The U.S. Department of Justice has been granted 10 minutes to deliver “oral arguments” this Friday at an appeals hearing for a case between Fortnite-maker Epic Games and Apple, according to a report from TechCrunch. The DOJ reportedly will not take a side in the case, but instead it will describe why the legal framework used to previously decide the case is flawed. It will be the first sign of...
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Private Equity Firms’ Secret Weapon for Big Software Buyouts
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financing—one that has been making its way into more and more multibillion dollar...
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