Crazy Mogul Tom Cruise has the bull by the horns, as it looks like Merrill will have to pony up $500mm to Cruise's United Artists because it couldn't find anyone batty enough to go in with Cruise on the deal. From DealBook:
Merrill Lynch may end up becoming a full partner in Tom Cruise’s United Artists, according to The New York Post. The Post reports that negotiations between Merrill Lynch and UA over a $500 million film-financing package are being held up because the investment bank is having trouble finding a partner for the equity portion of the deal and the bank may end up putting up the cash itself.
A song Stan O'Neal probably has on loop right now, sung by Troubadour Mogul Jonathan Coulton:
Merrill May Partner Up With Cruise’s United Artists – [DealBook]
-- KEITH HAHN