Blackstone

Today's philanthropists are increasingly uncomfortable with the "write-a-check-and-forget-about-it" model. From Bill Gates to Philip Berber, they are taking a more active role in the way their money is given and the ways in which it is spent.

Last week, power-plant operator Dynegy agreed to be acquired by top shareholder Icahn Enterprises for about $665 million. But Dynegy's second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it "the wrong price at the wrong time for the wrong reasons."

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent failed bid from private equity giant The Blackstone Group.

Blackstone Group (BX) and Chinese food company Bright Food Group plan to bid for GNC Holdings, Bloomberg News reported. The purchase of vitamin and nutrition-supplement retail chain GNC could be announced as soon this month, Bloomberg News said without naming its sources. GNC hired investment...

Shares of energy company Dynergy fell after its shareholders rejected a $603 million takeover bid from an affiliate of The Blackstone Group, a private-equity firm. Will investors Carl Icahn or Seneca Capital bid for the Houston company?

A group of private-equity investors is calling on the CEO of Chinese Internet giant Alibaba Group to throw his support behind a buyout offer for Yahoo, Reuters reports. Alibaba founder Jack Ma is reportedly considering his options regarding the U.S. firm that holds a 40% stake in his company.

Blackstone Group (BX), a private equity firm, agreed to back a project to build luxury apartments in China. Blackstone entered into the agreement with Hong Kong property developer Great Eagle, The Financial Times reported without naming its sources. Great Eagle will build over 1,000 new homes in...

The real estate portfolio is worth around $2 billion, excluding debt. Blackstone will help unwind the portfolio and will not acquire any assets from it.

Private equity firm Blackstone Group reported higher quarterly earnings that topped analysts' estimates. The buyout giant expects to see the return of the $10 to $15 billion deals.

Blackstone's (BX) CEO Steve Schwarzman told his investors in a letter that his private equity firm may take as many as eight of its firms public. According to the Financial Times, the letter said, "We see the world changing once again. At least for private equity, the worst is behind the industry."...