![]() ![]() “Having the voices of fellow students from a range of cultures, industries, and socioeconomic backgrounds in the classroom broadens everyone’s perspectives on the real-world challenges they will face as business leaders,” Harvard Business School Dean Srikant M. ![]() “Through this extraordinary act of philanthropy, father and son ensure that more lives are transformed as theirs have been.” “Harvard Business School has a long history of educating leaders who make a difference, among them Robert and Jonathan Kraft,” said Harvard University President Lawrence S. “Our family is proud of the extraordinary difference that our fellowship recipients make in the world.” “Being part of Harvard Business School changed my life, and I am deeply grateful for the chance to help others benefit from the transformational power of this experience,” Kraft said in a press release. The donation marks the second major philanthropic gift the family has given to Harvard in the past seven years and follows on from other bestowments numbering in the hundreds of millions of dollars to causes including education, child and women-related issues, healthcare and youth sports. Kraft Family Fellowship Fund will be the largest endowed fellowship fund at the famed school and will focus on supporting students from underrepresented backgrounds. Robert Kraft donates $24 million to Harvard Business SchoolĪmerican billionaire Robert Kraft has had a fellowship fund named in his honour after his family donated $24 million to Harvard Business School. In 2021, global music streaming earned $16.9 billion in revenue, according to trade group IFPI. If approved, Pinault’s son François-Henri Pinault will represent the family with a seat on the board, while current chief executive officer Jeronimo Folgueira is expected to continue in his current role. In 2015, Deezer attempted an IPO, but the plans were abandoned due to market conditions.ĭeezer’s largest markets include France, Brazil and Germany, with an expected expansion to the US and UK and projected profitability by 2025 off around €1 billion in revenue. The bid from I2PO, which also counts investment banker Matthieu Pigasse among their number, comes as music businesses, including Spotify and Universal, have capitalised on the streaming boom with initial public offerings (IPO). The SPAC deal has currently raised €135 million in private investment in public equity (PIPE) financing. The founder of the luxury group Kering and investment company Artémis, along with other founders of the special purpose acquisition company (SPAC) I2PO, plans to take the company public if the deal goes ahead. François Pinault looks to acquire music streaming platform Deezerįrench businessman François Pinault is aiming to buy music streaming platform Deezer in a deal estimated at $1.6 billion. ![]()
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