Reuters News

(Reuters) – Top executives at private equity funds said on Tuesday that the time was ripe to take greater risk in Asia, encouraging an annual conference here to invest in distressed debt opportunities and small to mid-sized companies. “When people are not investing is the best time to invest, when people are not taking risks […]

(Reuters) – Eastman Kodak said it sold its Image Sensor Solutions business to Platinum Equity for an undisclosed sum in a move that will provide it with much needed capital as it grapples with a dwindling cash pile. The deal comes a week after Kodak said it was exploring raising $500 million in additional financing. […]

(Reuters) – Square, the mobile payment start-up that counts former U.S. Treasury Secretary Lawrence Summers on its board of directors, has a new big-name backer: British billionaire Richard Branson. Branson has made a “multimillion” dollar investment in Square, according to a Square spokeswoman who declined to disclose the exact amount. Branson’s investment in Square follows […]

(Reuters) – Hewlett-Packard Co is looking to sell Palm’s webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said. Advised by Bank of America Merrill Lynch, HP is trying to figure out how […]

(Reuters) – Intermolecular Inc, which had filed with U.S. regulators for an initial public offering in July, said it will issue 10 million of its common shares at an estimated offer price of $12-$14 per share. Intermolecular, which develops proprietary technology and intellectual property in the semiconductor and clean energy industries, had earlier filed with […]

(Reuters) – Yahoo has signed confidentiality agreements with several parties interested in buying all or part of the Internet company, according to people familiar with the matter. The Sunnyvale, Calif.-based Internet pioneer said potential buyers had to sign an agreement by Friday to be allowed a close look at Yahoo’s finances. The Friday deadline could […]

(Reuters) – Zynga reported an 80 percent rise in quarterly revenue, while net income fell as the online game company invested in staff, technology and new games. The top maker of Facebook games posted revenue on Friday of $307 million. Its net income fell 43 percent to $13 million, according to a regulatory filing on […]

(Reuters) – Private equity firm KKR & Co on Friday reported a smaller-than-expected third-quarter loss thanks partly to its second-best quarterly fee-related performance since it went public. Like buyout competitors Blackstone Group LP and Apollo Global Management LLC, KKR has suffered from a slump in the value of its private equity funds as weak financial […]

(Reuters) - Apollo Global Management LLC posted a wider-than-expected quarterly loss on Thursday as jittery financial markets hit the value of its private equity assets. Private equity has had a tough third quarter as the decline in markets led to a lower value of portfolios, while buying and selling assets has become more challenging as markets fluctuate and debt financing remains tight. Last month, peer Blackstone Group as well as the private equity segments of banks such as JPMorgan Chase & Co and Goldman Sachs reported losses in the third quarter. KKR is due to report results on Friday.

(Reuters) – Yahoo Inc is contemplating the sale of a minority stake to a private equity firm followed by a large share repurchase, in a bid to buy time to turn around the Internet company, people familiar with the matter said. The once-dominant Internet pioneer has seen its share of the U.S. Internet search market […]