The world of sports has become a multi-trillion dollar industry and teams continue to change hands at huge valuations. They discuss the sale of the Los Angeles Lakers and the Seattle Seahawks. Bloomberg's Michelle Davis reports on "Bloomberg Deals."
US investment giants including Apollo, Blackstone, BlackRock, and Brookfield are partnering with Nvidia to source $500 billion in financing for artificial intelligence infrastructure. Bloomberg's Michelle Davis reports on "Bloomberg Deals."
Rebecca Homkes, lecturer at the London School of Economics, said that all CEOs are concerned about the state of the consumer, but how just concerned or optimistic they are varies by industry. Homkes described the difference in experience as a continuum of companies that deal in 'dirt,' meaning infrastructure or supply chain, to companies that deal directly with the consumer economy.
Bloomberg's Ashley Carman joins Romaine Bostick on "Bloomberg Deals." Unwell, the media company founded by popular podcast host Alex Cooper, has received an investment from Hollywood super agent Patrick Whitesell that values the firm at $500 million, according to people familiar with the deal.
Bloomberg's Josh Sisco joins Romaine Bostick on "Bloomberg Deals." California Attorney General Rob Bonta called reports that Paramount Skydance plans to leave the state if its top lawyer doesn't settle a lawsuit challenging the company's planned merger with Warner Bros. Discovery "blackmail' in a post on social media Tuesday.
Bloomberg's Matt Monks joins Romaine Bostick on "Bloomberg Deals." Shares of Wendy's jumped to their highest in seven weeks after the Financial Times reported that Nelson Peltz's Trian Fund Management is preparing a bid to take the struggling fast-food chain private.
Kara Nortman, co-founder of Angel City Football Club and managing partner of Monarch Collective, and George Pyne, CEO and founder of Bruin Capital, join Romaine Bostick on "Bloomberg Deals."
Ancora Holdings Group is pushing to acquire H.B. Fuller Co.'s building adhesives unit for as much as $1.2 billion. James Chadwick is the president of Ancora's alternatives arm. He says the activist investor is comfortable with the offer and it would be a "win-win" for shareholders. He speaks on "Bloomberg Deals."
Sweetgreen Inc. CEO Jonathan Neman says the cyclospora outbreak had an impact on the business but the US FDA now says it's safe to eat iceberg lettuce again. He says Sweetgreen's supply chain isn't affected by the cyclospora outbreak and its restaurants don't serve that kind of lettuce. Neman speaks to Bloomberg's Romaine Bostick.
AI is driving enormous early-stage valuations, but Foundation Capital General Partner Joanne Chen says venture investors still need discipline when backing companies before they have products or customers. Chen joins Bloomberg to discuss how the firm identifies exceptional founders and her view that AI will reorganize companies and remove bottlenecks rather than simply eliminate jobs. Chen joins Ed Ludlow on "Bloomberg Tech."
Silicon Data has raised $30.5 million to expand its pricing and performance benchmarks for the rapidly growing AI compute market. CEO Carmen Li joins Bloomberg to discuss the company's ambition to become an "independent referee" for compute, CME's planned GPU futures tied to Silicon Data benchmarks, and what its data says about the value and depreciation of older chips. She joins Ed Ludlow on "Bloomberg Tech."
Christopher Smart, managing partner of Arbroath Group and former special assistant to the President at the National Economic Council under Obama, said that it is a 'weird time' for the US Economy as economic data shows solid numbers, but with weakening growth and geopolitical factors creating uncertainty. Smart said while he's sure the US will need data centers and the investment in AI, he is worried about how making profits on those investments have been pushed further and further down the line.
