Deals wrap: Dodgers strike out
The Los Angeles Dodgers filed for bankruptcy protection, blaming Major League Baseball for refusing to approve a television deal with News Corp’s Fox Network to give the financially strapped baseball team a quick injection of cash.
The WSJ’s DealBook reports the best part of the filing is who the Dodgers owe money to. Manny Ramirez is owed $21 million.
London Stock Exchange boss Xavier Rolet faces a crucial test this week as TMX Group owners vote on their planned merger with the LSE — a deal on a knife-edge that is likely to define his tenure.
Green is back in venture capital circles — but call it light green. Most venture investors are now shying away from clean-tech companies that require huge amounts of capital, Nichola Groom and Sarah McBride report.
Snatching up a well-managed and profitable solar company, however, has crept up the agenda of every global energy player trying to expand its solar portfolio in a post-Fukushima world.
More Asian hedge funds are hiring executives to police rapid-fire computer trades and nimble bets made by portfolio managers, with the goal of enticing some of the billions of dollars that institutions are looking to invest.