Yahoo, Google, DirecTV and Amazon.com are among those prepping bids for online television site Hulu, Reuters reported. The deadline for initial bids for the site – jointly owned by News Corp., Walt Disney Co., Comcast Corp.'s NBC and Providence Equity Partners – was extended to the end of this week. South Korea’s SK Telecom is also believed to be prepping a bid. Hulu’s owners hope to fetch as much as $2 billion in the sale, Reuters reported.
Investors Temasek Holdings, Seatown Holdings and RRJ Capital Master are pouring $150 million into Clean Energy Fuels Corp., a North American natural gas fuels provider, Reuters reported. The investment, in the form of 7.5 percent notes that can be converted into Clean Energy shares at $15 apiece, is expected to close by the end of August, Reuters said.
Thanks, Steve, says Felix Salmon Hats Tipped: To the champion of tech from coast-to-coast and around the globe What’s the Best Thing about Steve Jobs’ retirement timing? It precisely overlapped that of Dick Cheney’s book tour Feeling Gassy? We’re not: US reduces natural gas reserve estimates As Market Gyrate expect traders to wear more shorts
Plato Learning Inc. has made an unsolicited bid for educational software company Renaissance Learning Inc., topping an earlier bid by the private equity firm Permira, Reuters reported. Plato has offered $15.50 per share in cash, which is a 7% premium on Renaissance Learning’s closing price Wednesday. Permira offered $14.85 per share last week, or $440 million.
Telecom equipment maker Avaya Holding Corp., which is owned by Silver Lake Partners and TPG Capital, plans to list its shares on the New York Stock Exchange under the symbol “AVYA,” Reuters reported Thursday. The company filed in June for a $1 billion IPO. Avaya was taken private in 2007 in an $8 billion deal.
Normally, four venture-backed companies filing to go public in a single day would seem newsworthy enough to warrant a few posts on business and tech sites. Wednesday, however, with Steve Jobs just stepping down as CEO of the most valuable technology company on Earth, the planned IPOs of Jive Software, Brightcove, Eloqua and Genomatica took […]
Greylock Partners, Sutter Hill Ventures and a group of angel investors joined lead investor Redpoint Ventures in a $30 million Series C funding for Pure Storage, an all-flash enterprise storage company. Samsung Venture Investment Corp. Pure Storage has racked up $55 million in funding to date.
American Hospice, which is backed by Riverside Co., has acquired two hospices from Hospice Care of the Southwest. Financial terms of the deal were not announced. The hospices are located in Conroe and Livingston, Texas. Hospice Care of the Southwest said it is keeping its primary operations that are located in Amarillo, Texas.
It's been a busy week for Brynwood Partners Today, the lower middle market firm announced it was buying the Alberto VO5 brand in the U.S. and Puerto Rico. Greenwich, Conn.-based Brynwood is also acquiring the Rave brand and marketing rights worldwide. The seller for both is Unilever. The deal is expected to close at the end of this month, says Ian MacTaggart, a Brynwood managing partner. MacTaggart declined to disclose how much Brynwood paid for the hair care products. High Ridge Brands, a Brynwood portfolio company, is the entity buying Alberto VO5 and Rave. Outside the U.S. and Puerto Rico, Alberto VO5 will remain part of Unilever's portfolio, according to a statement.
(Reuters) – Cerberus Capital Management LP’s deal to buy 64 hotels from bankrupt Innkeepers USA Trust could still go forward, but at a lower price, two sources familiar with the situation told Reuters. Cerberus and joint venture partner Chatham Lodging Trust, which on Friday terminated a deal to buy the hotels for $1.12 billion, could […]