MacDailyNews Take: There’s a reason why Bono was recently named the worst investor is the U.S. This is a guy who was flying along aboard Secretariat, but inexplicably jumped off onto a nag bound for the glue factory.
Quinn continues, “Bono’s private equity venture, Elevation Partners, owns an approximate 30pc stake in Palm, having invested $460m in the struggling handset maker in 2007 and 2008. The H-P deal values Palm’s equity at $961m – the rest of the deal price is debt – meaning Elevation’s stake will be worth roughly $320m.”
Full article here.
MacDailyNews Take: Better book some more BlackBerry commercials, Paulie.
BTW, has anyone ever seen Bono and Robin Williams in the same place at the same time?