The Goldman Sachs Group, Inc. (NYSE:GS) ranks among the best financial stocks to buy according to billionaire Ken Fisher. In a market that’s awakening to large-scale acquisitions, The Goldman Sachs Group, Inc. (NYSE:GS) seems to be stepping into the fast lane. On November 12, the bank announced that it is entering the talent agency industry. In a deal reportedly worth about $1 billion, the private equity branch of the bank’s alternatives division acquired the majority of Excel Sports Management. Through the agreement, Goldman Sachs Alternatives will invest in technology and data-driven capabilities, while offering strategic and financial support to increase Excel’s global presence in sports, media, and sponsorship.
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In a similar vein, The Goldman Sachs Group, Inc. will receive $110 million for advising Electronic Arts on their record-breaking $55 billion take-private deal, which is the most profitable M&A deal in the investment bank’s history.
According to an SEC filing on November 11, The Goldman Sachs Group, Inc. received $10 million when the EA take-private transaction was announced. The final $100 million fee will be paid at the close of the transaction.
The Goldman Sachs Group, Inc., a leading global financial institution, provides financial services across investment banking, securities, asset management, and consumer banking to corporations, institutions, governments, and individuals globally.
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This article is originally published at Insider Monkey.
