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The Latest Breaking News from General Atlantic

Trump’s biggest donors in 2025 were AI CEOs, a TikTok board member and relatives of criminals, report says

More than a dozen wealthy donors gave at least $1 million to the Trump-affiliated super PAC, MAGA Inc

The Independent UK

Term Sheet Next: Erica Wenger on elephants, branding in VC, and her first fund

In our latest Term Sheet Next, Erica Wenger’s Park Rangers Capital has raised its debut $4.3 million fund.

Fortune

TikTok Drama Isn't Just About Security—It's About Control Too: What To Know

Is TikTok a national security threat, or an opportunity for the U.S. government to cash in?

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

'It's a Massive Red Flag': Possible Reasons Why Blackstone Allegedly Walked Away From TikTok Deal

Blackstone's reported exit from the TikTok deal highlights major red flags—geopolitical risks, vetting hurdles, and shifting US-China dynamics.

International Business Times UK

iPhones With Tiktok Sell For Up To £20K On eBay As App Remains Absent In US App Store

iPhones with TikTok installed are fetching exorbitant prices on eBay, with some listings exceeding £20,000.

International Business Times UK

Duolingo backer in £802m raid on London-listed training company

US private equity firm General Atlantic swoops on Learning Technologies Group as exodus from London stock exchange continues

The Guardian - UK

Gen Z loves sobriety so much that America's biggest non-alcoholic beer brand just doubled its valuation to $800 million

Athletic Brewing, founded in 2018, topped $90 million in sales last year.

Fortune

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The congressman investigating four VC firms with ties to China has a message: This is just the beginning

In an interview with Term Sheet, Representative Mike Gallagher said that these letters to venture capital firms were just the beginning of the Committee’s investigation.

Fortune

General Atlantic to deploy up to $1 billion a year in India

NEW YORK: Growth-equity investor General Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses built around Prime Minister Narendra Modi’s push to expand financial inclusion and increase technology usage.

The Times of India

Is the mega-round back?

Despite a challenging private market, more than 25 startups have recently announced nine-figure fundraises.

Fortune

The week that killed Silicon Valley Bank

Early in the week of Feb. 27, SVB got some worrisome news.

Axios

Regulators shut down SBV after bank run

How can a bank run happen in 2023? Why didn’t anyone step in to save SVB? And who is at risk now?

Fortune

India lends support to Ajay Banga's nomination for World Bank President post

NEW DELHI: India on Thursday extended support to the candidature of Ajay Banga as World Bank President, saying his nomination comes at a time when the multilateral lending agency is considering next-generation reforms.

The Times of India

70% of dealmakers say that investment managers share culpability for FTX

Investors have historically been made out to be victims in court when a startup implodes. But investors think VC firms share some responsibility.

Fortune

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Fortune

Ajay Banga’s World Bank appointment shows that financial CEOs aren’t toxic anymore

The nomination of the former Mastercard CEO shows how Wall Street has lost its status as America’s biggest corporate villain.

The Guardian - UK

Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank

US president puts forward choice to oversee new focus on climate crisis after resignation of Trump appointee David Malpass

Fortune

IPO outlook: After a boom and bust in recent years, 2023 may be the year unicorns Stripe, Chime, and Instacart list shares

The IPO pipeline closed in 2022, but there’s reason to believe that it may reopen as 2023 gets underway.

Reuters

General Atlantic plans $2 billion investment in India, Southeast Asia

Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region's startups more attractive, a senior executive told Reuters.

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Benzinga

Centene Offloads Two Pharmacy Businesses For $2.8B

Centene Corporation (NYSE:CNC) has agreed to sell Magellan Rx to Prime Therapeutics LLC and PANTHERx Rare to a consortium of The Vistria Group, General Atlantic, and Nautic Partners. Centene expects to receive approximately $2.8 billion in aggregate proceeds from the transactions. Magellan Rx is a comprehensive pharmacy solutions organization with specialty drug management, Medicaid administration, and comprehensive pharmacy…

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