Reuters News
NEW YORK (Reuters) – Three academics say there was a bubble in LinkedIn Corp’s shares during the first four days of its trading, which they have determined definitively using a model they designed. The three have devised a model they say can establish in real time whether prices in a market are doomed to collapse. […]
NEW YORK (Reuters) – Carlyle Group is looking to pick banks to underwrite its planned IPO in the coming month, four sources familiar with the situation said, making it the latest buyout firm to tap the public markets. Carlyle, which is gearing up to join publicly traded rivals Blackstone Group, Kohlberg Kravis Roberts & Co […]
NEW YORK, May 31 (Reuters) – Yahoo Inc has resolved a dispute with partner Alibaba Group over the Chinese company’s transfer of its prized online payments unit to its CEO Jack Ma, two sources close to the matter said. Yahoo’s feud with Alibaba, 43-percent-owned by the U.S. firm, over the Chinese company abruptly transferring Alipay, […]
(Reuters) – President Barack Obama said on Tuesday he will nominate former Edison International chief executive John Bryson to be Commerce secretary, filling a top trade job with an energy expert and seasoned businessman. Bryson would replace Gary Locke, whom Obama has chosen to become U.S. ambassador to China. His nomination could be thwarted by […]
NEW YORK, May 27 (Reuters) – Credit Suisse has hired Don Birchenough, the former head of telecom mergers and acquisitions at Deutsche Bank, two people familiar with the matter said. Birchenough will jointly head up the technology, media and telecom M&A group in the Americas with Steve Geller in New York. A Credit Suisse spokesman […]
SAN FRANCISCO, May 25 (Reuters) – Startup firms that make games and other applications for Apple Inc devices are increasingly being wooed by companies looking to buy an instant foothold in the rapidly growing mobile market, said the manager of a fund that invests in smartphone app makers. The mergers and acquisitions market in the […]
SAN FRANCISCO, May 26 (Reuters) - Comcast Corp's venture-capital arm has completed its merger with NBCUniversal's Peacock Fund to form a new $750 million fund, underscoring the importance media companies place on finding up-and-coming technologies to drive their core businesses. Comcast Interactive Media President Amy Banse will head the combined entity, Comcast Ventures, which will focus on....
VANCOUVER, May 26 (Reuters) – The Alberta Investment Management Corp could spend as much as C$700 million ($715 million) on private equity acquisitions in the next 12 months, and as much as C$2 billion in the next three to four years. AimCo’s chief executive, Leo de Bever, told Reuters he was currently looking at as […]
NEW YORK, May 26 (Reuters) – Hedge fund manager David Einhorn is playing ball with the New York Mets and on the verge of buying a minority stake in the cash-strapped Major League baseball team for $200 million. Einhorn, the manager of Greenlight Capital, is in “exclusive” talks with Mets ownership led by real estate […]
(Reuters) – Twitter confirmed on Wednesday that it has bought TweetDeck, a popular third-party software application that organizes tweets, the short messages delivered through the online social network. Terms of the transaction were not disclosed in a statement but a source told Reuters earlier this month that a deal for up to $50 million was […]