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Blackstone Profit Down 58% as Investment Fees Drop Despite Fundraising Prowess

Blackstone Profit Down 58% as Investment Fees Drop Despite Fundraising Prowess

The biggest U.S. private-equity firm says second-quarter net income tumbles 58% to $647 million, as investment income slid. CEO Stephen Schwarzman touted the company's success in luring new money from big investors, including public-pension funds.

Madame Tussauds Owner Merlin to Be Bought by Lego Family, CPPIB, Blackstone

Madame Tussauds Owner Merlin to Be Bought by Lego Family, CPPIB, Blackstone

Madame Tussauds owner Merlin Entertainments agrees to be acquired by a consortium that includes the founding family of Lego, private-equity firm Blackstone Group and the Canadian Pension Plan Investment Board.

Tencent-Backed WeDoctor Scraps International Listing for Shanghai

Tencent-Backed WeDoctor Scraps International Listing for Shanghai

The healthcare app creator reportedly shelves a Hong Kong listing in favor of "China's Nasdaq" due to data privacy and transparency concerns.

NCR Slides as Hunt for a Buyer Continues

NCR Slides as Hunt for a Buyer Continues

Shares of ATM-maker NCR slide following a report that says the company is having trouble attracting a bidder after two private-equity firms said no to making an offer.

Tilray Soars After Cutting Deal With Majority Shareholder to Release Stock

Tilray Soars After Cutting Deal With Majority Shareholder to Release Stock

Canadian pot producer Tilray announces a deal with majority shareholder Privateer Holdings to gradually sell the private equity firm's remaining stake in it.

Shutterfly Stock Snaps Higher on Reported Apollo Bid

Shutterfly Stock Snaps Higher on Reported Apollo Bid

Shares of Shutterfly surge on a report that private equity firm Apollo Global Management is in the lead to acquire the digital imaging company.

Blackstone Strikes $18.7B Deal With GLP for E-Commerce Logistics Assets

Blackstone Strikes $18.7B Deal With GLP for E-Commerce Logistics Assets

Private-equity giant Blackstone is buying the U.S. e-commerce logistics assets of three funds managed by Singapore's GLPfor $18.7 billion in a move seen as a big nod to the future of online shopping.

Goldman Sachs Acquires Capital Vision Services

Goldman Sachs Acquires Capital Vision Services

West Street Capital Partners VII, a fund managed by the merchant banking division of Goldman, on Monday said it is buying Capital Vision Services, the company that manages MyEyeDr. optometry practices, from private-equity firm Altas Partners LP and the Province of Quebec's pension fund, Caisse de depot et placement du Quebec.

U.S. Officials Meet in Secret Over Junk-Loan Frenzy as Recession Alarms Flash

U.S. Officials Meet in Secret Over Junk-Loan Frenzy as Recession Alarms Flash

The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.

SeaWorld Makes a Splash as Hill Path Capital Raises Stake

SeaWorld Makes a Splash as Hill Path Capital Raises Stake

SeaWorld announces that long-time investor Hill Path Capital is raising its stake in the company to 34.5%, and that it is also buying back its own shares from Pacific Alliance Group to the tune of $150 million.