Reuters News
(Reuters) – On paper, Groupon Inc appears to be a juicy target for short sellers: it loses money, it has changed its accounting twice, and its unproven business model faces competition from Google and Amazon. But the shorts may have to wait as betting against the daily deals website is just too expensive right now […]
(Reuters) – Private equity company Permira said the sale of a 6.4 percent stake in Hugo Boss did not mean it was starting a process to exit the German fashion house. The Red & Black holding company, controlled by Permira, sold 4.5 million preference shares in Hugo Boss via an accelerated bookbuilding process at 68.25 […]
(Reuters) – Groupon Inc is trying to grab a much larger share of consumers’ holiday spending this year following the biggest daily deal company’s initial public offering. Groupon launched its first holiday shopping push last year. Grouponicus, as it is known, offered discount deals in 15 cities last year. This year, Grouponicus will target 41 […]
(Reuters) – Vivendi’s Universal Music Group and Sony won the auction for EMI’s recorded music and music publishing operations on Friday, trumping bids by archrivals Warner Music Group and BMG Music Publishing at the 11th hour. Universal said it would buy EMI’s recorded-music unit for $1.9 billion, while two people familiar with the matter said […]
(Reuters) – Private equity firms including KKR and TPG Capital are looking to potentially buy minority stakes of up to 20 percent in Yahoo Inc with an eye to eventually taking over the whole company, people with knowledge of the situation said. These buyout firms have signed confidentiality agreements with Yahoo and could be willing […]
LONDON, Nov 10 (Reuters) – Kazakhstan is looking at widening participation in its privatisation programme to international investors, the deputy chief executive of the country’s sovereign wealth fund Samruk-Kazyna said on Thursday. The central Asian country’s President Nursultan Nazarbayev, in power for two decades, had promised at the start of this year to hold “a […]
(Reuters) – Private equity firm TPG Capital has teamed up with two energy industry veterans to form a new venture with an initial capital of up to $1 billion to buy and run conventional natural gas-producing assets in North America. U.S. natural gas prices have remained depressed for the last two years due to surging […]
(Reuters) – Amazon.com Inc’s investment opportunities are under a cloud — and that’s a good thing. Five years after launching its so-called cloud computing service, the biggest Internet retailer is reaping the benefits of what has become a unique window into the technology start-up world. Amazon backed at least four start-ups that are customers of […]
(Reuters) – David M. Rubenstein, co-founder of buyout firm Carlyle, said Asia’s private equity industry will likely rise to challenge U.S. and European dominance of the sector over the next five to 10 years. Rubenstein, who co-founded Carlyle in 1987, said he expects some of China’s current crop of private equity firms to rival U.S. […]
(Reuters) – The maker of the red Solo cup, a plastic tumbler that for years has been a mainstay of American parties and picnics and more recently the subject of a hit country music single by Toby Keith, is exploring a sale. Solo Cup Company, controlled by private equity firm Vestar Capital Partners, is considering […]