WALL STREET
William D. Cohan
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October 12, 2022
The Elon Financial Mindfuck
So Elon is buying Twitter… great. Now he just needs to figure out how to prevent the banks from issuing the company’s distressed debt at a discount to loan-to-own sharks (Apollo? DoubleLine?) who can wipe him out and maybe even one day take over the company.
William D. Cohan
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October 9, 2022
The Elon-Wall Street Game of Chicken
News and notes on the latest intrigue at the upper echelons of Wall Street: Bridgewater after Dalio, the anxiety of Elon’s bankers, and a prophecy from Larry Summers.
William D. Cohan
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October 5, 2022
Studio $54.20
A close reading of the most insane acquisition of our age: why Musk capitulated, the banks who scored, and who’s left holding the bag.
Eriq Gardner
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October 4, 2022
Elon’s Secret Wall Street Pact
Pre-trial combat in the Delaware Court of Chancery is at an impasse over an arcane, and hilariously ironic, legal drama involving Musk and the Morgan Stanley bankers who secured his Twitter financing.
William D. Cohan
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October 2, 2022
Elon’s Hollywood Ending
Musk’s texts, which include a startling dismissive exchange about Sam Bankman-Fried, reveal why he needs Ari Emanuel to save him from himself. Plus updates on Cathie Wood’s latest investment scheme and the potential resurrection of Credit Suisse’s investment bank.
William D. Cohan
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September 28, 2022
Apollo’s Mile High Club
In the post-Black, post-Harris era, Apollo has eaten up the airline industry with a carnivorous blend of opportunism and financial creativity, and a healthy appetite for risk. Is owning an airline the endgame?
William D. Cohan
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September 25, 2022
The Trump Lawsuit’s Known Unknowns & New “Shittrix” Drama
Notes on the hottest topics on Wall Street: the between-the-lines on the Trump suit, a private equity dumpster fire, and the end of SPACistan.
William D. Cohan
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September 21, 2022
The Odd Couple: S.B.F., The Mooch & A Crypto Love Story
The financial feel-good tale about how The Mooch, aka Anthony Scaramucci, turned the prospect of a dreaded day on a Caribbean cruise into lunch with S.B.F., aka the billionaire crypto entrepreneur Sam Bankman-Fried, and walked away with an opportunistic and timely multi-million-dollar investment into SkyBridge Capital.
Julia Alexander & Dylan Byers
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September 20, 2022
CNN+ Reveries & Zaz’s I.P. Strategy
A frank conversation on the hottest topics in streaming: Warner Bros. Discovery’s war chest, CNN’s future, Wall Street’s demands, and the future of ESPN.
William D. Cohan
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September 18, 2022
Iger’s New Act, Apollo Drama & JPow Tea Leaves
Observations on the great Wall Street stories of our age, or at least of this week: Josh Kushner’s new venture partner, Josh Harris’s $5 billion kiss-off to Leon Black, and the Elon-Cathie deflation delusion.
William D. Cohan
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September 14, 2022
A Private Equity Prom to Remember
Memories of the Forstmanns, Morgan Stanley halcyon days, legendary deals made (and killed), and all the feels at Tom Lister’s jubilee.
William D. Cohan
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September 11, 2022
Gary, Dina & The Shadow of Government Sachs
As Trump plots his return to the White House, would any of his former Wall Street brain trust sign on for round two? Plus observations on Jay Powell’s pain tolerance, Elon’s stalling tactics, and the odds of Secretary Schwarzman.
William D. Cohan
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September 7, 2022
Sheryl in Wonderland?
If Dan Loeb gets his way, two new heavyweights will join the Disney board. Dan, here’s my suggestion list. (We can discuss the advisory fees later…)
Matthew Belloni & William D. Cohan
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September 5, 2022
Netflix’s U-Turn & The Next CNN Purge
The real conversation inside Hollywood and Wall Street about Reed and Ted’s ad-tier about-face, Zaslav’s narrative heel-turn, Chapek’s ESPN dilemma, and the long arm of John Malone.
William D. Cohan
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August 31, 2022
The Most Important Deal of the Year Is…
No, it’s not Twitter, or a fantasy Pinterest or Peloton deal. Instead, it’s a software L.B.O. that will dictate everything in the current deal desert.
William D. Cohan
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August 28, 2022
Powell’s Pain Index, An Elongate Update & Peloton’s Future
News and notes on the most pressing questions obsessing Wall Street: Will JPow drop the hammer? Can the Chancery Court tame Elon Musk? And would somebody please put Peloton out of its misery?
William D. Cohan
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August 24, 2022
Dan Loeb’s Chapek Punch List
When you cut through it, all Dan Loeb really really wants Bob Chapek to do is slash Disney’s bloated costs and pay down the company’s $50 billion of debt. And maybe shake up the board. And maybe spin ESPN. And, oh wait…