This morning First Read brings you the latest on a Sequoia partner departure, those myths surrounding the Euro venture industry, an update on Indian private equity and why the million dollar club is a preferred investment stage for many VCs.

The Federal Trade Commission has approved a Sony-led consortium purchase of EMI Music Publishing, without having to make any divestitures, the FTC said on Friday. Sony, with Blackstone, Abu Dhabi’s Mubadala Development Co, Raine Group and music and film mogul David Geffen, won the bidding for EMI Publishing last year, writes Reuters. (Reuters) – The [...]

This morning’s First Read takes a look at who’s still active in the early stage biotech space, Sony’s move into the cloud and five years of iPhone reviews.

The Saga Continues: More fallout at UBS over trading gaffe

Seeking Oversight of cheetah traders

Might As Well Make a Movie out of That, Too! Michael Lewis backs #OccupyWallSt

Going Long: Going wrong. Embarrassing emails over Solyndra emerge

How Do You Solve a problem like Lebanon’s Internet issues?

Sounds About Right: Investors pleased with Netflix rate hike, users, not so much

That, and a Whole Lot Else: 247Wallst.com asks whether Sony should 86 the e-reader biz

Bad News Borders: The bankrupt bookseller may have to liquidate

Dealing! PE pros pile into Philly 76ers

Happy Anniversary! Fears of another flash crash linger, while futures are nice enough to point up on the one year anny of the stock debacle

Getting Paddled: Finance pros duke it out at the ping pong table

Bidding Big: JC Flowers looks to buy Compagnie Europeene de Prevoyance

This year is the year of the tablet computer at CES …and the year the war broke out among makers of tablet operating systems. The question I have is whether the chaos and conflict will create opportunities for startups. Most every major consumer electronics vendor has been talking up iPad-like tablets at the nation’s largest [...]

FRANKFURT (Reuters) – Sony Music (6758.T) said it is considering a bid for ailing British rival EMI [LNDONE.UL] on Sunday, while its main rivals deny any interest or decline to comment on their intentions . “We are in a position that allows us to seize every opportunity in the market – including EMI,” the head [...]