Private Equity

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Paramount’s Bid for Warner Bros. Features Obscure Abu Dhabi Firm

Paramount Skydance Corp.’s hostile bid for Warner Bros. Discovery Inc. is being bankrolled by a list of influential Middle Eastern investors, including Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. Joining them is an Abu Dhabi group that few even in the region have heard of: L’imad Holding Co.

By Ben Scent and Adveith Nair

Shipping Dynasties, Royalty Back Modern Sails to Cut Fuel Use

Asian and Norwegian shipping dynasties are among investors offering support for modern-day sail technology that claims to have potential to slash the amount of fuel needed by vessels.

Private Credit Hit Deployment Record Last Year, ACC Report Says

The amount of capital that private credit firms have deployed reached a record last year, according to a new report from the Alternative Credit Council, with the larger players like Ares Management Corp., Apollo Global Management Inc. and Blackstone Inc. playing an increasingly dominant role.

BHP Sells Pilbara Power Stake to BlackRock Unit for $2 Billion

BHP Group is selling a $2 billion stake in the power network that supplies its vast iron ore operations in the Pilbara region of Western Australia, as it seeks to channel funds into priority areas such as copper.

RBA’s Bullock Rules Out Further Rate Cuts, Sends Yields Soaring

Australia’s central bank Governor Michele Bullock called an end to a truncated easing cycle as policymakers gauge whether a pickup in inflation requires an extended interest-rate pause or a switch to tightening.

When Banks Need Capital, Synthetic Isn’t Good Enough: Editorial

The world’s banks are facing a big challenge: If more indebted companies follow auto dealer Tricolor Holdings and parts supplier First Brands Group into bankruptcy, lenders will need to be strong enough to survive the losses without damaging the broader economy.