Reuters News
NEW YORK, May 12 (Reuters) – Private equity firm Apollo Global Management LLC’s first-quarter earnings rose fivefold from a year earlier as the value of its investments increased, in its first quarterly report since its March IPO. Private equity firms have been benefiting from an improving economy and rising stock market valuations and have seen […]
NEW YORK/BANGALORE, May 9 (Reuters) – LinkedIn Corp has priced its closely watched initial public offering at a bargain compared to rivals such as Renren Inc, underscoring growing caution over social media valuations. The debut of the social network for professionals founded by ex-PayPal executive Reid Hoffman values the nine-year-old firm at $3 billion. At […]
(Reuters) – Microsoft Corp plans to buy Internet phone service Skype for $8.5 billion, a rich price as it seeks to regain ground on growing rivals such as Google Inc. Microsoft’s interest in the money-losing but popular service highlights a need to gain new customers for its Windows and Office software. Skype has 145 million […]
NEW YORK, May 9 (Reuters) – Gilt Groupe Inc, the online shopping website known for its flash deals, raised $138 million in new funding giving it a valuation of over $1 billion, according to a source with knowledge of the deal. The company it plans to use the new money for acquisitions, new product launches, […]
(Reuters) – As two Internet powerhouses slug it out to tie the knot with Skype, Facebook looks likely to be a more aggressive suitor than Google, and the world’s largest social network may make for a better fit. Reuters reported Wednesday that Facebook and Google are separately weighing partnerships with Skype, the popular web video […]
(Reuters) – Thomas H Lee Partners will make a return of about two times its original $655 million investment on sale of Warner Music Group to Access Industries, a source familiar with the investment said on Friday. Boston-based THL Partners was the largest private equity investor in the $2.6 billion buyout of Warner Music in […]
HONG KONG, May 5 (Reuters) - Affinity Equity Partners, one of Asia's largest and most successful private equity firms, has taken a hit to its reputation and seen some credit lines pulled over two failed investments. Affinity sold a majority stake in Jaya Holdings for S$202.6 million to a Deutsche Bank-led consortium in February, after struggling for a year to offload the troubled Singaporean shipping firm.
(Reuters) – Facebook and Google Inc. are separately considering a tie-up with Skype after the web video conferencing service delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters. Facebook Chief Executive Mark Zuckerberg has been involved in internal discussions about buying Skype, according to one of the sources. Another […]
NEW YORK, May 4 (Reuters) - Wells Fargo Securities, part of Wells Fargo & Co., said on Wednesday it has hired John Jinishian to head up its West Coast technology mergers and acquisitions group. Wells Fargo has been on a hiring spree lately; earlier this week Reuters reported JPMorgan’s Mark Solomons and Akhil Ahuja joined the bank’s tech banking team.
(Reuters) – Dunkin’ Brands Group Inc, known for its Dunkin’ Donuts doughnuts and coffee and Baskin Robbins ice cream brands, filed with U.S. regulators to raise up to $400 million in an initial public offering. No shares are being offered by existing shareholders, Dunkin’ Brands said. The company, which has private equity firms Bain Capital, […]