peHUB First Read

Some links to kick off your Friday:

* CalPERS has sold a legacy portfolio of private equity fund interests valued at around $3 billion, to a group of secondaries buyers. The pension giant had retained UBS last year to manage the sale.

* Mike Arrington says today is D-Day (decision day) at Yahoo. Seems they’ve given up hope for a white knight (like Nokia) to save them from the Seattle scourge.

* Fortunoff is the latest buyout-backed bust.

* Chris Flowers is having trouble closing deals, but not raising funds. But if he raises $4 billion from China, what happens to his other LPs?

* Is Bebo being sold for $1 billion? Definitely not, says Kara Swisher. But it is looking to raise cash.

* Boiler room scams are on the rise. Amazing, given the rising price of heating oil… Oh, wait — different type of boiler room.

1 Comment

  • [...] Discussion: GigaOM, Silicon Alley Insider, Google Watch, Techland, Todd Bishop’s Microsoft Blog, Search Engine Journal, Between the Lines, AppScout, Daring Fireball, LiveSide, InformationWeek Weblog, TechConsumer, Electronista, p2pnet, Financial Times, Venture Chronicles, All about Microsoft, Digital Daily, deal architect, The Mac Observer, Valleywag, ParisLemon, Tech Trader Daily, Screenwerk, Search Engine Watch Blog,,, Yahoo! Finance, Data Center Knowledge, PE HUB and Business Week [...]

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