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Stock impact report

Jim Cramer raises concerns about tech's ‘Lazy Susan' deals [CNBC]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: CNBC
Monday - Friday, 6:00 - 7:00 PM ET Key Points He called these transactions “Lazy Susan” deals, which occur when one company gives another money, and in exchange, the recipient invests some of that money back into the other company. He reviewed recent news that OpenAI is in talks to receive at least $10 billion from Amazon, while promising to buy the online retailer's chips. “These days, we're constantly hearing about what I'd call these ‘Lazy Susan' deals, except they're being celebrated as good news for both parties,” he said. In this article CNBC's Jim Cramer on Wednesday expressed trepidation about circular transactions between tech companies as Wall Street weighs the value of artificial intelligence heavy hitter OpenAI “These days, we're constantly hearing about what I'd call these ‘Lazy Susan' deals, except they're being celebrated as good news for both parties,” he said. To Cramer, a “Lazy Susan” deal occurs when one company gives another money, and in exchange, Show less Read more
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