Associated tags: Professional Services, Finance, NYSE, BX, Blackstone, Banking
Locations: SEATTLE, EUROPE, LOS ANGELES, ASIA, AUSTRALIA, CHICAGO, NEW YORK CITY, BELGIUM, FLORIDA, LATIN AMERICA, PENNSYLVANIA, MASSACHUSETTS, AFRICA, UNITED KINGDOM, CA, RED BLUFF, UNITED ARAB EMIRATES, UNITED STATES OF AMERICA, UAE, MISSOURI, EMERSON, NASHVILLE, TN, FUNDING, INDIANA, GALLATIN, TENNESSEE, SOUTH SAN FRANCISCO, DISTRICT OF COLUMBIA, NEW HAMPSHIRE, WARDWELL, RIALTO, WA, ARKANSAS, MILWAUKEE, ELDREDGE, SALT LAKE CITY, UTAH, TROY, MA, UNITED STATES, NORTH AMERICA, NEW YORK, APAC, MIDDLE EAST, TORONTO, BLACKSTONE, CALIFORNIA
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 24, 2024.
Key Points:
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 24, 2024.
- The Company will also host a conference call the same day at 9:00 a.m.
- ET to review results.
- To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1662838&tp_key=6e92f5954b
For those unable to listen to the live broadcast, there will be a webcast replay on the Company's website at www.bxmt.com beginning approximately two hours after the event.
Retrieved on:
Wednesday, March 27, 2024
Professional Services,
Health,
Finance,
Research,
Science,
Pharmaceutical,
Biotechnology,
Moderna,
Messenger,
Patient,
BX,
MRNA,
Vaccine Blackstone (NYSE:BX) announced today a new collaboration with Moderna, Inc. (NASDAQ: MRNA, “Moderna”) through a development and commercialization funding agreement where funds managed by Blackstone Life Sciences (“Blackstone”) will provide up to $750 million to fund Moderna’s influenza (“flu”) program.
Key Points:
- Blackstone (NYSE:BX) announced today a new collaboration with Moderna, Inc. (NASDAQ: MRNA, “Moderna”) through a development and commercialization funding agreement where funds managed by Blackstone Life Sciences (“Blackstone”) will provide up to $750 million to fund Moderna’s influenza (“flu”) program.
- This landmark collaboration is another example of our long-standing strategy to partner with the world’s leading life science companies to advance their critical path vaccines, medicines and medical technologies to patients,” said Nicholas Galakatos, Ph.D., Global Head of Blackstone Life Sciences.
- Achieving this ambition requires substantial investment in late-stage studies and we are excited to welcome Blackstone and their innovative financing model.”
This new collaboration continues Blackstone Life Sciences’ work and support for many of the world’s leading and most innovative biopharmaceutical and medical technology companies.
- Blackstone seeks to provide customized financing solutions for companies across therapeutic areas to support mission critical scientific innovation and advance important products to patients.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2024. This dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024.
Key Points:
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2024. This dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024.
Professional Services,
Data Management,
Technology,
Finance,
Asset Management,
Banking,
Growth,
Partnership,
Infrastructure,
Insurance,
Credit,
Data Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers , a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced a new strategic partnership.
Key Points:
- Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers , a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced a new strategic partnership.
- Blackstone has provided an initial $600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah.
- The senior secured credit facility is committed entirely by insurance accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.
- “Blackstone’s support contributes to Aligned’s continued growth in meeting the capacity demands of customers across the globe,” said Anubhav Raj, Chief Financial Officer at Aligned.
Retrieved on:
Tuesday, February 27, 2024
SEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 billion.
Key Points:
- SEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 billion.
- The transaction was previously announced on November 29, 2023 and was approved by Rover stockholders at Rover’s special meeting of stockholders held on February 22, 2024.
- With the completion of the acquisition, Rover stockholders are entitled to receive $11.00 in cash for each share of Rover common stock they owned immediately prior to the closing.
- Evercore acted as lead financial advisor and Moelis & Company LLC also acted as a financial advisor to Blackstone, and Kirkland & Ellis LLP acted as legal counsel to Blackstone.
Retrieved on:
Tuesday, February 27, 2024
Banking,
Professional Services,
Finance,
Elis James,
Barclays,
Investment banking,
Growth,
Sale,
Transaction,
Prudential regulation,
Account,
IRB,
Infrastructure,
PLC,
Update,
Blackstone Credit,
Credit,
Insurance,
Bank Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
Key Points:
- Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
- This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.
- As part of the Transaction, BBDE will enter into a long-term strategic forward flow sale and servicing arrangement with Blackstone related to the Accounts.
- Barclays Bank PLC will invest into the Transaction alongside Blackstone’s insurance accounts.
Retrieved on:
Wednesday, February 21, 2024
Finance,
Professional Services,
Philanthropy,
Other Education,
Continuing,
Fund Raising,
University,
Foundation,
Other Philanthropy,
Education,
Senior,
Entrepreneurship,
Multimedia,
Thought,
Curriculum,
Learning,
School,
Prairie,
Prairie View A&M University,
Launch pad,
PVAMU,
Texas A&M University,
Student,
Management Blackstone today announced that the Blackstone Charitable Foundation has reached $10 million in funding in Texas through its signature program, LaunchPad.
Key Points:
- Blackstone today announced that the Blackstone Charitable Foundation has reached $10 million in funding in Texas through its signature program, LaunchPad.
- The program seeks to close the opportunity gap by equipping students with entrepreneurial skills and internship opportunities to help them build lasting careers.
- With continued migration of Fortune 500 companies to Texas, initiatives like LaunchPad will continue to help prepare Texas students to compete and thrive in a dynamic job market.
- “What the Blackstone Charitable Foundation is providing to our next generation of community and business leaders is truly remarkable,” said President LeGrande.
Retrieved on:
Wednesday, February 14, 2024
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its fourth quarter and full year 2023 results.
Key Points:
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its fourth quarter and full year 2023 results.
- Net income attributable to Blackstone Mortgage Trust for the full year was $247 million.
- Entering 2024, we are well-positioned to strategically manage our portfolio while capitalizing on emerging opportunities.”
Blackstone Mortgage Trust issued a full presentation of its fourth quarter and full year 2023 results, which can be viewed at www.bxmt.com .
- Blackstone Mortgage Trust will host a conference call today at 9:00 a.m.
Retrieved on:
Wednesday, February 14, 2024
Finance,
Restaurant,
Bar,
Food,
Beverage,
Retail,
Professional Services,
BX,
Simpson Thacher & Bartlett,
QSR,
Culture,
Growth,
Brew,
Data science,
Coffee,
LLP,
Milwaukee Brewers Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 Brew Coffee, the next generation drive-thru beverage business.
Key Points:
- Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 Brew Coffee, the next generation drive-thru beverage business.
- Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners.
- Today, 7 Brew is a leading franchisor recognized as QSR Magazine’s “Breakout Brand of 2023.”
John Davidson, CEO of 7 Brew, said, “We are on a strong growth trajectory thanks to our outstanding team, the Brew Crew, and are so excited to have found in Blackstone a true partner who understands our culture and whose global reach and incredible resources will enable us to reach this next stage of growth.
- I am confident that the Brew Crew, management and Blackstone will continue to drive exponential growth.”
Terms of the transaction were not disclosed.
Retrieved on:
Monday, February 12, 2024
Cloud,
Cortex,
Computer,
Google Cloud,
OTCQB,
Social media,
BX,
Avant,
Apple silicon,
GSK,
Roche,
Traction,
McKinsey & Company,
SVP,
Investment,
Nucor,
News,
Biophysical environment,
Culture,
Snowflake Inc.,
Growth,
AAPL,
Silicon,
ArrayFire,
MLX,
ESG,
FBBank,
Consolidated Edison,
Computer World,
Blackstone Inc.,
Digital Realty,
Memory,
Aircraft,
Electricity,
CNBC,
SNOW,
Machine learning,
Apple Inc.,
PyTorch,
Snowflake,
Water,
AWS,
Environment VANCOUVER, BC, Feb. 12, 2024 /PRNewswire/ -- USA News Group - The world is undergoing a massive AI revolution, that according to analysts at McKinsey Global Institute could add the equivalent of up to $4.4 trillion annually in value in the near future. With such immense potential on the line, an AI arms race is underway, several firms are establishing their positions by developing and acquiring new tech, including Avant Technologies Inc. (OTCQB:AVAI), C3.ai, Inc. (NYSE:AI), Snowflake Inc. (NYSE:SNOW), Apple Inc. (NASDAQ:AAPL), and even asset management firm Blackstone Inc. (NYSE:BX).
Key Points:
- Along the important road towards this new technological integration, businesses trying to use AI in their products are facing big challenges.
- These challenges are mostly because of the high costs of computing power and a global shortage of data storage expected by 2025.
- Avant is dedicated to advancing AI technology and is creating a specialized computing environment specifically designed for AI applications.
- "In this new AI era, generative AI and large language models will reshape how we live, work and do business."
