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Tencent Could Offload Some of its Massive Investment Portfolio

Tencent could sell off some of its massive investment portfolio, which includes minority takes in KE Holdings, Meituan and Didi Global, the Wall Street Journal reported. The newspaper said the possible sales were driven partly by a desire to invest elsewhere including videogames and healthcare. They also could be used for share buybacks to butress them against a selloff from Prosus NV, it’s...

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Private Equity Firms’ Secret Weapon for Big Software Buyouts
Orlando Bravo, co-founder of Thoma Bravo LLC. Photo by Bloomberg.
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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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
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Bill Gurley in 2019. Photo by Bloomberg
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Block chairman and co founder Jack Dorsey. Photo by Getty
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