Hilton goes private

The hoovering up of all the world's assets by private equity firms continues, with Blackstone buying up Hilton to add to, erm, La Quinta.

Extrapolating, Hilton Hotels are now 10% owned by the people who bought you the Tiananmen Square massacre. Whether you find this more or less comforting than having your holiday fund Paris Hilton's lifestyle is a matter between you and your conscience.