Hornets to Evaluate Brandon Miller Groin Injury Over Weekend
CHARLOTTE, N.C. — The Charlotte Hornets expect to know more Monday about forward Brandon Miller, who hurt his right groin in the second quarter Friday night and sat out the rest of a 119-80 home rout by the Boston Celtics. Coach Charles Lee said after the game that he noticed Miller begin to limp a
New Orleans Approves Tax Deal for $625 Million Omni Hotel
The New Orleans City Council approved a 45-year tax arrangement on Thursday for the planned Omni New Orleans, one of the last local steps for a $625 million convention headquarters hotel across from the Ernest N. Morial Convention Center. Rather than paying a conventional property-tax bill, the Dallas-based developers would make yearly payments in lieu […]
Fox Draws $10.4 Billion of Loans to Close Its Roku Purchase
Fox Corp. borrowed $10.4 billion on Friday as it completed its roughly $22 billion purchase of Roku Inc., drawing $2 billion under an amended term loan and $8.4 billion under a new bridge facility to cover part of the cash it owed Roku holders. An 8-K filed with the Securities and Exchange Commission shows Fox […]
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 closed $11 billion at a $1.25 trillion valuation, below the price it first sought and far short of the $30 billion it once hoped to raise. Anthropic’s […]
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 Blackstone’s real-estate debt business. Blackstone Real Estate Debt Strategies provided the loan, which has a three-year term and two one-year extension options. A JLL Capital Markets team […]
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 toward buying back its own stock. The 6.500% notes due 2031 were issued by subsidiary TKO Worldwide Holdings LLC. The offering is expected to close on or […]
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 on gas and liquids networks. The Dallas partnership sold $900 million of 5.450% notes due 2032 at 99.972% of face value, $900 million of 5.900% notes due […]
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 some cases as little as $1.1 trillion, according to people familiar with the deliberations, after a steep selloff in technology stocks. The range marks a sharp retreat […]
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 giving the broadcaster control of a streaming platform used in more than 100 million households. Fox agreed in June to pay $160 a share for Roku, about […]
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 transaction, according to people familiar with the discussions. SoftBank said Friday that on Nov. 4 it received notice from China’s Office of the Working Mechanism for Foreign […]