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Blackstone Reaches $1.6 Billion Takeover Agreement for Hipgnosis Songs

Alternative investment management company Blackstone has reached an agreement to acquire Hipgnosis Songs, a song management fund that owns the music catalog rights of Red Hot Chili Peppers, Shakira, Blondie, and a number of other music acts. Hipgnosis Songs’ board previously recommended a takeover bid...

Global Funds in China Withdrawn At Record Rate

Overseas funding in China continued to be withdrawn on Thursday as the nation's economy continues to struggle and the government looks to implement a rescue package such as economic stimulus to fuel a recovery. With foreign investors withdrawing 1.5 billion yuan ($208 million) in...

Applied Materials to Invest $4 Billion in Silicon Valley Chip Research Center

U.S. semiconductor toolmaker Applied Materials Inc announced on Monday that it plans to spend $4 billion on the construction of a research center in Silicon Valley that will be used to accelerate semiconductor manufacturing activities. The world's biggest maker of tools used for chip manufacturing,...

Blackstone Acquires International Gemological Institute

Private equity firm Blackstone Inc. announced on Sunday that it has fully acquired the jewelry certification firm International Gemological Institute (IGI). It cost Blackstone in the range of $530 million to purchase IGI from China's Fosun and the company's founding family. Founded in 1975, IGI...