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TikTok owner ByteDance is reportedly planning to shut down its Nuverse video games subsidiary and exit the mainstream gaming industry, in a move that will see the firm slash hundreds of jobs.
Global alternative asset manager Kohlberg Kravis Roberts & Co. L.P. is loading up on high-yield bonds and asset-based loans. We present our top picks in this asset class, up to 11% yields. The current rate cycle is almost over; is your portfolio ready to face rate cuts?
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 8:40AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR's website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website shortly after the eve.
KKR & Co Inc.'s stock KKR, +3.75% was up by 3% on Tuesday despite weakness in the broad stock market after the private-equity firm and alternatives investment manager's third-quarter profit beat analyst estimates. KKR said its third-quarter net income rose to $1.47 billion, or $1.64 a share, from $32.6 million, or 4 cents a share, in the year-ago quarter.
Credit ratings agency Moody's on Monday said it has placed Telecom Italia's B1 ratings on review for upgrade after the company announced board approval for KKR's bid for its fixed network assets.
Blackstone's quarterly earnings miss expectations, causing a stock selloff and potentially impacting KKR's earnings. KKR has a diversified business model and is seeing strong interest from institutional investors, with growing assets under management. KKR's stock is oversold and slightly cheaper than Blackstone, making it an opportunistic buy for long-term investors.
Dave Welsh, KKR's head of tech growth discusses the firm's new $3 billion tech growth fund and its strategy on tech investments. He speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Technology.
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the third quarter 2023 on Tuesday, November 7, 2023, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR's financial results will be held on Tuesday, November 7, 2023 at 10:00 a.m. ET. The conference call may be accessed by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required.
Goldman Sachs Group Inc. said Wednesday it has agreed to sell its GreenSky consumer-lending unit in a transaction that will impact its third-quarter earnings by 19 cents a share.
The Italian Treasury is keen to implement a plan agreed with U.S. fund KKR to bid for Telecom Italia's (TIM) landline grid, a source with knowledge of the matter said on Sunday.