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The Latest Breaking News from Blackstone

Blackstone bet on ZO Skin Health, a brand you won’t find at Sephora. Now it could be worth $2 billion

The skincare brand skipped celebrity endorsements and Sephora shelves, building its business inside dermatologists’ offices and med spas.

Fortune

Blackstone came close to giving up on India; now it calls the country its best bet

Blackstone’s early India push struggled to gain traction, but a shift towards control stakes and sectors such as IT services, real estate and manufacturing has since made India its best-performing private equity market globally. President Jon Gray says the country is nearing a “tipping point” for faster growth, though trade…

The Economic Times

World’s top 20 private equity firms produce more greenhouse gases a year than most countries, report finds

Firms manage $7.3tn in assets and could afford to transition away from fossil fuels yet invest in natural gas and coal-fired plants to power datacenters

The Guardian - US

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'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix

The actress built Hello Sunshine after Hollywood told her there were no female-led movies to make. Six years later, she sold it for $900 million.

Fortune

Global Market: Blackstone acquires majority stake in South Korea logistics park

Blackstone has secured a dominant share in Sanha Logistics Park II, located in South Korea. This strategic acquisition reinforces Blackstone's foothold in the East Asian market, with the logistics park slated for completion by 2028. Management of the development and assets will remain under ESR. This initiative enhances Blackstone's logistics…

The Economic Times

IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal

IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blackstone is reportedly in talks with Fairfax for this stake. This potential deal comes as India's financial sector attracts acquisitions. Blackstone previously invested in Federal Bank last year.

The Economic Times

From US to Vietnam: How foreign real estate players are making a big entry into India

International real estate players are actively investing in India's expanding urban landscape. Foreign developers and investors are exploring residential and mixed-use projects. This trend is driven by India's rapid urbanization and rising incomes. Companies are partnering locally to navigate complex market regulations. The nation's property market is becoming a significant…

The Economic Times

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Charter CFO’s move to Blackstone-Google AI venture signals where finance talent is flowing

Fischer's exit after nearly a decade at Charter marks a bet on AI infrastructure over legacy cable.

Fortune

Nvidia CEO Jensen Huang says AI will create 'hundreds of thousands' of new jobs—including for people who want to ‘make things with their hands’

Unlike Bill Gates, the billionaire Nvidia CEO is bullish that AI will create more jobs than it eliminates—and skilled trade professionals stand to benefit.

Fortune

Blackstone-backed Epsilon Bidco may sell 26% stake in EPL in Rs 1,985-crore block deal

Blackstone-backed Epsilon Bidco plans to sell its 26.4% stake in packaging firm EPL Ltd through a block deal valued at approximately Rs 1,985 crore. The shares are offered at Rs 235 each, marking a discount to the current market price.

The Economic Times

Blackstone to sell up to 25% stake worth Rs 11,988 crore in Knowledge Realty Trust

Blackstone plans to sell up to 25.03% of Knowledge Realty Trust units. This offer for sale aims to meet regulatory public unitholding requirements. The sale includes a base offer and an oversubscription option for additional units. The transaction will occur over two trading days on BSE and NSE. Blackstone and…

The Economic Times

Yatharth Hospital shares jump 5% as Aster, Advent likely eye controlling stake

Yatharth Hospital shares jumped over 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake in the hospital chain. Yatharth denied being in any sale discussions, while the stock hit a fresh 52-week high and has gained around 50%…

The Economic Times

A $60 Billion Reason to Buy Broadcom Stock

Broadcom stock gained on news of fresh $60 billion debt talks with Blackstone and Apollo Global Management.

Barchart

Broadcom Could Raise Up to $80 Billion As Anthropic AI Buildout Drives Massive Financing Push

The senior tranche, which would have priority for repayment, is expected to total roughly $45 billion, while a junior tranche could reach about $35 billion.

International Business Times

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Barchart

Broadcom’s Secret Weapon Against Nvidia Isn’t Chips — It’s a Massive Off-Balance-Sheet Financing Machine

Broadcom is building a massive AI financing machine that could unlock chip demand, accelerate revenue, and strengthen its edge in custom silicon—though credit risks remain.

The Economic Times

Broadcom seeks more than $60 billion in latest AI debt deal

The numbers under discussion would potentially bring the total raise to as much as $100 billion, according to the report.

Fortune

AI is becoming a financial engineering business

As large language models become more interchangeable, balance sheets will matter as much as tech breakthroughs in the AI race.

Barchart

David Sacks Says the Biggest Risk to the AI Buildout Isn’t Demand, ‘If You Had Dark GPUs, That’d Be a Disaster for Everyone’

David Sacks proposes an unusual take on the bear case that harkens back to the dotcom bubble.

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The Independent UK

Everything we know about the Greek island helicopter crash that killed British couple

Alexander Cromie and Marie Ebert were on their honeymoon when their helicopter crashed moments before landing

Evening Standard

British couple killed in helicopter crash in Greece during honeymoon

Alex Cromie and his wife Marie Ebert died in a helicopter crash on the Greek island of Sifnos.

The Economic Times

IPO wave: six companies eye nearly Rs 5,600 cr next week

Anticipation is high in the primary market as six firms prepare to launch IPOs this week, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart. With an increase in public issues, these companies aim to secure funds for growth and development. Following several recent market activities, this wave of IPOs…

Barchart

Nvidia Is Turning Its Massive Cash Flow Into Another AI Growth Engine

Nvidia’s latest investments could give the chipmaker an even bigger stake in the infrastructure boom powering artificial intelligence.

International Business Times UK

Cathie Wood's ARK Invest Buys Nvidia Dip, Loads Up on Broadcom; Deere Stake Cut by $37M

Cathie Wood's ARK Invest ramped up its stakes in Nvidia and Broadcom amid the ongoing AI infrastructure expansion, while reducing its position in Deere by $36.8 million.

The Economic Times

Nvidia partners with Wall Street giants to raise $500 billion for AI buildout

Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, ⁠Brookfield, Goldman Sachs and KKR for the financing platforms. Nvidia CEO Jensen Huang said on ‌X that the ⁠company ⁠has the option to backstop up to $125 billion, or 25% of the potential deals.

The Economic Times

Horizon Industrial Parks sets IPO price band at Rs 57-60 for Rs 2,600 crore issue. Check key dates

Horizon Industrial Parks has set the price band for its Rs 2,600-crore IPO at Rs 57-60 per share. The IPO will open on August 17 and close on August 19, with the company planning to use most of the proceeds to repay or prepay debt.

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