PE HUB First Read

Bill Ackman’s Pershing Square is down 26.4 percent from toxic Valeant.

Apple signs deal with Google Cloud Platform, reducing its reliance on AWS.

Vista Equity sets a $10 billion upper limit for its sixth flagship fund, reports the WSJ.

Living Social is laying off 160 people over the next two months.

Bain Capital is said to be paying $150 million to take control of a China-focused hospital operator.

Chinese mining company Shandong Hongda is set to acquire computer games developer Jagex, which is backed by Insight Venture Partners, in a $300 million deal.

Nasdaq looks outside of China for Asian unicorns.

North Korea sentences UVA student to 15 years of hard labor in prison.

New York’s Plaza Hotel is up for sale in a foreclosure auction.

Equipped with tiny backpacks, a group of pigeons is flying around London measuring and live-tweeting air pollution levels.

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