12 things that cost more than Bear Stearns
Late Sunday night, JP Morgan Chase agreed to buy cash-strapped investment bank Bear Stearns for $2 a share, or $236 million. Last week, the company was valued at more than $14 billion. This is one of the swiftest corporate falls in history. But just how bad was it? Here's a list of things that cost more than the century-old Bear Stearns.
- The latest winning Powerball jackpot: $275 million
- The salaries of the six cheapest Major League Baseball teams: $242.9 million
- Microsoft's investment in Facebook: $240 million
- The Houston Texans football team: $700 million
- Tom Perkins's 289.1' sailing yacht Maltese Falcon: up to $300 million
- Russian billionaire Roman Abramovich's forthcoming 482.6' motor yacht, the Eclipse: $300 million
- David Beckham's contract with the Los Angeles Galaxy: $250 million
- IM startup Meebo's desired valuation: $250 million
- Alex Rodriguez's contract with the New York Yankees: $275 million
- A brand new Airbus A380: $319 million
- The most expensive building ever sold — 666 Fifth Avenue, New York City: $1.8 billion
- The divorce settlement Heather Mills wanted from Paul McCartney: $250 million (Photo by AP/Mark Lennihan)