Private Equity

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Bezos Family Anchors Robin Hood Endowment With $100 Million Gift

The Robin Hood Foundation said it’s well on its way to reaching its $1 billion goal for a permanent endowment, with a $100 million anchor gift from the Bezos family.

By Amanda Gordon

AT&T Gets FCC Approval to Acquire EchoStar Spectrum Licenses

AT&T Mobility II, a subsidiary of AT&T, received the FCC’s approval to acquire EchoStar’s 600 MHz and 3.45 GHz spectrum licenses.

Mamdani Scraps Property Tax Hike, Counts Second-Home Revenue

New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers’ property taxes — an unpopular measure he threatened to use to help close a two-year deficit.

Blackstone Lays Groundwork for Third Long-Term Buyout Fund

Blackstone Inc. has begun preparing to raise money for the third iteration of its private equity fund that holds assets for longer than its typical investments.

Goldman Says Bank’s ‘Human Assembly Lines’ Face Automation

Goldman Sachs Group Inc.’s use of artificial intelligence is helping the bank scale up without requiring much more hiring, according to President and Chief Operating Officer John Waldron.

Matt Levine’s Money Stuff: EBay Won’t Play With GameStop

Matt Levine discusses the issues with GameStop’s bid to buy eBay, futures for computing power, Buzzfeed and Byron Allen, transfer restrictions on private shares and forward contracts, and what if AI takes over the ‘looking busy’ part of work.

ServiceNow US Bond Sale Draws $38 Billion of Investor Demand

ServiceNow Inc. attracted strong investor demand for its first US dollar bond sale since 2020, defying concerns about artificial intelligence disruption.

AI Boom Shows Top US Grid ‘Too Big to Function,’ Regulator Says

The chairman of the top US energy regulator has put America’s biggest power grid on notice, warning that its operator may be too big to function adequately amid the AI data center boom.

Akin Employs Four Sidley Private Equity Partners in NY, London

Gerald Brant, Jeffrey Kochian, Brittany Harrison and Jonathon Hamill joined Akin as partners in its private equity practice in New York and London, the firm announced Tuesday.

Proskauer Brings On Private Funds Partner Frankel in New York

Josh Frankel joined Proskauer as a partner in its Private Funds Group and Secondary Transactions and Liquidity Solutions practice in New York, the firm announced Tuesday.