Invasion Of The Asian Bargain Snatchers

Asia's cash crisis is sparking a frenzy of mergers and acquisitions

Asia had never been a priority for Prince Alwaleed bin Talal. The Saudi investor, who has accumulated a net worth of $11 billion in deals from New York to Beirut, considered dozens of potential investments in Asia over the years, but he always balked. "Valuations were just too high," he says. "It was crazy."

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