stock deal well ahead of the 2027 timetable many investors had expected and\u2026
Business
SoftBank, ABB Weigh China Carve-Out After Beijing Blocks Deal
SoftBank Group Corp. and ABB Ltd. are weighing whether to separate the Chinese operations of ABB’s robotics business from SoftBank’s planned $5.4 billion purchase after Beijing blocked the\u2026
Business
DTE Energy to Sell DTE Vantage to J.P. Morgan-Advised Funds
DTE Energy Co. agreed to sell DTE Vantage, its non-utility energy-projects business, to investors advised by J.P. Morgan Asset Management for about $2.97 billion in cash, as the\u2026
Business
Adani Ports to Buy European Tank Operator Evos for €2.56 Billion
Adani Ports and Special Economic Zone Ltd. agreed to buy Evos B.V., a Netherlands-based operator of fuel and chemical storage terminals, from Igneo Infrastructure Partners in an all-cash\u2026
Business
Zipline Raises $1.5 Billion at $21.5 Billion Valuation
Zipline International Inc. raised $1.5 billion at a $21.5 billion post-money valuation, betting that retail and ride-hailing partners will turn drone delivery from a pilot project into a\u2026
Business
SS&C Prices $1.05 Billion Convertible Notes in Refinancing
SS&C Technologies Holdings Inc. priced an upsized $1.05 billion convertible note offering as the centerpiece of a broader refinancing that will retire $2 billion of higher-coupon bonds and\u2026