Wall Street Breakfast Bain, KKR bids hit $7.6B for Seven & i non-core assets
Dec 26, 2024
Bain and KKR are making waves with their massive $7.6 billion bid for non-core assets of Seven & i. Japan Airlines faces chaos as a cyberattack disrupts flights. Meanwhile, DoubleU Games is expanding its portfolio by acquiring the Turkish gaming studio Paxie Games. The podcast also touches on the rise of bitcoin for international trade in Russia and China's housing market facing a significant slump. It's a whirlwind of crucial financial insights and market trends for savvy investors.
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7&I Holdings Bids
- Seven & I Holdings, parent company of 7-Eleven, received bids for its non-core assets.
- Bain Capital offered the highest bid at $7.6 billion, followed by KKR at $5.1 billion and Japan Industrial Partners at $750 billion yen.
Japan Airlines Cyberattack
- Japan Airlines experienced a cyberattack on December 26th, causing delays for over 24 domestic flights.
- The airline is working on system recovery, and ticket sales were temporarily suspended.
DoubleU Games Acquisition
- DoubleU Games is acquiring a 60% stake in Turkish gaming studio Paxie Games for $27 million.
- The remaining 40% will be acquired over three years, financed by treasury shares and cash, closing in Q1 2025.