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In 2016 Pokémon Go took the world by storm. But, over the last few years, its popularity has been declining. In 2024, its revenue was around $600m, a 50% drop from its peak of $1.2 billion in 2020. Niantic, Inc., the parent company, is in talks to sell its gaming division, which includes Pokémon Go, Monster Hunter Now, and Pikmin Bloom, to Saudi-owned Scopely for $3.5 billion. This sale will enable Niantic to focus on augmented reality (AR) and geospatial mapping, returning to its original goal of creating the "real-world metaverse." For Saudi-backed Scopely, this acquisition fits with their Vision 2030 initiative to reduce dependence on oil by investing in gaming and esports. Want to dive further into this deal? Check out today's edition of The Deal Talk for a full analysis from HirePrep's M&A research team ?? ?? https://lnkd.in/eenE2trP

How to Network Your Way into Interviews – Key Takeaways from the Wall St Accelerator Workshop #1 Breaking into investment banking or sales & trading requires smart networking. Here’s how: ? Research Before Reaching Out – Understand the specific group you're targeting by researching market trends, preparing insightful questions, and showing genuine interest. ? Ask Meaningful Questions – Engage bankers with thoughtful questions about the industry. For example, "How has your team adjusted loan pricing strategies given the Fed's current stance on interest rates?" ? Connect with Unconventional Backgrounds – If you're from a non-target school, focus on alumni or professionals who took non-traditional paths into the industry. They're more likely to relate to your journey and offer guidance. ? Leverage Conferences and In-Person Networking – Attend both virtual and in-person networking events. ? Keep Follow-Ups Brief – Send concise thank you emails after networking calls. Mention one key takeaway and express your desire to stay in touch. ?Stay Connected- Keep in touch by sending periodic updates on your progress or simple holiday greetings. These small touches help you remain top of mind when bankers review resumes. Remember, networking is a lifelong skill that can accelerate your career. Be strategic, stay persistent, and build genuine relationships. Join the?Wall Street Accelerator Community?today to stay connected on future workshops and networking opportunities.

What Is the Private Credit Market & Why Does It Matter? Private credit = financing deals?outside of the public market.?Sounds simple, but it's transforming the entire finance landscape. Here’s the shift. 20 years ago, private credit was considered high-risk and involved deals that traditional banks wouldn't touch. Today, alternative asset managers have entered the scene and taken a significant part of the market share away from banks. Why now? More regulations are holding banks captive to their balance sheets, making them more selective. Is it still risky? Not necessarily. The market is maturing, and with broader?regulatory oversight, private credit is becoming a more stable asset class. The result? A massive growth opportunity for private credit as this space matures. Follow HirePrep to keep up with the latest insights!

WACC vs. IRR: Key Differences Explained ?? Understanding the difference between?WACC?and?IRR?is key for anyone diving into finance and investments. Here’s a quick breakdown: IRR (Internal Rate of Return) = The rate that makes a project's NPV = 0. It discounts the project's future cash flows to today. It’s the potential return on your investment. WACC (Weighted Average Cost of Capital)?= The average rate a company pays for debt and equity. It’s the “cost of money” to fund a project or investment. The Key Takeaway: IRR?shows how fast your investment could grow. WACC?tells you how much it costs to fund that investment. When?IRR > WACC, the project is typically a go—indicating higher potential return than the cost of funding. Always compare IRR to WACC when evaluating projects. A higher IRR than WACC signals profitability! Want breakdowns like this in your inbox? Subscribe here: https://lnkd.in/er6aDSdd

In this week's Deal Talk newsletter, we're diving into Hyatt's strategic move to acquire Playa Hotels & Resorts for $2.6 billion. TLDR: Hyatt is doubling down on luxury all-inclusive resorts, paying a 40.5% premium for Playa's 24 properties across Mexico, Jamaica, and the Dominican Republic. The deal strengthens Hyatt's position in high-growth leisure markets following their 2021 Apple Leisure Group acquisition. Key insights from our analysis: ? 9.2x EV/EBITDA multiple based on 2024 projections ? Hyatt plans to sell at least $2B in assets by 2027 to reduce leverage ? The acquisition aligns with Hyatt's asset-light strategy shift What could go right? Enhanced market position and operational synergies. What could go wrong? Regulatory hurdles and potential market volatility in the travel sector. Read the full breakdown: https://lnkd.in/eZw_QebG The Deal Talk is put on by the team at HirePrep, an AI powered interview prep platform built for high finance. We're launching soon—give us a follow to stay in the loop.

When I was going through the IB recruiting process, I realized something: interview prep was broken. The resources available weren’t as helpful as they could be, especially given what’s possible with technology. So, I built my own solution, an initial prototype of HirePrep, and used it to prepare for interviews. I landed an offer. But instead of taking the job, I turned it down to go all-in on building HirePrep so other students could have an edge in high-stakes interviews. Fast forward to today, we’re about to launch V1 of the platform, and are looking for entrepreneurial students to help lead our expansion at their schools. With that said, I'm excited to introduce the Campus Co-Founder program! We’re selecting one student per university to be the face of HirePrep on their campus. This is a real business development role where you’ll: ? Introduce HirePrep to student organizations, career centers, and finance clubs ? Lead marketing, outreach, and networking efforts ? Host events, drive sign-ups, and earn a commission on every student or club you bring in ? Work directly with me and our team to scale HirePrep I designed this program to be an opportunity that I would have jumped at. It revolves around flexibility, entrepreneurial freedom, and the ability to earn based on results. Sound interesting? Learn more and apply here:?https://lnkd.in/e-H345th

I'm excited to share our latest edition of HirePrep's newsletter, The Deal Talk, where we analyze Warburg Pincus LLC and Berkshire Partners' $3B acquisition of TRIUMPH. This deal showcases private equity's strategic interest in the recovering aerospace sector and highlights Triumph's strong position as a leading components manufacturer Key Highlights: ? Transaction Overview: All-cash deal valued at $3B (including $1.3B net debt) ? Premium Valuation: 123% premium over Triumph's unaffected stock price ? Strategic Rationale: Enhanced flexibility for Triumph as a private company while positioning Warburg Pincus and Berkshire Partners to capitalize on aerospace sector recovery ? Market Multiples: ~16.6x EV/EBITDA Want to dive in? Check it out here: https://lnkd.in/ez4z6hmC

HirePrep's job database tracked 11 new high finance opportunities last week. We're past the initial surge of new applications but based on previous years we're expecting them to pick up again towards the beginning of March. Here's a breakdown of what's currently open at jobs.hireprep.ai: By firm (top 5): ? 207 applications - Goldman Sachs ? 35 applications - J.P. Morgan ? 31 applications - Blackstone ? 31 applications - Houlihan Lokey ? 29 applications - Baird By role: ? 336 Investment Banking applications ? 172 Asset Management applications ? 44 Corporate Banking applications ? 44 Capital Markets applications ? 42 Private Equity applications ? 41 Wealth Management applications Top 5 locations: ? NYC - 372 positions ? Chicago - 55 positions ? San Francisco - 52 positions ? Dallas - 50 positions ? Houston - 39 positions Here's why candidates trust HirePrep's database: ? 4x daily position checks → catch new roles before anyone else ? Free access - no sign-ups or paywalls ? Daily email updates on fresh postings ? Direct links to application pages Check out our live database here: https://jobs.hireprep.ai/

I’m excited to share our latest edition of The Deal Talk, where we unpack Allstate’s $1.25B sale of its Group Health business to Nationwide. This deal highlights a shift in strategic focus for both organizations and could reshape the employer stop-loss market in a big way. Key Highlights ? Transaction Overview: Allstate divests its Group Health unit for $1.25B in cash ? Strategic Rationale: Allstate streamlines core operations; Nationwide amplifies its footprint in employer-sponsored health coverage ? Financial Impact: $450M book gain for Allstate and $900M in deployable capital, while Nationwide strengthens its insurance portfolio In this edition of The Deal Talk, we explore the strategic context, financial implications, and what this could mean for future industry consolidation. Want to dive in? Check it out here: https://lnkd.in/egWRfrmH Shoutout to our M&A research team for another great report - Jeffrey Tong and Tanush Sawhney!