Keep pulling the thread on Bloomberg Intelligence.
People Inc. has made an offer to acquire MGM Resorts for $48.30 per share in cash.
People Inc., which currently owns 26.1% of MGM Resorts, plans to increase its stake by 24 percentage points to a controlling interest of 50.1%.
The proposed acquisition of MGM Resorts is estimated to require approximately $8 billion in new debt, excluding the $1.1 billion in cash held by People Inc.
The proposed acquisition of MGM Resorts is viewed as a leveraged buyout (LBO) that would increase the company's lease-adjusted leverage from mid-5 times to mid-7 times.
Berkshire Hathaway is acquiring homebuilder Taylor Morrison for $8.5 billion.
Analysts estimate that index funds would need to purchase $20 billion worth of SpaceX shares upon its inclusion in major indices.
The SpaceX IPO is expected to have a market capitalization of $1.8 trillion, which would make it the second largest IPO ever, behind only Aramco.
The SpaceX IPO plans to allocate an unusually large 30% of its shares to retail investors.
Berkshire Hathaway invested $12 billion in Google stock during the first quarter, a larger capital deployment than its acquisition of Taylor Morrison.
Nvidia is entering the PC market with a new product called the RTX Spark Superchip.
Mandeep Singh believes Nvidia's entry into the PC market is a strategic move to build an ecosystem for physical AI, such as robotics and humanoids, rather than to gain share in the low-growth PC market.
Anthropic, OpenAI, and SpaceX are reported to be among the first major users of Nvidia's upcoming Vera CPUs in their data centers.