Worst Business Deals of 2007

Worst business deals of 2007 (via Time):

Top 10 Worst Business Deals
http://www.time.com/time/specials/2007/top10/article/0,30583,1686204_1686305_1692095,00.html
1. The Public Invests in Blackstone Group
2. Bear Stearns Cancels Everquest Financial IPO
3. DaimlerChrysler Pays to Unload Chrysler
4. Microsoft Overpays for Facebook
5. Cerberus Abandons United Rentals
6. KKR and Goldman Sachs Break Up with Harman
7 J.C. Flowers Reneges on Sallie Mae
8. Citigroup Sells Cheap to Abu Dhabi
9. Bank of America Sinks $2 Billion in Countrywide Financial
10. Virgin Money Bids for Northern Rock

Related posts:

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  3. IPOs in Q1 2007 Best First Quarter in Seven Years
  4. Business News is Hot in 06/07
  5. Seller Remorse in PE Deals

Comments

  1. Brent Buckner says:

    Presumably those are mostly the inverse of the elements of their list of the ten best business deals of 2007….

  2. Bill says:

    Yeah, why are most of the “best” deals acquisitions, and most of the “worst” deals are sales? I wonder if the Daimler purchase of Chrysler was ever a “best deal”.

  3. Naane says:

    Pretty much any article beginning ‘The Top 10 Worst’ is probably going to be a good read.
    Shame about the rest of the Top 10 lists which are a travesty of obviousness and obtuseness. The overpriced fashion accessory and occasional communications device the iPhone is of course the top gadget. The list of the top 10 websites reads like someone’s LSD-influenced Web 2.0 Dreamland.
    Best of all is the choice of Halo 3 as the best computer game of the year – the second word of the title tells you you need to know about that one, a tired expansion to a mediocre franchise on an unsuitable platform. Meanwhile, Bioshock – surely the most disturbing exploration of the philosophy of Ayn Rand set in an early-60s underwater city where easy listening records play in the background as society matrons driven insane by genetic self-experimentation insult your class while beating you with lead pipes ever to be created – comes 5th. (If that preceding overly long sentence doesn’t make it clear, Bioshock has a claim to being the best game of all time, let alone 2007, and is a single-handed rebuttal to the idea that computer games are mindless murder simulators for children.) It was probably too much work to find someone in TIME’s offices who actually played computer games.