August — officially slow

This won’t be a revelation to private equity bankers — but August was officially quiet for deals.
The summer month typically marks a dearth of transactions as bankers head out to the beach, but last month was exceptionally slow.
The dollar value of deals involving private equity sank to the lowest for four years, $21.7 billion globally […]

Cram School Confidential: Korean Students Becoming World’s Best

I saw a lot of amazing things on my recent trip to Seoul, Korea. In addition to interviewing President Lee at the Blue House and touring the DMZ, I also got to experience another culture.One of the most incredible

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One for the road

Belgian brewer InBev is planning to sell its Korean beer business, Oriental Brewery, sources said on Tuesday, allowing it raise up to $2 billion for its planned $52 billion for its takeover of Budweiser brewer Anheuser-Busch Cos. InBev, set to become the world’s largest brewer after the deal, has said it was considering the disposal […]

Report: Treasury Will Inject Capital Into Fannie, Freddie

“Here comes the official government bailout of Fannie Mae and Freddie Mac. “That was my first reaction to The Wall Street Journal’s story late Friday declaring: “The Treasury Department is close to finalizing a plan to help shore up mortgag

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Cheerleader Support

Turns out, Korea Development Bank is in talks with Lehman Brothers - but now, after the government threw cold water on prospects for a solo KDB investment, the question has become which local bank will be partnered up with the state-run bank for this bold investment. KDB was to be a “cheerleader” rather than the […]

Can the Valley and Hollywood Finally Play Nice?

Silicon Valley powerbrokers can stare down old economy CEOs without flinching. But put them in front of celebrities and like anyone else they go a bit gaga. That’s lead to poor celebrity backed investments in past years. Like this

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Getting online in Europe

With tens of billions in the bank collecting dust since its failed bid for Yahoo, and the elusive promise of the Internet still beckoning, Microsoft returned to the market for Internet search businesses with a $486 million purchase of Greenfield Online, the U.S.-listed owner of European price comparison website ciao.com. The buy is meant to […]

Crumbling Commodities and Games Hedge Funds Play

(I took a step back from video reporting today to take a closer look at commodities and the closure of Ospraie’s main fund. I was introduced to Ospraie’s founder Dwight Anderson back in early 2000, when scant few on Wall Street cared about anythi

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