Confusion surrounded the terms and structure of a proposed deal to revamp the ownership structure of the short-video service TikTok.
KKR today announced a monetization activity update for the period from July 1, 2020 through September 21, 2020. Based on information available to us as of today, with respect to the period through September 21, 2020, KKR has earned gross realized carried interest and total realized investment income of approximately $435 million. This is driven primarily by strategic and secondary sale transactions that have closed quarter to-date, as well as dividend and interest income from KKR’s balance sheet portfolio.
A large majority of shareholders in Spanish telecoms firm MasMovil have accepted a private equity bid to take it private in the first major deal of its kind since the coronavirus pandemic struck, the stock market regulator said on Thursday. Under Spanish takeover law, the new owners still need to call a shareholder meeting to approve the firm's delisting.