Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
The deal puts an end to Fubo’s ongoing lawsuit that sought to block Disney’s efforts to build Venu Sports with Fox and Warner Bros. Discovery.
Record earnings from Foxconn and some fresh tariff news highlight core themes likely to dominate headlines this year.
People who work on Wall Street face a more quotidian challenge starting this morning: getting there, thanks to New York’s congestion pricing.