Chief Executive Rupert Murdock announced his company was finalizing an agreement with several partners led by powerful private equity firm International Data Group (IDG), to launch a localized version of the popular MySpace.com. in China.
At one panel, I listened as two big-time property developers Starwood Capital Group's Barry Sternlicht and Equity International's Sam Zell were almost apologetic for how easy it is to raise money in the current environment.