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Silver Lake

All articles tagged with #silver lake

business2 hours ago•2 min saved

Silver Lake Smashburger Spot Closes After Rodent Infestation

The Win-Dow, a popular walk-up burger joint in Los Angeles, has been ordered to close by public health inspectors due to a rodent and vermin infestation. The closure follows a failed health inspection at the Silver Lake location, which had gained a following for affordable, no-frills food. Management posted a handwritten sign claiming the closure was for 'maintenance,' but locals and online commenters rejected this explanation, citing a broader pest problem in the area. A neighboring business, Modern Bread & Bagel, was also closed for similar violations earlier in the month.

via New York Post|

#business #health-inspection #los-angeles

finance1 month ago•10 min saved

Workday stock leaps on reported Silver Lake buyout talks

Workday's shares jumped after Reuters reported private equity firm Silver Lake was in talks to acquire the company; discussions are ongoing with no guarantee of a deal, and the stock traded volatile, climbing as much as about 21% intraday and partially offsetting this year's losses.

via Yahoo Finance|

#acquisition-talks #finance #mergers-and-acquisitions

business1 month ago•11 min saved

Silver Lake Eyes $43B Takeover of Workday in Major Software Buyout

Private equity firm Silver Lake is in talks to acquire Workday for about $43 billion, potentially among the largest software buyouts in history. Talks are ongoing with no guarantee of a deal; Silver Lake could bring in additional investors, following its previous take-private of Electronic Arts. Bhusri continues leading Workday as it faces AI-driven pressures, and Workday counts Netflix, U.S. Bank, Johns Hopkins University and Thomson Reuters among its more than 11,500 customers.

via Yahoo Finance|

#business #mergers-and-acquisitions #private-equity

business1 month ago•1 min saved

Workday climbs on report of Silver Lake takeover talks

Workday stock rose more than 18% after Reuters reported that private-equity firm Silver Lake is in talks to acquire the HR software maker. Discussions are said to be ongoing, with the stock briefly pushing Workday’s market value above $50 billion. The move comes as investors weigh AI disruption risks to software business models; Bhusri became CEO in March, and Workday had beaten May guidance, though the shares are about 7% lower year over year amid the AI shift.

via CNBC|

#ai-disruption #business #silver-lake

business1 month ago•8 min saved

EA Goes Private as Investor Trio Tops $55B in Take-Private Deal

Electronic Arts has been fully taken private by a consortium of investors—the Public Investment Fund of Saudi Arabia (PIF), Silver Lake, and Affinity Partners—for $55 billion, delisting its stock and paying shareholders $210 per share. The record-breaking all-cash deal ushers EA into a new chapter, but the future of certain studios and projects remains uncertain even as 2026 sports titles (Madden 27, FC 27, NHL 27, Star Wars Zero Company) and other planned releases are expected to proceed under the new ownership.

via Game Informer|

#acquisition #affinity-partners #business

business1 month ago•3 min saved

Saudi PIF Leads $55B Takeover of EA with Kushner-Backed Partners

EA was taken private in a $55 billion deal led by Saudi Arabia’s Public Investment Fund, with Silver Lake and Jared Kushner’s Affinity Partners as investors; about $36B in equity and $20B in debt financing from JPMorgan, closing on August 4, 2026. EA will remain headquartered in Redwood City and preserve creative control, with no immediate layoffs promised.

via Game Developer|

#affinity-partners #business #ea

business1 month ago•2 min saved

EA Goes Private in Record $55B Buyout

Electronic Arts has completed a $55 billion leveraged buyout to become a private company, with Saudi Arabia’s Public Investment Fund owning roughly 93.4% and $20 billion of debt financing—the largest LBO on record. The deal is expected to push EA to rely more on bankable, big-franchise releases (Battlefield, EA Sports, The Sims) and less on smaller, experimental titles as it charts its next chapter.

via theverge.com|

#business #electronic-arts #leveraged-buyout

business6 months ago•2 min saved

US to pocket $10B fee as TikTok deal puts American investors in control

The Trump administration is reportedly set to receive a $10 billion transaction fee from investors who took control of TikTok's U.S. operations. Backers including Oracle, MGX, and Silver Lake paid $2.5 billion at closing in January and will continue paying until the total reaches $10 billion; under the deal, TikTok will operate in the U.S. with ByteDance sharing profits, while the government maintains a notable role in this private-sector arrangement.

via The Guardian|

#business #bytedance #oracle

politics8 months ago•6 min saved

US-Backed TikTok Deal Sets Up American-Controlled Unit

TikTok has finalized a $14 billion deal to create a U.S.-based subsidiary with a seven-member board, granting Oracle, Silver Lake, MGX, and the Dell Family Office 15% stakes each and leaving ByteDance with about a 20% stake. The U.S. entity will operate independently and control the app’s algorithm and data within its cloud, addressing national-security concerns and allowing the previously proposed ban to be avoided after approval from Trump.

via Politico|

#bytedance #oracle #politics

business8 months ago•2 min saved

TikTok’s U.S. sale seals ahead of looming ban

TikTok closed the sale of its U.S. operation to a US-backed joint venture led by Oracle, Silver Lake, and MGX just before the White House ban would take effect. The USDS Joint Venture will oversee U.S. data protection, algorithm security, and content moderation, licensing the ByteDance algorithm and retraining it on U.S. user data with Oracle auditing compliance. ByteDance retains a minority stake, while new investors include Michael Dell’s family office, Alpha Wave, and Revolution. Valued at about $14 billion, the deal shifts from earlier terms amid conflicts of interest and marks the culmination of years of national-security pressure to divest the U.S. operation; enforcement of the ban had been postponed after a 2025 Supreme Court ruling.

via Axios|

#business #bytedance #oracle

business8 months ago•455 min saved

US-led TikTok deal seals long-term future in America

The US deal to spin TikTok’s US assets into a majority-American joint venture has closed, with Oracle overseeing data storage and a 50/50 ownership split between ByteDance affiliates and a consortium led by Oracle, Silver Lake and MGX. The JV will retrain the platform’s algorithm on US data and manage US content moderation, addressing national-security concerns while ByteDance retains control of the global TikTok entity. While the arrangement aims to secure TikTok’s US presence, questions remain about whether it fully resolves security risks. The agreement is expected to preserve access for more than 200 million US users.

via CNN|

#business #bytedance #national-security

politics8 months ago•3 min saved

Trump-Backed Investors Win Majority Control of U.S. TikTok, White House Says

The U.S. and China have approved a deal to place TikTok’s U.S. operations into a seven-member, American-led joint venture majority-owned by investors including Oracle and Silver Lake (ByteDance retains a 19.9% stake), addressing national-security concerns and avoiding a full ban.

via NBC News|

#bytedance #oracle #politics

politics8 months ago•5 min saved

TikTok’s U.S. unit to be run by Oracle-Silver Lake-led JV after deal sign-off

The U.S. and China have signed off on a deal to place TikTok’s U.S. operations in a joint venture led by Oracle and Silver Lake, as part of ByteDance divestment to address national-security concerns; more details are expected soon, per a memo Chew outlined. The Trump administration had previously signaled support by pausing a ban, while China remains cautious, and the closing deadline has been extended to Jan. 23.

via Politico|

#bytedance #oracle #politics

business8 months ago•25 min saved

TikTok US spinoff clears final hurdles with Oracle-led buyout

The U.S. and China signed off on ByteDance’s plan to divest TikTok’s U.S. business into an independent, mostly American‑owned entity led by Oracle and Silver Lake, with ByteDance retaining a minority stake and a seven‑member American‑majority board safeguarding data protection, content moderation and the algorithm, aiming to close by Jan. 22 to meet regulatory requirements.

via Semafor|

#business #bytedance #divestment

business9 months ago•2 min saved

TikTok Partners with U.S. Investors to Launch New US Operations

TikTok has agreed to sell its U.S. operations to a consortium of American investors including Oracle and Silver Lake, with the deal expected to close by January 22. The new U.S. venture will have a majority-American board, local data storage, and oversight of content moderation, addressing U.S. security concerns and ending years of uncertainty about TikTok's future in the U.S.

via PBS|

#business #bytedance #oracle