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PE HUB Second Opinion

In Second Opinion, Facebook is planning on building a $500 million data center in Texas, police raid the home of Subway pitchman Jared Fogle and Horizon Pharma makes a hostile $2.1 billion bid for Depomed.

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Private equity sheds few tears over Greek tragedy

The drama unfolding in Greece hasn’t captured the attention of private equity, which has little exposure to the financially troubled country. Still, some investors are looking for chances to buy assets on the cheap.

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PE HUB First Read

First Read kicks off your morning with news that Saudi Arabia will be investing $10 billion in Russia, Uber seeks police protection in Johannesburg and Bill Cosby admitted in a 2005 deposition that he got drugs to use on women he wanted to have sex with.

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PE HUB Second Opinion

In Second Opinion, Reddit’s interim CEO Ellen Pao apologizes for recent controversial moves, Amazon launches “Prime Day” sale next week and American Apparel is closing stores and laying off workers.

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PE HUB First Read

First Read starts off your week with news that Greece’s finance minister quits after the country rejects a bailout deal, the U.S. women’s soccer team wins the World Cup and Aetna will acquire Humana for $37 billion.

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VC-backed IPOs rebound in second quarter

VC-backed IPO activity rebounded in Q2, as 27 companies raised $3.4 billion in proceeds, according to a report from the National Venture Capital Association and Thomson Reuters. But M&A activity slumped despite LinkedIn’s purchase of Lynda.com.

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Sodhani to leave Intel Capital

Intel Capital President Arvind Sodhani will retire in January, ending a 34-year career with parent company Intel, including 10 years at the chipmaker’s venture investing arm, Intel said Thursday.

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PE HUB Second Opinion

In Second Opinion, BP agrees to make a $18.7 billion settlement for the 2010 Deepwater Horizon oil spill, unemployment falls to its lowest levels in seven years and “Sesame Street” fans say goodbye to Maria. Actress Sonia Manzano, who has been playing her on the show for 44 years, is retiring.

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PE HUB First Read

First Read ushers in your morning with news that Hewlett-Packard formally files plan to split up, PayPal said it will acquire Xoom for $890 million and Fannie Mae and Freddie Mac CEOs to get $3.4 million raises despite White House objections. Have a happy July 4th!

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