The public markets are on fire, and private equity is looking to take advantage. Spanish-language broadcaster Univision has been in talks with banks about an IPO. The company is one of the monster deals from the credit-boom era, taken private in 2007 for $12.3 billion by Providence Equity Partners, Madison Dearborn Partners, TPG Capital and Thomas H. Lee Partners.
Meanwhile, two venture-backed tech firms’ IPOs priced above original expectations, showing Wall Street’s hunger for Silicon Valley.
Republicans in the House of Representatives approved a Republican plan to cut funding for food stamps by some $40 billion over 10 years. Not one Democrat voted to approve.
While this year’s hurricane season has been relatively subdued, Hong Kong is being threatened by a super typhoon — the equivalent of a Category 5 hurricane — set to hit this weekend.
Microsoft CEO Steve Ballmer made an impassioned plea to investors yesterday to support his vision for the company’s new focus on “devices and services.”
Finally, NFL coach Andy Reid returned to Philly last night in his new role as head coach of the Kansas City Chiefs, and walked away with the win (with some help from turnover prone Michael Vick). Amazingly, Reid wasn’t booed … or pelted with anything from the stands.
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