SoftBank up $4bn on founder’s aggressive US stock options bet

SoftBank up $4bn on founder’s aggressive US stock options bet

SoftBank is sitting on trading gains of about $4bn after founder Masayoshi Son drove aggressive bets on equity derivatives that helped propel the US stock market to record highs, said people with direct knowledge of the matter. The high-risk strategy has been built up...
Private Equity Faces Uphill Battle in Italy Soccer Deal Pursuit

Private Equity Faces Uphill Battle in Italy Soccer Deal Pursuit

Italy’s divided soccer league is set to meet this week to debate whether private equity has the answer to its woes. The top suitor, a group backed by Advent International Corp. and CVC Capital Partners, is increasingly concerned it hasn’t won enough support from Serie...
11 big things: Inside Blackstone’s big summer

11 big things: Inside Blackstone’s big summer

In the 35 years since its founding, Blackstone has transformed from a boutique advisory firm into a globe-spanning financial colossus, one that currently manages more than $560 billion in assets across a dozen distinct strategies. One could use many different figures...