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Bailey McCann, Opalesque New York:

After traversing one of the more unique political and financial career paths of recent memory, Anthony Scaramucci is set to return to SkyBridge, a fund of funds he founded after a buyout deal with Chinese conglomerate HNA fell through.

The Wall Street Journal first reported news of the deal's demise this afternoon. Regulators were likely to approve the deal which has been in limbo for more than a year, but some concessions would have to be made. However, no outcome was certain and both parties are reported to have decided to just move on.

The two firms are likely to strike a partnership deal instead. As Opalesque previously reported SkyBridge was interested in HNA as a buyer in order to expand its Asian footprint. A partnership could still help the firm make headway in Asian markets.

Scaramucci originally sold his stake in SkyBridge in an effort to avoid conflicts of interest while he was under consideration for several different roles within the Trump white house. Ultimately, he would serve a brief term as White House Communications Director.

According to a Bloomberg article, analysts said the deal, which valued SkyBridge at more than 7 times EBITDA, or earnings be......................

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