Thursday, August 9, 2007

NewCo: No Name and $100 million in the bank

From NewTeeVee - It’s a testament to both the madness in the private equity markets and the hype around online video taking place right now that a company without a name, a website or even a clear exit strategy has been able to raise $100 million dollars at a market valuation of $1 billion.

Yes, that’s right, we are talking about NewCo, a joint venture between NBC (GE) and News Corp. (NWS), and their partners that was unveiled back in March. | Read full article

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