Aussie crypto firm defaults on $163m | $2.2b book merger scrapped by regulator | $1b for climate fund at Morgan Stanley

What the Flux

Nov 22 2022 • 5 mins

Iris Energy, a massive Australian-born bitcoin miner, has defaulted on $163m worth of debts on its crypto mining equipment.

Penguin Random House and its rival Simon and Schuster have scrapped their $2.2 billion USD merger after a judge ruled it would reduce competition.

Morgan Stanley, the global investment bank, has launched a $1 billion private equity fund for the climate space.

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