Dealmaking

PE HUB First Read

First Read ends the week with news that Facebook CEO and various companies plan to raise $500 mln to build affordable housing in San Francisco area, Intel shares drop after a rare revenue miss and Cerberus doubles down on German banks.

PE HUB Second Opinion

In Second Opinion, BP invests in Chinese electric vehicle charging platform PowerShare, Facebook is shutting down photo-sharing app Moments and Commerce Secretary Ross said there's no "good excuse" for furloughed workers to run out of cash.

Rise of rest continues in 2018, but VC hubs seize the big dollars

'Strong allegiance' helps Colony win race for Abraaj LatAm business

Colony’s purchase of the Latin America unit has been at least six months in the making.

CrediFi adds to Series B, prepares to raise more funding later this year

PE HUB First Read

First Read starts the day with news that blank-check company IPOs are moving ahead despite the shutdown, Oracles blasts a racial discrimination lawsuit as "meritless," and Citadel founder Ken Griffin closes on NY penthouse for roughly $238 mln, the highest amount ever paid for a home in U.S.

PE HUB Second Opinion

In Second Opinion, Bill Thompson is re-joining Pimco as chairman emeritus, Verizon Media Group is laying off seven percent of its staff and China will overtake the U.S. as the world's largest retail market this year.

Space investments decline in 2018 to nearly $3 bln

Ex-Endeavor Capital CEO buys Repay for ~15x Ebitda

PE HUB First Read

First Read ushers in the day with news that the Supreme Court revives its transgender ban on military service, IBM stock jumps after beating its earnings estimate, and Arconic calls off its $10.6 billion sale to Apollo Global Management.