The casino operator said it has terminated its $6.1 billion sale to two private equity firms, after agreeing that completing the deal would not be possible without a lengthy litigation process.[...]

ScS Upholstery, the sofa retailer, has become the latest British victim of the credit crunch as it was put into administration today and its trading arm sold in a private equity deal.[...]

Landmark Communicationsis expected to announce the sale of The Weather Channel to a group made up of NBC Universal, Blackstone Group and Bain Capital within two days, Reuters reported citing unnamed sources. The final price on the cable network is expected to be between $3 billion and $3.5 billion, Reuters [...]

Andrew Ross Sorkin's article about Steve Schwarzman and FAS 157 is the gift that keeps on giving. First Barry Ritholtz took a swipe, then Jack Ciesielski attacked it forensically from a professional accountant's point of view, and now Gari has taken the rabid I'm-not-an-accountant approach, which might not be as [...]

The auction for Huawei's mobile device division is boiling. According to the Financial Times, Bain Capital, Kohlberg Kravis Roberts, Silver Lake and a Goldman Sachs private equity unit are safely through to the next round. Meanwhile, TPG, the Carlyle Group and the Blackstone Group either did not bid or failed to make it to the next [...]

The retreat of private equity firms from the global buyout stage and lower valuations thanks to slumping stock markets are helping smooth the way for outbound acquisitions from a country with a checkered history of making deals.[...]