(Reuters) – After four years in private hands, Bausch & Lomb may soon head back to the public market as Chief Executive Brent Saunders is setting sights on an IPO for the U.S. eye-care giant “in the next couple of years.” Saunders, a CEO of a year and a half, is also focusing on at […]
The iPhone 4S hit shelves only today, but is already a huge hit with record pre-orders exceeding 1 million devices. The sales stampede is being attributed to an unlikely source, a virtual assistant embedded into iOS named Siri which represents a breakthrough in mobile computing. As Wall Street Journal reviewer Walt Mossberg put it, “(it)has […]
Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.
Social gaming company Zynga – the maker of Mafia Wars and FarmVille – will list its shares on the Nasdaq exchange under the symbol "ZNGA," Reuters reported Friday. The company on July 1 filed for an initial public offering of up to $1 billion, but Zynga declined on Thursday to comment further on the IPO.
Microsoft has officially closed its acquisition of Internet communications company Skype. The $8.5 billion deal was led by investor group Silver Lake and the transaction was originally announced in May.
Irish mushroom producer Monaghan Mushrooms and private equity investor Gimv have acquired Walkro International, a producer of mushroom substrate. Terms of the deal were not released. Walkro was formed in Belgium in 1991.
Billionaire investor Carl Icahn has taken a 9.8% stake in truck and engine maker Navistar International Corp., Reuters wrote Friday. In a regulatory filing, Icahn said that he has held talks with Navistar's management to discuss its business and will seek to have additional conversations to discuss strategies, Reuters wrote.
We’re Number ONE! NY tops Mass. for venture deals, takes pole position as East Coast VC juggernaut for all days to come. But we know we’re not number one, Cali. It’s Official. Everyone’s pissed at Washington. Bad Call: Ex-Citadel employee charged with stealing Rightfully So, protestors at Wall St. are suspicious of the plan to “clean” their “sleeping grounds" Did Steve Jobs doom himself with alternative medicine?
As sale and IPO processes continue to wither in the face of turbulent markets, the owners of Hulu, the streaming entertainment company, announced late Thursday they would not, in fact, pursue a sale of the company. News Corp., Providence Equity Partners, and the Walt Disney Co. are among Hulu’s owners. Previously, it was reported that strategic bidders had failed to satisfy sellers’ requirements.
Altus Capital announced today that it closed its latest fund at $200 million. The Westport, Conn.-based lower middle market firm had targeted $160 million for Altus Capital Partners II LP. The pool closed yesterday, says Russell J. Greenberg, the firm's managing partner. Investors include large U.S. pension funds, fund of funds and other institutions. Mercury Capital Advisors and Sparring Partners acted as placements for fund II. Marketing for the pool was faster and easier that Altus' prior fund, says Greenberg. Altus' last fund, Altus Capital Partners I LP, raised $80 million in 2003. The pool was an SBIC fund and Altus received $50 million from the SBA, plus $30 million from private investors. Because Altus I was an SBIC fund, Altus needed to have co-investors for each of the eight deals it did, Greenberg says. "Fund II won't require co-investments," he says.