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Why did Blackstone agree to go through this shady guy rather than just make the deal themselves? What does he bring to the deal?
by pgcudahy 12y ago
Why did Blackstone agree to go through this shady guy rather than just make the deal themselves? What does he bring to the deal?
- adamio 12y agoI suppose they need someone with a clean name to run the company. And he's probably also serving as an abstraction layer between them and online gambling issues.
- charlesdm 12y agoWhy wouldn't they? They might not have been able to get the deal on their own, nor did they necessarily have the right experience or a CEO ready to run it. Don't forget, there is _a lot_ of capital in the world. We're talking trillions. To get the returns Blackstone is after, things need to move fast. It would be foolish to spend 6 months looking for a CEO when a suitable one comes knocking on your door. Especially when he might be the only one who can do a deal.