HeadlinesBriefing favicon HeadlinesBriefing

Private Equity 3h

×
3 articles summarized · Last updated: v1397
You are viewing an older version. View 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.