Investment giant Apollo Global Management is backing Sony Music Group to the tune of $700 million to help the company fund music acquisitions, it was announced Friday (July 26). The deal could provide the financial assistance needed for Sony’s planned acquisition of Queen‘s recording and music publishing catalogs. Sources have told Billboard the band is
The Employees’ Retirement System of Jersey City plans to allocate a small percentage of its portfolio to a Bitcoin ETF, Jersey City Mayor Steven Fulop said Thursday in a post on the social media platform X. “The question on whether Crypto/bitcoin is here to stay is largely over,” Fulop wrote. “The Jersey City pension
HELENA, Mont. – Governor Greg Gianforte yesterday announced the State of Montana received a nearly $50 million investment in Montana’s working and natural lands from the U.S. Environmental Protection Agency (EPA). Montana is one of just 25 recipients across the nation to be awarded funding. “We’re known in Montana for our innovative spirit and our
Another lawsuit was filed in Sonoma County Superior Court on Tuesday against Ken Mattson, Tim LeFever and a long list of their investment partnerships. It’s the fifth such civil suit filed against the duo as their business empire frays and crumbles — not counting the pair of cases they filed against one another. The plaintiffs
Elon Musk at the Milken Institute’s Global Conference at the Beverly Hilton Hotel on May 6, 2024 in Beverly Hills, California.Photo: Apu Gomes (Getty Images) After announcing that supercluster training has started at his “gigafactory of compute,” Elon Musk is asking if his artificial intelligence startup should get an investment from one of this other
A deal announced yesterday is another example of the vigorous M&A activity that has been a feature of the North American wealth management sector. Private credit specialist Crestline Investors has made a strategic investment in Indiana-headquartered Credent Wealth Management, a $2.6 billion RIA. The move continues a trend of investment houses buying stakes in
The Russian Federal Fisheries Agency (Rosrybolovstvo) is trying again to sell investment crab quotas in an auction after its first auction failed to attract any interest. Russia began to announce the results of a new round of crab quota auctions in October 2023, granting rights to fish several crab species in multiple subzones in Russia.
BetMGM, a joint venture between MGM Resorts and Entain, has been making waves in the online betting industry. According to this BetMGM sportsbook review, it’s one of the best operators on the market. This reputation is further bolstered by substantial new funding from Entain, which aims to solidify BetMGM’s market position further and drive its
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore sovereign wealth fund GIC’s main gauge of investment return posted its weakest growth in four years, and said high interest rates, China economic difficulties and geopolitical tension would keep the investment environment challenging. GIC on Wednesday posted a 3.9% rise in 20-year annualised real return,
Listen to this article A Waymo robotaxi driving on a highway in Phoenix. | Credit: Waymo Alphabet CFO Ruth Porat said the company is committing to a multi-year investment of up to $5 billion to Waymo during its Q224 earnings call Tuesday. Despite facing struggles last year, GM also invested $850 million more into its