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Bloomberg

Autodesk CEO Says MaintainX Acquisition Presents Exciting Opportunity

Autodesk President and CEO Andrew Anagnost details the company's $3.6 billion acquisition of MaintainX, emphasizing that the deal represents a strategic move to extend Autodesk's offerings from design and manufacturing into the operational phase of the built environment lifecycle. He speaks with Matt Miller on "Bloomberg Open Interest."

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Bloomberg

Tilman Fertitta's Years-Long Pursuit of Caesars Is Paying Off

Real estate mogul Tilman Fertitta's years-long quest to buy Caesars Entertainment Inc. is finally paying off: His firm struck a $5.7 billion, all-cash deal for the Las Vegas company on Thursday that will add some 52 casinos in the US to his entertainment empire. Fertitta's pursuit of Caesars dates as far back as 2018, when the owner of the Golden Nugget casinos approached the company about a possible merger. Fertitta had borrowed heavily to buy the Houston Rockets basketball team for $2.2 billion, and the potential merger was seen at the time as a means of folding his debt into a larger company.  Fertitta eventually built a stake in Caesars, signaling his continued interest in a tie-up. As part of the takeover announced on Thursday, Fertitta Entertainment Inc. is paying Caesars shareholders $31 a share in cash. We get reaction from Jody Lurie, Senior Credit Analyst for Bloomberg Intelligence.

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Bloomberg

Estee Lauder-Puig Talks Collapse

The proposed multibillion-dollar tie-up between Puig and Estee Lauder fell apart due to makeup artist Charlotte Tilbury's demands regarding her compensation in the deal, according to people familiar with the matter. The news caught investors by surprise given discussions between the two had been progressing since March. Bloomberg Opinion's Andrea Felsted has more. Her opinions are her own.

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Bloomberg

Moelis CEO: Starting To See Return To Normal In Mideast

Navid Mahmoodzadegan, who stepped into the chief executive role at Moelis last October, has described a "return to normal" in the Middle East following months of the Iran War. The global investment bank has been a key player in the region with a history of advising Gulf transactions including the Aramco IPO. Mahmoodzadegan, also the company's co-founder, told Bloomberg's Francine Lacqua that the company is committed to the Middle East over the long-term.

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