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January 30, 2007

Bono's pretend invasion of Venezuela

By Daryl Montgomery and Jack Kemp

In a Bloomberg News Service article on Bono which ran in yesterday's New York Post, aside from a rehash of Bono's moving his business to the Netherlands for tax purposes, an interesting tidbit emerged:

 'What's more, Bono's foray into private equity, via Menlo Park, Calif.-based Elevation Partners LP, has clashed with his ideals at times.

Elevation's first investment was a stake in two video-game companies, Edmonton, Canada-based BioWare Corp. and Los Angeles-based Pandemic Studios LLC. BioWare makes a war game called "Destroy All Humans 2." Pandemic's catalog includes a war game called "Mercenaries 2: World in Flames," depicting a mercenary invasion of Venezuela.'
Bono probably knew nothing of the video games this company produced. What will be interesting to see is if he disinvests from these two game makers.

(Jack Kemp is not the former politician of the same name.)
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