Confirming reports circulating around the Web this week, MySpace said Tuesday that it would acquire iLike, a popular music application for social networks that lets users share playlists and make song recommendations.
Private Equity Hub (peHub) is an interactive forum for the private equity community, which includes venture capitalists, buyouts professionals, attorneys, bankers, entrepreneurs, MBA candidates studying PE, and assorted hangers-on.
Following the example of Eddie Bauer, orphaned brands are poised to receive a breath of new life from private equity players and corporate buyers, BusinessWeek writes.
Calpers lost nearly $60 billion in the financial markets last year, which means it has a serious long-term shortfall. Joseph A. Dear, the fund’s new invesment head, thinks the cure is in hedge funds and beaten-down private equity.
It is the hot new thing on Wall Street, a way for traders to master the stock market, peek at investors’ orders and, critics say, subtly manipulate share prices. It is called high-frequency trading — and it is one of the most …