4 ms·

sounds like they would have been buying a minority holding through a TPG fund, and every investor doesn't have access to all the data and tech. so it depends...

sounds like they would have been buying a minority holding through a TPG fund, and every investor doesn't have access to all the data and tech. so it depends...if a Chinese entity buys Boeing or Lockheed through an S&P fund it's not exactly a big deal

jacquesm 10y ago
They're not buying these shares through a fund on the open market but in one large chunk from a direct shareholder. Why assume they'd stop at a minority interest? A Chinese equity buying a sizeable chunk of equity in Boeing or Lockheed would be a huge deal, comparable to the Aixtron acquisition (German chipmaker, deal got blocked by Obama administration on national security grounds). Ditto for Fairchild and Philips. The Chinese directly or indirectly trying to gain a sizeable chunk of a company like Palantir is not just any old stock transaction, it is a strategic acquisition.
- RockyMcNuts 10y ago
  well, I wouldn't be OK with the Chinese owning an interest in Palantir that gave them insider access, fair enough, but the story is super light on details, including Abramowitz's role, why they fell out, why Jamie Dimon was going to get involved (must have felt they were out of line and there was an important issue involving important people). If the China angle is an issue, then should it be an issue when Palantir gives immigration agents access to CIA files, ergo is involved in arbitrarily denying visas, ergo de facto building the 'Muslim registry'? https://theintercept.com/2017/03/17/palantir-enables-immigration-agents-to-access-information-from-the-cia/ https://theintercept.com/2017/03/17/palantir-enables-immigra... http://www.voanews.com/a/african-trade-conference-canceled-after-visas-denied-african-delegates/3770907.html http://www.voanews.com/a/african-trade-conference-canceled-a...
  - jacquesm 10y ago
    Yes, Palantir is complicit in all kinds of bad stuff. That doesn't mean you should treat their ownership lightly.
  - hendzen 10y ago
    Jamie Dimon was going to get involved because the buyer of the shares was Highbridge Capital, a hedge fund owned by JPM.
    - RockyMcNuts 10y ago
      Highbridge isn't normally going to get Jamie Dimon involved in routine business disputes for relatively modest amounts of money. He's got to run around Davos, wrestle whales and whatnot. You get Jamie Dimon involved when you want to put someone or everyone associated with the deal in JP Morgan's global double secret probation penalty box. Seems like there is a missing piece of the puzzle.

jacquesm 10y ago

They're not buying these shares through a fund on the open market but in one large chunk from a direct shareholder. Why assume they'd stop at a minority interest? A Chinese equity buying a sizeable chunk of equity in Boeing or Lockheed would be a huge deal, comparable to the Aixtron acquisition (German chipmaker, deal got blocked by Obama administration on national security grounds). Ditto for Fairchild and Philips. The Chinese directly or indirectly trying to gain a sizeable chunk of a company like Palantir is not just any old stock transaction, it is a strategic acquisition.

RockyMcNuts 10y ago
well, I wouldn't be OK with the Chinese owning an interest in Palantir that gave them insider access, fair enough, but the story is super light on details, including Abramowitz's role, why they fell out, why Jamie Dimon was going to get involved (must have felt they were out of line and there was an important issue involving important people). If the China angle is an issue, then should it be an issue when Palantir gives immigration agents access to CIA files, ergo is involved in arbitrarily denying visas, ergo de facto building the 'Muslim registry'? https://theintercept.com/2017/03/17/palantir-enables-immigration-agents-to-access-information-from-the-cia/ https://theintercept.com/2017/03/17/palantir-enables-immigra... http://www.voanews.com/a/african-trade-conference-canceled-after-visas-denied-african-delegates/3770907.html http://www.voanews.com/a/african-trade-conference-canceled-a...
- jacquesm 10y ago
  Yes, Palantir is complicit in all kinds of bad stuff. That doesn't mean you should treat their ownership lightly.
- hendzen 10y ago
  Jamie Dimon was going to get involved because the buyer of the shares was Highbridge Capital, a hedge fund owned by JPM.
  - RockyMcNuts 10y ago
    Highbridge isn't normally going to get Jamie Dimon involved in routine business disputes for relatively modest amounts of money. He's got to run around Davos, wrestle whales and whatnot. You get Jamie Dimon involved when you want to put someone or everyone associated with the deal in JP Morgan's global double secret probation penalty box. Seems like there is a missing piece of the puzzle.