The Goldman question

It’s getting harder and harder to be Goldman Sachs. The investment bank has achieved unrivalled success as both the top mergers advisor and a leading private equity investor. But these roles have become increasingly difficult to reconcile. The $12bn auction for Spanish language broadcaster Univision highlights the problem. The Univision sale is the hottest ticket on Wall Street. Because of foreign ownership restrictions and a lack of interest from rival US media firms, it’s shaping up to be one ...