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Exclusive-CD&R, GTCR drop pursuit of Global Payments, sources say NEW YORK/LONDON, Nov 12 : Private equity firms CD&R and GTCR have dropped their pursuit of Global Payments, according to two people familiar with the matter. The buyout consortium walked away from talks to acquire the payments processor after exploring a potential deal over the past several weeks, the people said. The talks, which were in early stages, did not advance given the complexities of arranging a take-private of this...
Here's what Colette Kress and Harvey Jones wrote to Nvidia employees
On the heels of founder Jensen Huang's resignation as CEO of Nvidia, new interim CEO Colette Kress and board chair Harvey Jones sent emails to employees Thursday expressing gratitude and optimism for the future. CNBC obtained copies of the emails from a source familiar with the matter, who said Jones sent the first email and Kress replied shortly after. "The Board, Estaff and I recognize that this has been an extraordinarily difficult period and I want you to know how grateful we are for...
Trump’s Russia Diesel Deal Struggles to Find Willing US Buyer
EXCLUSIVE Energy Trump’s Russia Diesel Deal Struggles to Find Willing US Buyer An accord brokered by President Donald Trump to sell Russian diesel to the US appears to have failed to clear a key hurdle: finding a willing customer. Trump announced the deal with President Vladimir Putin in October to supply roughly 36 million barrels of the fuel to the US and other buyers, part of a broader effort to lower energy prices that have rallied largely because of the Iran war.
Jensen Huang's Nvidia exit casts shadow over Wall Street’s $500 billion AI financing bet
Leadership change at Nvidia has the potential to threaten financing of the artificial intelligence boom and test Jensen Huang's $500 billion vision to turn AI chips into tradable debt securities. The Nvidia CEO's resignation was announced Thursday following revelations that he had two extramarital affairs — one with an employee and the other with a woman believed by U.S. intelligence to be a Chinese spy. Shares in the tech giant — which has become central to the AI build-out in recent years...