Browsing Tag
BlackRock
60 posts
Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
Envestnet to acquire Vestmark as wealth technology platform expands trading capabilities
Envestnet has agreed to acquire Vestmark, bringing institutional trading, tax-transition and portfolio-management technology into a platform associated with roughly $8 trillion of assets, although overlapping customers mean the asset figures cannot simply be added together.
NVIDIA forecasts first $100bn quarter as Data Center revenue surges 117%
NVIDIA Q2 revenue doubled to $96.2B as Data Center sales hit $89B and Q3 guidance reached a record $108B.
Equinor to pay $940m for Lackawanna as Appalachian gas strategy moves into PJM power
Equinor is paying $940 million for preferential economic rights in Pennsylvania’s 1,483MW Lackawanna Energy Center, adding gas-fired generation beside a 1.7 Bcf/d Appalachian gas position as PJM prepares for sharply higher electricity demand.
Inside the BofA and Jio Credit deal: Equity, warrants and the road to closing
Bank of America's $1.9 billion, up to 49.9% Jio Credit stake implies a $3.8 billion NBFC valuation and extends foreign capital's Indian lender push.
Circle Internet Group company profile: How USDC became a $73bn stablecoin business and what Arc changes next
Circle Internet Group, Inc. has built USDC into one of the world’s largest regulated dollar stablecoins, generating hundreds of millions of dollars each quarter from the reserves backing it. But falling reserve yields, substantial distribution costs and a volatile CRCL valuation mean the next phase depends increasingly on Arc, Circle Payments Network, tokenized assets and new fee-generating infrastructure.
Meta’s $279bn AI lease obligations turn data centres into a balance-sheet test
Meta’s $279 billion future AI lease obligations expose the financial risk behind its data centre expansion as free cash flow falls to $784 million.
IonQ closes $1.8bn SkyWater deal after FTC splits 1-1 on quantum conditions
IonQ closed the $1.8bn SkyWater buy after a 1-1 FTC split, gaining a Pentagon-accredited US foundry ahead of an Aug 5 earnings call that now matters more.
Meta Q2 2026: Revenue jumps 28% to $60.8bn but margins slide on AI costs
Meta Q2 revenue surges 28% to $60.8B and ad prices climb 12%, but operating margin falls to 31% as record capex and a $2.4B legal charge weigh on EPS.
Neuphoria Therapeutics shares jumped while Scancell plunged, and the merger terms explain why
Scancell’s Neuphoria Therapeutics merger unlocks Nasdaq access and up to $89 million, but dilution and debt reshape the iSCIB1+ outlook.