Is This Why Leppert Was in China?
Right now, there are some dudes over at the Crescent going, "What the hell did we just invest in again?"
Crescent Court-based Maverick Capital -- which, says here, is "a $10 billion hedge fund" -- has gotten into the online video business. It's done sunk some $30 million into Youku, China's version of YouTube, though with slightly less "Chocolate Rain." Only problem is, the Chinese government isn't high on Youku -- hard to censor, dig? --Robert Wilonsky
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Observer's biggest stories.
- That's It Then: The Cowboys 2015 Season Gets Put Out of Its Misery
Fri., Dec. 4, 7:30pm
Fri., Dec. 4, 8:00pm
Sat., Dec. 5, 12:00am
Sat., Dec. 5, 12:30pm
- The Cowboys' 5 Biggest Thanksgiving Turkeys
- Live From London: Your Holiday Weekend Weather Apocaforecast