peHUB First Read

* Private equity goes gaga for Bollywood.

* Hey entrepreneurs: Make sure to strip out all the notes and comments on your biz plans, before passing them onto venture capitalists. If not, this could happen.

* Two PE groups bid $12 billion to lease the Pennsylvania Turnpike. I hope each offer includes plans to add a breakdown lane.

* Will Clear Channel shareholders snub the sub?

* Delaware has dominated corporate law for nearly 100 years, and it’s not going to give that up quietly.

* Handicapping the WSJ editor search.

* Look Ma: No debt.

* Facebook stresses its independence, as Microsoft makes a new play for Yahoo.

* Wallstrip on Brinks: [youtube=http://www.youtube.com/w/?v=R-l6-Bqiizg]