Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.
Category: Mergers, Acquisitions and Divestitures
How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”
After a short seller targeted Icahn Enterprises, the activist investor made changes. At 87, he insists he’s not going anywhere and will refocus on rattling company cages.
Court Ruling Clears Path for Microsoft to Buy Activision
Microsoft could now complete its purchase of the video game giant as soon as this month, but it is still blocked from closing in Britain.
JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
A young founder promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Amazon Agrees to Change Some Business Practices in EU Settlement
The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.