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by CareyBot

Bono, the lead singer of rock group U2, and Fred Anderson, former executive vice president and chief financial officer for Apple Computer, are part of a team that now has a vested interest in Homestore, a company that operates home-search Web sites including Realtor.com and HomeBuilder.com. Homestore announced today that Elevation Partners, a private equity firm, has agreed to invest $100 million in the company in the form of convertible preferred stock. Anderson is a managing director and co-founder of Elevation Partners, and the firm's leadership also includes Bono; Marc Bodnick, a founding principal of Silver Lake Partners; Roger McNamee, a co-founder of Silver Lake Partners and Integral Capital Partners; Bret Pearlman, a former senior managing director of The Blackstone Group; and Jo...