World

HSG buys Italy’s Golden Goose; Temasek picks minority stake

Permira and Carlyle to remain minority shareholders in the luxury sneaker maker.

To come up with the money, Son has already sold SoftBank’s entire $5.8b stake in Nvidia.

The company has appointed President Stan Reynolds and Doug Rosencrans, executive VP and COO, as interim co-CEOs.

Morgan Stanley, which has advised Musk for years, was among the banks that took Tesla public in 2010.

The expansion could help reduce the company’s reliance on crypto trading.

Oracle, Silver Lake and MGX will own 15% each; ByteDance will retain 19.9% in new US JV.

“I would be averse to banning [crypto]… Singapore has been quite reasonable on its regulation.”

Long-term, the industry cannot rely on pro-crypto administrations.

Stonepeak will buy the business from the APA Group, Marubeni, and others.

Mubadala has launched a $500m partnership with Barings to invest in real estate debt.