It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
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Amid a strong earnings call, Blackstone announced that it is planning to take some of its portfolio companies public.
Blackstone partnered with fellow buyout expert Vista Equity Partners to take workplace software company Smartsheet private for $8.4 billion.
The Wall Street firm said parts of its investment banking and markets divisions will be combined to form a team focused on mega-deals.
In Las Vegas, AI took center stage – and with it, Nvidia.
In a concentrated market, who’s responsible for responsible AI?