Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Australian fund manager Perpetual Ltd has officially ended discussions with private equity giant KKR regarding the sale of its wealth management and corporate trust units. The company cited shareholder interests as the primary reason for terminating the talks.
Initially announced in May last year, the A$2.2 billion ($1.4 billion) deal had been delayed due to an unexpectedly high tax bill. An independent expert reviewed KKR’s revised proposals and found them unfavorable for shareholders, leading Perpetual’s board to reject the terms.
"The board determined that the value and conditions of the revised proposals were not in the best interests of shareholders, and discussions have now ended," Perpetual stated.
Despite the deal collapse, Perpetual remains committed to selling its wealth management business separately. The company did not disclose potential buyers or a timeline for the sale.
KKR has yet to comment on the development.
The termination of talks marks a strategic shift for Perpetual as it explores new options for divesting its wealth management division while focusing on maximizing shareholder value.
