Company
Silver Lake is a global private equity firm specializing in large-scale technology, media, and telecom investments.
Automattic put Matt Mullenweg on paid leave on Wednesday and made its CFO interim CEO. Two days later Mullenweg told staff on Slack that the board is back in agreement, and no board member has confirmed it.
Reality
Bloomberg says executives have discussed an American majority shareholder. G42 already pulled Huawei gear out of its racks and wired US-specified monitoring into its own data centres, and each concession came with an expiry date.
Reality
Sixty-eight basis points over SOFR is a price set by about twenty banks that have read the leverage tests, in a regional loan market sitting at a 16-year low, and it is the only number the company's accounts will ever produce.
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Earnings came in ahead of consensus and the full-year range moved up, but the only figure growing at double digits was the $9.03 billion backlog due inside a year, and that is the number being read.
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SpaceX paid $60B for Cursor in stock carried at about 40 times revenue. The accretion story is a multiple transfer, and trailing ARR comps no longer explain what buyers are doing.
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Three hundred million dollars moves now. The last hundred million is released only when a court vacates the 2019 order that was supposed to stop the conduct in the first place.
Reality