The WSJ reports:
Western multinationals may have pioneered cross-border mergers, but the latest chapter in globalization is being written by a new breed of deal makers from places like Russia, China, Brazil and the Mideast with an appetite for acquisitions in the developed world...The recent deals mark a fundamental change from only a few years ago, when nearly all the investment flow went from the developed world to the developing one. This year could be on pace to be the first ever in which companies and investment funds based in developing countries spend more on mergers and acquisitions in the developed world than vice versa.
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