Merrill set to sell Bloomberg stake for $4.5bn

Some interesting news for those who follow the fate of Michael Bloomberg.  It seems the meltdown in the financial sector has allowed him to buy back a big stake of his empire from Merrill Lynch."Merrill Lynch is set to sell its 20 per cent stake in Bloomberg for about...

UBS $15bn deal with Blackrock looks absurd « Peter J. Cooper’s Weblog

Hedge fund Blackrock therefore acquires a $15 billion loan portfolio for an equity payment of $3.75 billion. But the risk of this massive leverage is largely borne by the seller UBS through a loan to fund the acquisition.