Thursday, 25 December 2014
Last updated 1 day ago
Jun 16 2008 | 2:00am ET
An investor group including a pair of alternative investment heavyweights is a step closer to owning the Weather Channel.
The group, which is led by NBC Universal and includes the Blackstone Group and Bain Capital, is the only remaining bidder for the iconic television network after Time Warner withdrew its offer. Time Warner’s exit came as it refused to increase its bid by the deadline Friday.
The Blackstone-Bain group has reportedly offered $3.5 billion for the Weather Channel, including about $600 million in debt to be provided by hedge fund GSO Capital, which Blackstone acquired in January.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.