November 13, 2005/New York TIMES Dealbook The Great Global Buyout Bubble By ANDREW ROSS SORKIN
-clip- Private equity firms, it seems, now own everything: Hertz, Neiman Marcus, Metro-Goldwyn-Mayer, Toys "R" Us and Warner Music, to name a few. So far this year, buyout firms have spent more than $130 billion gobbling up parts of corporate America. And with more than another $100 billion in unspent money this year still swirling around the industry, there is a lot more buying to be done. The boom isn't limited to America: in Britain buyout firms own so many companies that they now employ 18 percent of the private sector, according to the British Venture Capital Association. ^^^^^^ CB: How do we organize a class struggle front against buyout firms ?
