Press Digest: Wall Street Journal - June 2
PRESS DIGEST-Wall Street Journal - June 2 June 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Alphabet GOOGL.O announced a plan to issue $80 billion in equity, including $10 billion to Berkshire Hathaway BRKa.N, to fund AI capital expenditures.
- Alternative asset manager Blackstone BX.N said it has raised $13.1 billion for its Asia private equity fund, exceeding its initial target and marking its largest such fundraise in the region.
- Andrew Left, 55, a prominent short seller, was convicted by a federal jury in Los Angeles of securities fraud.
- Investment firm Castlelake said any offer for easyJet EZJ.L would value the airline at least at $4.12 billion, slightly above the last closing price for an airline whose valuation has slumped during the Iran conflict.
- Motorola Solutions MSI.N it would buy Israeli startup D-Fend Solutions for $1.5 billion as governments and critical infrastructure operators worldwide rush to defend against the growing threat of rogue drones.
- Elliott Investment Management has built a stake valued at more than 1 billion Australian dollars, equivalent to US$716 million, in Northern Star Resources NST.AX and is seeking a strategic review of Australia’s largest gold miner.
(Compiled by Bengaluru newsroom)