By , , Kunlun said on Friday that the Committee on Foreign Investment in the United States (CFIUS) had cleared the sale of Grindr to San Vicente Acquisition LLC for more than $600 million, but did not give details about the investor group.A Reuters review of confidential fundraising documents and interviews with two sources familiar with the deal show that a close business associate of Kunlun’s founder tried to raise money for a fund to buy Grindr. Two of the partners in that fund eventually became part of San Vicente.Kunlun also offered financing support to San Vicente that it didn’t...…By , , Kunlun said on Friday that the Committee on Foreign Investment in the United States (CFIUS) had cleared the sale of Grindr to San Vicente Acquisition LLC for more than $600 million, but did not give details about the investor group.A Reuters review of confidential fundraising documents and interviews with two sources familiar with the deal show that a close business associate of Kunlun’s founder tried to raise money for a fund to buy Grindr. Two of the partners in that fund eventually became part of San Vicente.Kunlun also offered financing support to San Vicente that it didn’t...WW…

By , , (Reuters) - Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan...…By , , (Reuters) - Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan...WW…

By NEW YORK (Reuters) - Apollo Global Management Inc, the private equity firm under investor scrutiny over CEO Leon Black’s ties with late financier and convicted sex offender Jeffrey Epstein, reported an 8% drop in third-quarter distributable earnings on Thursday.Distributable earnings (DE) - the cash available for paying dividends to shareholders - fell to $205.1 million from $222.5 million a year earlier, as a big rise in profit in Apollo’s credit businesses was not enough to offset a steep drop in its private equity and real estate divisions.This translated to DE per share of 47 cents,...…By NEW YORK (Reuters) - Apollo Global Management Inc, the private equity firm under investor scrutiny over CEO Leon Black’s ties with late financier and convicted sex offender Jeffrey Epstein, reported an 8% drop in third-quarter distributable earnings on Thursday.Distributable earnings (DE) - the cash available for paying dividends to shareholders - fell to $205.1 million from $222.5 million a year earlier, as a big rise in profit in Apollo’s credit businesses was not enough to offset a steep drop in its private equity and real estate divisions.This translated to DE per share of 47 cents,...WW…

By Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.Blackstone is hoping that more consumers staying at home amid the COVID-19 pandemic will turn to Ancestry.com for its services.“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.The deal is Blackstone’s...…By Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.Blackstone is hoping that more consumers staying at home amid the COVID-19 pandemic will turn to Ancestry.com for its services.“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.The deal is Blackstone’s...WW…

By Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.Blackstone is hoping that more consumers staying at home amid the COVID-19 pandemic will turn to Ancestry.com for its services.“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.The deal is Blackstone’s...…By Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.Blackstone is hoping that more consumers staying at home amid the COVID-19 pandemic will turn to Ancestry.com for its services.“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.The deal is Blackstone’s...WW…