Gillian Tan

Tuesday 25 Mar 2025

22 Mar 2025, 08:00 am

X plans purchase of last US$1.2 bil buyout debt held by banksElon Musk’s X plans to buy back the last remaining piece of debt tied to the buyout of the social network that Wall Street banks have been stuck holding for years, according to a person with knowledge of the matter.

By Gillian Tan / Bloomberg

22 Mar 2025, 08:00 am

IPO

20 Mar 2025, 08:00 am

AI cloud hosting firm CoreWeave launches US$2.7 bil IPOCoreWeave Inc, a cloud-computing provider that’s one of the hottest startups in artificial intelligence (AI), and some of its investors are seeking to raise as much as US$2.7 billion in an initial public offering (IPO).

By Ryan Gould, Gillian Tan & Bailey Lipschultz / Bloomberg

20 Mar 2025, 08:00 am

Tech

20 Mar 2025, 08:00 am

Musk’s X raised almost US$1b in new equity funding — BloombergElon Musk’s social network X has raised close to US$1 billion (RM4.43 billion) in new equity from investors, according to people with knowledge of the matter — a deal that gives the company a valuation in line with when Musk took it private in 2022.

By Sonali Basak, Katie Roof, Sridhar Natarajan & Gillian Tan / Bloomberg

20 Mar 2025, 08:00 am

Tech

28 Feb 2025, 08:00 am

Meta in talks to raise US$35b for data-centre financing led by Apollo — BloombergApollo Global Management Inc is in talks to lead a roughly US$35 billion (RM156.29 billion) financing package for Meta Platforms Inc to help develop data centres in the US, according to people with knowledge of the matter.

By Sridhar Natarajan, Laura Benitez, Gillian Tan & Allison McNeely / Bloomberg

28 Feb 2025, 08:00 am

Tech

27 Feb 2025, 08:00 am

Alphabet’s Google cuts employees in cloud division, Bloomberg reportsAlphabet Inc’s Google on Wednesday cut staffers in its cloud division, according to people familiar with the matter.

By Julia Love, Gillian Tan & Davey Alba / Bloomberg

27 Feb 2025, 08:00 am

Tech

15 Feb 2025, 08:00 am

Musk’s xAI discussing US$10b raise at US$75b valuation, Bloomberg reportsElon Musk’s artificial intelligence (AI) company xAI is canvassing potential investors for a roughly US$10 billion (RM44.34 billion) funding round that would value the company at about US$75 billion, according to a person with knowledge of the matter.

By Gillian Tan / Bloomberg

15 Feb 2025, 08:00 am

Sport

16 Jan 2025, 08:00 am

Investors seek US$5b for basketball league to rival NBAA group of investors being advised by Maverick Carter, Los Angeles Lakers star LeBron James’ business partner, is seeking to raise US$5 billion (RM22.5 billion) from private capital sources to form an international basketball league to rival the National Basketball Association, according to people familiar with the matter.

By Gillian Tan, Matthew Monks & Michelle F Davis / Bloomberg

16 Jan 2025, 08:00 am

10 Jan 2025, 08:00 am

Hong Kong tycoon’s Chow Tai Fook hired advisers for possible Alinta Energy stake sale — BloombergHong Kong billionaire Henry Cheng’s Chow Tai Fook Enterprises Ltd has hired advisers as it considers options for Alinta Energy Pty Ltd, according to people familiar with the matter. The deliberations include possibly selling a stake in the Australian electricity supplier, the people said, asking not to be identified discussing private information.

By Vinicy Chan, Ambereen Choudhury & Gillian Tan / Bloomberg

10 Jan 2025, 08:00 am

07 Jan 2025, 08:00 am

Bridgewater cuts 7% of staff in effort to remain ‘nimble’ — BloombergBridgewater Associates dismissed 7% of its workforce Monday as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire top talent, according to a person familiar with the matter.

By Gillian Tan & Nishant Kumar / Bloomberg

07 Jan 2025, 08:00 am

14 Mar 2022, 08:00 am

KKR raises US$17 billion for its biggest infrastructure fund everKKR & Co has amassed US$17 billion for global infrastructure bets, its largest fund dedicated to the burgeoning sector.

By Gillian Tan / Bloomberg

14 Mar 2022, 08:00 am

Public Bank heir buys Singapore mansion for record US$70m — Bloomberg

Wawasan Dengkil slips after flat open on ACE Market debut

YTL Communications collaborates with Transcelestial to bring laser-based wireless technology to Malaysia

Samsung Electronics co-CEO passes away of heart attack at 63

PM reveals attack on MAHB digital system with hackers demanding US$10 mil

AAPA urges govt, industry support for airlines’ net-zero 2050 goal

IGP: Public continues placing trust in Malaysian police despite mixed perceptions on social media

Cahya Mata Sarawak suit: Abu Bekir Taib-Karl Vink connection back in the spotlight

RM1.5b to accelerate MSME digitalisation nationwide, says Gobind

No plans to impose congestion charge for now — Loke

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