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Jun 15, 2016

Bypassing Private Equity to Get a Slice of the Big Deal: DealBook P.M. Edition - June 15, 2016.

Wednesday, June 15, 2016
Bypassing Private Equity to Get a Slice of the Big Deal So-called emerging buyers are becoming involved in deals on their own, without paying fees to private equity firms, but the risks are higher.

  • NYT »
    Janet L. Yellen, the Federal Reserve chairwoman, at Wednesday's news conference. The Fed is struggling with tepid economic growth and weak inflation.
    Fed Holds Interest Rates Steady and Plans Slower Increases The central bank, which entered the year planning to raise rates four times, has scaled back those plans as economic growth has disappointed expectations.
    Britain's chancellor of the Exchequer, George Osborne, center, with Jamie Dimon, chief executive of JPMorgan Chase, seated behind him, spoke about the referendum in Bournemouth, England, this month.
    'Brexit' Plan for the Financial World? Cross Your Fingers As the odds increase that Britain will leave the European Union, major banks and policy makers are trying to plan for potential market panic.
    Visium Hedge Fund Managers Charged With Insider Trading Two Visium employees were accused of trading on confidential information provided by a former F.D.A. employee, who was also charged in the case.
    Paul Krugman: Bondage Fantasies at the WSJ It's always the government's fault.
    Upshot: European Interest Rates Are Not as Low as They Look Negative rates may seem strange, but when adjusting for inflation, companies are still not getting cheap loans.
    A sign in the sidewalk outside the New York Stock Exchange.
    Upshot: Are Financial Markets Too Complacent About the Global Economy? Despite plenty of reasons to reflect anxiety, they've remained fairly calm.
    Breakingviews: A FanDuel-DraftKings Merger Might Be Worth a Chance There would be some obvious savings from turning two daily fantasy sports sites into one big one.
    Buzz Tracker
    New Hedge Fund Gets the Michael Milken Touch Executives who have been managing more than $2 billion for Mr. Milken's family investment office have transformed the firm into a hedge fund and are beginning to woo outside investors, according to securities filings and people close to the matter.
    China's Tencent Nears Deal for 'Clash of Clans' Maker Supercell The deal values the Finnish maker of the "Clash of Clans" mobile game at more than $9 billion, said people familiar with the matter, and could make the Chinese internet giant a global powerhouse in the online mobile game industry.
    FireEye Said to Have Rebuffed Takeover Offers The cyber-security company rebuffed takeover proposals from multiple parties earlier this year after hiring Morgan Stanley to field interest, according to people with knowledge of the matter.
    Borrowed Time for Uber Uber and its rivals are paying for their escalating price wars with money they've raised in debt and equity markets.
    How Yahoo Derailed Tumblr During a meeting, one engineer made a GIF of David Karp, Tumblr's founder, fiddling with his phone while Marissa Mayer, Yahoo's chief executive, talked on the screen overhead. He was Photoshopped to be eating while she talked.
    Bill Ackman Brings Herbalife Documentary to the Hamptons "We think of the Hamptons as finance, but the amount of people who are out there who actually work in the industry is not that huge," said the artistic director of the Hamptons International Film Festival SummerDocs series. "I'd be surprised if more than 40 in that screening work in the finance industry."
    Labor Department to disclose consumer prices. On Thursday, at 8:30 a.m., the Labor Department will release data on consumer prices in May. Economists are expecting to see a 0.3 percent increase in overall consumer prices, with a 0.2 percent rise in the less volatile core Consumer Price Index. Inflation remains tame, with a likely increase in May driven, in part, by higher gasoline prices. Nelson D. Schwartz

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