Blackstone-led lenders take control of Medallia, Thoma Bravo loses stake after recap

Medallia’s lenders are set to take over the customer and employee experience software company from Thoma Bravo in a recap that erases the buyout firm’s estimated $5 billion equity. The move is a big reversal for one of the most high-profile software deals from 2021.

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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

NASDAQ:GOOGL 92/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

NYSE:TSM 89/100 • ★★★★½
#3 Buy

S&P Global

NYSE:SPGI 88/100 • ★★★★
#4 Buy

Amazon

NASDAQ:AMZN 86/100 • ★★★★
#5 Buy on weakness

Microsoft

NASDAQ:MSFT 84/100 • ★★★★
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Flash U.S. PMIs

The 9:45 AM ET pair has the strongest broad-market potential today because growth surprises can quickly reprice Treasury yields, the dollar and rate expectations.

#2

BJ's Wholesale Club

Results can influence consumer and retail sentiment, particularly around value-seeking behavior, traffic and gross margins.

#3

Ubiquiti

Its results are relevant for communications equipment and networking demand, with earnings sensitivity to margins and product mix.

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Times and estimates may change. Verify before trading.