Christine Anderson News
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Blackstone Group LP, the world’s biggest manager of alternative assets, has $1.5 billion of capital commitments for its first Asian property fund, targeted at $4 billion, according to a letter sent to investors.
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Blackstone Group LP’s John Dionne, a partner responsible for relations with private-equity investors, is leaving the firm to pursue a project at Harvard Business School, according to a person familiar with the matter.
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Yahoo! Inc. will lease four floors in the old New York Times building near Times Square as part of an expansion in the city that includes its agreement to purchase Tumblr Inc.
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South Africa’s government pledged to cooperate with a probe by the nation’s graft ombudsman on how an Airbus jet carrying wedding guests from India was allowed to land at a military base after it released its own report into the incident.
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After five years under investigation for insider trading, Steven Cohen is considering proposing a deal to prosecutors that would shut his $15 billion hedge-fund firm to outside investors, according to a person familiar with his thinking.
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The frontier of commercial spaceflight, which opened when NASA’s shuttle program ended this month, is taking shape in an unfinished assembly of metal, glass and concrete that resembles a rust-colored stingray burrowed halfway into New Mexico’s desert.
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After days of discussions, Blackstone Group LP and Dell Inc.’s Michael Dell have yet to tackle a critical issue, according to a person with knowledge of the matter: what role he would play if the private-equity firm wins the bidding for the computer maker.
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Blackstone Group LP is moving ahead with the initial public offering of SeaWorld Entertainment Inc. as soon as this month after rejecting takeover bids for the theme-park operator, said a person familiar with the matter.
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Blackstone Group LP and activist investor Carl Icahn submitted proposals to buy Dell Inc. that would rival a $24.4 billion buyout offer from Silver Lake Management LLC and company founder Michael Dell, according to people with knowledge of the matter.
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Blackstone Group LP and activist investor Carl Icahn submitted proposals to buy Dell Inc. that would rival a $24.4 billion buyout offer from Silver Lake Management LLC and company founder Michael Dell, according to people with knowledge of the matter.
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