First Read begins the new week with news that President Trump orders U.S. companies doing business in China to relocate elsewhere after Beijing unveils new tariffs on U.S. goods, VMware acquires Carbon Black for $2.1 billion and Pivotal for $2.7 billion, and toymaker Hasbro now owns Death Row records.
Emerging manager fundraising picks up steam, What are you reading this summer?
First Read closes out the week with news that Overstock CEO resigns following a controversial press release, KKR is reportedly exploring a $5 bln sale of Epicore Software and hundreds of Uber and Lyft drivers to launch protest caravan across California.
KKR preps next Asia fund, Paul Allen family office to make Asian expansion
Drillinginfo, an energy SaaS and data analytics company, has changed its name to Enverus. Headquartered in Austin, Enervus is a portfolio company of Genstar Capital.
First Read ushers in the day with news that Dick's Sporting Goods is testing if it should stop selling guns, President Trump is no longer considering a tax cut package and Alibaba postpones IPO amid Hong Kong protests.
Blackstone hires ex-Navab exec to focus on healthcare growth investments, Kline Hill preps Fund III
First Read begins the day with news that US Steel is temporarily laying off 200 workers in Michigan, Elanco Animal Health agrees to buy Bayer's veterinary drugs in a $7.6 bln deal and Trump dismisses recession fears but floats stimulus ideas.
Who pays the adviser fee in a fund revamp?, CalPERS PE overhaul and media issues
Fundraising keeps up pace as M&A slows, Motive Partners collects $500 mln