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Meta’s $29 billion deal marks pivotal moment for private credit
Wealth Management

Meta’s $29 billion deal marks pivotal moment for private credit

(Bloomberg) -- The heavy hitters of private credit have been waiting for this moment for years.Most Read from BloombergAll Hail the Humble Speed HumpThree Deaths Reported as NYC Legionnaires’ Outbreak SpreadsMayor Asked to Explain $1.4 Billion of Wasted Johannesburg FundsMajor Istanbul Projects Are Stalling as City Leaders Sit in JailChicago Schools’ Bond Penalty Widens as $734 Million Gap LoomsMajor lenders, which often cater to companies with dented credit, talk endlessly about the opportuniti

Aug 08, 2025 Yahoo External Link
Meta Picks Pimco, Blue Owl for $29B Data Center Deal
Investment Strategy

Meta Picks Pimco, Blue Owl for $29B Data Center Deal

Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana as the race for artificial intelligence infrastructure heats up, according to people with knowledge of the matter. Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity, said the people, who asked not to be identified because the discussions are private. The debt portion is likely to be issued in the form of investment-grade bonds backed by the data center's assets, they said. Mark Mahaney, senior managing director and head of internet research at Evercore ISI says Meta is reaccelerating their revenue growth using AI.

Aug 08, 2025 Yahoo External Link
Meta, Robby Starbuck Settle AI Defamation Lawsuit
Stock Market

Meta, Robby Starbuck Settle AI Defamation Lawsuit

Meta Platforms has settled a defamation lawsuit with conservative activist Robby Starbuck, who alleged the company’s artificial intelligence chatbot falsely asserted he participated in the Jan. 6, 2021, riot at the U.S. Capitol. Under the settlement, Starbuck will advise Meta, the owner of Facebook, on efforts to curb what they describe as political bias in its AI tools. “Since engaging on these important issues with Robby, Meta has made tremendous strides to improve the accuracy of Meta AI and mitigate ideological and political bias,” Meta and Starbuck said in a statement.

Aug 08, 2025 Yahoo External Link
Constellation Energy (CEG) Completes Buyback as Earnings Show Mixed Results
Stock Market

Constellation Energy (CEG) Completes Buyback as Earnings Show Mixed Results

Constellation Energy (CEG) reported a 24% price increase over the last quarter, reflecting robust market activity. The company's second-quarter results, with a rise in sales from USD 5,475 million to USD 6,101 million and a slight net income increase to USD 839 million, likely provided positive momentum. Simultaneously, the firm's share buyback initiative, amounting to $400 million, generally supports shareholder value. Additionally, the regulatory approval for acquiring Calpine and securing...

Aug 08, 2025 Yahoo External Link
Netflix's $6 Billion UK Spend Pays Off With Strong Growth, Membership Gains
Economic Outlook

Netflix's $6 Billion UK Spend Pays Off With Strong Growth, Membership Gains

Netflix (NASDAQ:NFLX) stock traded higher on Friday, backed by investor optimism over its U.K. financial arm’s results and FIFA Women’s World Cup deal win. The streaming giant’s U.K. unit grew revenue 11% in 2024 to 1.85 billion pounds ($2.48 billion) as it expanded in the market, according to its Companies House filing on Thursday. A Netflix spokesperson told Variety that it has contributed significantly to the U.K. economy over the past four years by investing $6 billion, employing more than 5

Aug 08, 2025 Yahoo External Link

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