Mubadala in $1B Talks for Batista’s Assets

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Aug. 13 (Bloomberg) -- On today's "Global Outlook," Matt Miller reports on Mubadala in $1 billion talks for Eike Batista’s assets. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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a brazilian billionaire put some of his assets up for sale.

It is time for a little brazil discussion with matt miller.

That talk about who is buying, who is selling,. i was beginning to bloomberg's editor billionaire.

This is one of the most interesting stories i think that has ever come out of a billionaire.

He was worth $34 billion and change last month.

He was worth $34 billion in change.

All of a sudden his word less than a billion dollars.

-- worth less than a billion dollars.

A sovereign wealth fund had a big investment in his company.

It was an equity investment of sorts that could be converted into a loan if they wanted to.

All of a sudden they felt after his oil company company did not make its production goals they would prefer to have a loan instead.

They converted it.

All the holdings dropped.

They are in talks with him to buy stakes in a few of his companies.

Ogx petroleo and olx logistica.

Trish, you have seen the port as well.

Batista's stake is about to be $1.8 billion.

He knows owes them more money than that.

They arty hold a stake in his aux gold business.

This is shocking.

This man was worth $35 billion.

On paper.

He was trying to take it up to $100 billion.

He was aiming to be the richest man in the world.

He was funding a lots of his investments with money borrowed and other investments so when the value of one company lfell the others dropped with it.

It is disappointing for brazilians because he is like a legend in brazil.

He is almost the donald trump.

People kind of take him tongue- in-cheek.

Imagine if a donald trump or

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