Private Equity

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Investors Lament ‘Anti-Foreign’ Litigation Funding Push in US

Federal legislation targeting foreigners who invest in US lawsuits is raising concerns among international financiers.

What the TikTok Deal Means for the App’s Future in US: QuickTake

The yearslong saga over the future of TikTok’s American operations has finally reached a conclusion. The social media platform said on Jan. 23 that its US arm has been bought by a consortium led by Oracle Corp., formalizing the deal outlined by the Trump administration in September.

Egan-Jones Ratings No Longer Recognized by Bermuda Regulator

Egan-Jones Ratings Co. has been removed from the Bermuda Monetary Authority’s list of recognized credit ratings providers, according to recent guidance from the watchdog.

SEC Seeks Fresh Pathway to Advance Stalled Adani Fraud Case

After failing to serve Gautam Adani with a legal summons for more than a year, the US Securities and Exchange Commission wants a judge to clear a way for the agency to advance with its fraud case against the Indian billionaire. Adani Group stocks and bonds fell in India.

BNP Paribas Seeks to Cut 1,200 Jobs on Axa IM Integration

BNP Paribas SA is seeking to eliminate about 1,200 positions as it completes the integration of Axa Investment Managers.

Google Invests in Sakana AI to Boost Gemini’s Presence in Japan

Google joined Japanese startup Sakana AI’s roster of backers in a move that bolsters chatbot Gemini’s presence in a country eager to speed up artificial intelligence adoption.

Crypto Social Platform To Repay $180 Million to Venture Backers

The software firm behind a crypto-oriented social-media platform plans to repay venture capitalists the $180 million they had invested in the project, underscoring a period of consolidation for one of the more ambitious corners of the blockchain market.