Mega-deals such as these are an indication of just how serious the quest for African oil has become.

FORBES: In Pursuit Of Elephants

But what if the industry, instead of continuing to waste all that money in mega-deals and duplicated effort, decided to revamp its intellectual property (IP) structure?

FORBES: Big Pharma Failures Light the Way to Change

Increasingly, big funds are banding together to chase mega-deals.

ECONOMIST: Buy-outs are booming. Why?

That is true of Wu's other mega-deals.

CNN: HANGING ON AT HOPEWELL

Now 37, Oliver drops in on his half-brother a few times a year while scouring the globe for mega finance deals on which he can give advice as joint global head of UBS Investment Bank's Financial Institutions Group.

FORBES: Magazine Article

Now 37, Oliver drops in on his half-brother a few times a year while scouring the globe for mega finance deals on which he can give advice as joint global head of UBS (nyse: UBS - news - people ) Investment Bank's Financial Institutions Group.

FORBES: The Other Sarkozy: Big Apple Dealmaker

Though calling it a local deals business in a mega-city like Beijing, for example, is a little bit of a misnomer, Chao says.

FORBES: RenRen Investor David Chao On The Third Internet Wave

Studz spent freely on new hires, building up mega negotiating teams that helped advise on deals like e.on's bid for Spanish utility Endesa and billionaire Lakshmi Mittal's takeover of European steelmaker Arcelor.

FORBES: Magazine Article

Studz spent freely on new hires, building up mega negotiating teams that helped advise on deals like e.on's bid for Spanish utility Endesa (nyse: ELE - news - people ) and billionaire Lakshmi Mittal's takeover of European steelmaker Arcelor .

FORBES: Better Safe Than Sorry

For the mega-funds such as Blackstone and Carlyle, finding good deals also means finding sizeable ones that are worth their while.

ECONOMIST: Buy-outs are booming. Why?