Activist investors are back and flexing their muscles again after fading into the background during the credit crisis, though they are now dependent on cutting deals with big institutions to get their way.
As technology giants and private equity firms look for potential acquisition targets, customer relationship company Convergys may spark renewed interest, several sources familiar with the situation said.
Putin and Medvedev, Gazprom and Rosneft: the key players in Russia tend to come in pairs. Now state banks Sberbank and VTB are set to strengthen their duopoly as Russia’s financial sector emerges from crisis.
Reuters columnist Felix Salmon discusses the relevancy of exchanges with Andrew Ross Sorkin.
“Top venture-capital firms including Accel Partners and Kleiner Perkins Caufield & Byers are riding the frenzy around companies like Facebook Inc. and Groupon Inc. to raise billions of dollars in new funds, even as the rest of the venture industry struggles to gather money,” reports the Wall Street Journal.