Summary
Bloomberg Deals covers the Cerebras IPO pricing and Anthropic's $30B fundraising. Honeywell CEO Vimal Kapur discusses the company's three-way split. Media M&A experts Christina Mohr and Ian Nussbaum debate consolidation trends. TPG Partner David Trujillo explains the firm's AI joint venture with OpenAI.
- Cerebras sets IPO price, rejecting a takeover approach from ARM/Softbank.
- Anthropic is in talks to raise at least $30B at a valuation above $900B.
- Honeywell CEO Vimal Kapur outlines progress on splitting into three companies.
- Media lawyers Christina Mohr and Ian Nussbaum discuss consolidation and sports valuation trends.
- TPG Partner David Trujillo details the new AI services joint venture with OpenAI.
- A massive insider-trading ring involving M&A lawyers is revealed by federal prosecutors.