WAMU 88.5 - American University Radio | The Mind Is Our Medium
Now Playing

Why Steinway Is Likely To Be Sold To A Hedge Fund Manager

Steinway Musical Instruments is on the auction block and a mystery bidder, rumored to be hedge fund manager John Paulson, appears to have the winning bid at $458 million. Ilya Marritz explains why the fairly healthy company is seeking a buyout in the first place.