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.
ByteDance, the China-based TikTok owner and political punching bag, is emerging as the nation’s answer to OpenAI.
Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
The Committee on Foreign Investment is divided on if the deal presents a security risk. The split gives Biden more grounds to block the deal.