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Private Equity 3 Hours

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3 articles summarized · Last updated: LATEST

Last updated: June 17, 2026, 2:30 PM ET

Private Equity & Venture Capital

A Blackstone-led consortium has agreed to take control of customer-experience software group Medallia from Thoma Bravo, with the latter absorbing a $5 billion loss on the investment. Meanwhile, PayPal Ventures will cease operations after a decade of investing in 80 companies as the payments giant continues its restructuring efforts. In a separate development, General Atlantic is in early discussions to lead a $2 billion-plus financing round for Kling AI, the video generation business of China's Kuaishou Technology, marking the first external funding for the company.