AI Fears Lead to Pulled Deals, Hung Loans, Short Bets for Software Firms
An existential threat to software companies puts their debt into distress
This article is for subscribers only.
Welcome to The Brink. We’re Giulia Morpurgo and Luca Casiraghi, reporters in London and Milan following the existential threat to software companies play out in the debt market. We also have news on the changing fortunes of dating site Bumble and bankruptcy demands on the sons of David Barclay. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Fears of AI disruptions are hitting software companies worldwide. Prices of their debt are falling in secondary markets, while some deals on the primary block are being put on ice.