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TPG Agrees to Buy South Korea’s Lotte Rental for $925 Million

TPG Capital has agreed to acquire a 61.2% stake in Lotte Rental Co. for 1.31 trillion won ($925 million), reviving a sale of South Korea’s largest car-rental company months after regulators blocked an earlier takeover.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Nvidia’s Risky Business

Nvidia is finding new ways for its customers to raise money, and it's expanding the risk of the AI buildout significantly.

  • Jay Cooke's 1870 contract financed Northern Pacific Railway, contributing to a world conflict.
  • Cooke's innovative bond sales funded $500 million annually, equivalent to $600 billion today.

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