bankruptcy

New On The Block Warburg Pincus is exploring a potential sale of Exeter Finance, a subprime auto lender, for an estimated price between $2.5 billion and $3 billion. Discussions are ongoing. Warburg acquired Exeter from Blackstone in 2021.  Mawson Infrastructure Group launched a review of...

Cryptocurrency lending platform BlockFills filed for Chapter 11 bankruptcy protection on Sunday, saying it was to protect its business value and “maximize recoveries” for stakeholders. Blockfills Grapples with Massive Liabilities The bankruptcy filing will enable BlockFills to undergo...

New On The Block Advent is considering the sale of Ultra Maritime as demand for naval defense companies surges amid rising geopolitical tensions. The private equity firm is reportedly in discussions with banks about a potential sale that could value Ultra at around $4 billion. According to...

New On The Block TA Associates is reportedly selling bubble-tea maker Gong Cha. The private equity firm is reportedly working with JPMorgan Chase to explore a potential deal. The transaction could value the bubble-tea chain at around $2 billion. Talks are still in the early stages, and no...

New On The Block Toymaker Funko’s (NASDAQ:FNKO) investor, Pleasant Lake Partners, has urged the company to explore strategic alternatives, including a potential sale. Following the disclosure, shares of Funko surged about 25 percent. PayPal has reportedly not opened sale negotiations...

New On The Block Super Bowl LX champion Seattle Seahawks are officially kicking off a sale process. The estate of Paul Allen hired Allen & Co. and Latham & Watkins as advisors. Allen bought the Seahawks in 1997 and oversaw the franchise's first Super Bowl victory in 2013. After his death...

New On The Block I Squared Capital is considering options for its Asian data center business BDx, including a sale, according to Bloomberg. The price could be up to $2 billion. Updates From The Block Kirin Holdings agreed to sell the Four Roses bourbon brand to Modesto, California-based E....

New On The Block Elon Musk is reportedly weighing a potential merger across his entire business empire: SpaceX, Tesla (NASDAQ:TSLA) and/or xAI. A SpaceX-Tesla deal could leverage Tesla's energy storage and solar capabilities for space-based infrastructure, while a Tesla–xAI merger may be the...

Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM) are reportedly in discussions to provide a financial lifeline to save the bankrupt auto parts supplier First Brands Group. The potential deal involves the automakers making advance payments for the products they are set to receive. This would...

Diageo is exploring a potential sale of part or all of Royal Challengers Bengaluru, the Indian Premier League cricket franchise, as interest from bidders builds. Diageo has explored selling part or all of RCB at a valuation of up to $2 billion. RCB was previously owned by Vijay Mallya before...

At a recent bankruptcy auction, a bulletproof Mercedes-Benz Maybach S650 once owned by ex-billionaire Miles Guo fetched a winning bid of $63,000. The luxury car was sold in an online auction, with the winning bid placed by the 115th bidder. The vehicle was initially bought by Guo in 2018 for a sum...

At a recent bankruptcy auction, a bulletproof Mercedes-Benz Maybach S650 once owned by ex-billionaire Miles Guo fetched a winning bid of $63,000. The luxury car was sold in an online auction, with the winning bid placed by the 115th bidder. The vehicle was initially bought by Guo in 2018 for a sum...

New On The Block Mitsubishi Electric plans to sell its automotive equipment business, seeking first-round bids by Jan. 26 from car-parts suppliers and private equity firms. The unit, which makes EV and hybrid inverters, motors, and in-car entertainment systems, has struggled with low profitability...

Barely a year after Saks Global Enterprises splurged $2.65 billion on Neiman Marcus, the honeymoon is already over—and the bill has arrived. Lenders are now in talks about whether to inject more capital to keep the luxury department store empire afloat amid a potential bankruptcy. The drama has put...

The Robotic vacuum company iRobot Corporation (NASDAQ:IRBT), best known for the Roomba, filed for Chapter 11 bankruptcy on Sunday. Now, a subsequent deal to sell the company to its China-based supplier, Shenzhen Picea Robotics, is causing a stir online with consumers directing their ire at a member...