Deals wrap: Who’s tuning into RadioShack?
Blackstone Group and TPG Capital are unlikely to continue to pursue a possible bid for RadioShack, two sources familiar with the situation said. The electronics company had a handful of private equity firms circling but interest appears to be waning. * View article
Private equity firms have incentives both to buy and sell right now. Pressure is on to invest billions of dollars raised in 2006-2008 as the end of those funds’ investment periods approach, while funds are also keen to sell or take public existing investments to reward under-pressure investors. * View article
Hedge funds have cut back their bets over a volatile summer for financial markets, worried that big swings in investor sentiment are playing havoc with their carefully-researched trades. * View article
Andrew Ross Sorkin takes a closer look at Playboy and asks, Why should Hefner have all the fun? * View NYT article
In giving its Asia chief executive the chop, AIG may have unlocked two deals. First, the flotation of its AIA division in Hong Kong, which should now go ahead after a false start. Second, an eventual merger between AIA and the Asian portion of its big rival — and recent failed suitor — the UK’s Prudential. * View article