Reuters News

(Reuters) – Google will buy more companies to boost its presence in the booming online display ad sector in a challenge to Facebook, even as European regulators examine its dominant web search position. Speaking to a small group of reporters on the sidelines of the Cannes Lions advertising festival, Executive Chairman Eric Schmidt said the […]

NEW YORK, June 21 (Reuters) – Online video site Hulu has been approached by a potential buyer and is weighing whether to sell itself, according to a person familiar with the matter. The approach presents another decision point for the jointly owned company, which has shown an unclear strategy and last year spent six months […]

(Reuters) – The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland’s “So-Lo-Mo” and luxury e-commerce sectors. PE and VC firms are still betting on firms in So-Lo-Mo, shorthand for […]

NEW YORK, June 20 (Reuters) - Private equity firm Warburg Pincus is seeking to sell Camp Systems International, a software provider for business aircraft that could be worth $500 million to $600 million, three people familiar with the matter said. Credit Suisse will advise on the sale of Camp Systems, which has about $60 million in earnings before interest, taxes, depreciation and amortization (EBITDA) and could go for about 10 times EBITDA, two of these people said....

(Reuters) – Facebook’s U.S. advertising revenue will total roughly $2.2 billion in 2011, displacing Yahoo Inc to collect the biggest slice of online display advertising dollars, according to a new study. Facebook’s U.S. advertising revenue will give it a 17.7 percent share of the market for graphical display ads that appear on websites, according to […]

(Reuters) – Japan’s industrial, healthcare and technology sectors are the main focus for the Carlyle Group, the co-head of its Japanese unit said, as the firm looks to invest locally in the post-disaster environment in companies with a clear ability to compete abroad. Carlyle, the only major private equity firm with a Japan-focused, yen-raised investment […]

(Reuters) – British music company EMI, owned by Citigroup, said on Monday it had launched a strategic review to examine options including a possible sale, recapitalization or initial public offering. The group, home to artists such as Katy Perry and Iron Maiden, said in a statement that there was no certainty that the process would […]

(Reuters) – Private equity firm Carlyle Group CYL.UL is expected to pick JPMorgan Chase & Co, Citigroup Inc and Credit Suisse Group Ltd to lead its initial public offering, two sources familiar with the process said on Friday. Private equity firms are major clients for Wall Street banks, paying them millions of dollars in fees […]

(Reuters) – It had all the signs of another dotcom bubble: A startup without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut. The difference this time — one that cost some investors money but provided a measure of […]

(Reuters) – Private equity firm Leonard Green & Partners said it has teamed up with CVC Capital Partners to submit a proposal to buy BJ’s Wholesale Club Inc, the third-largest U.S. wholesale club retailer. Leonard Green and its affiliates, which also reported a 9.3 percent stake in the retailer in a regulatory filing, however, did […]