Asia's Age Of The Deal

As Asia's debt crisis bites, old barriers to cross-border mergers are crumbling

Asia had never been a priority for Prince Alwaleed bin Talal, the Saudi whose $11 billion net worth makes him one of the world's most powerful investors. Although he looked at dozens of situations in Japan, Korea, and elsewhere, he always came away with the same judgment: "Valuations were just too high. It was crazy."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.