Reuters News
NEW YORK, April 20 (Reuters) – EBay Inc. said it would buy Where, a company that delivers local advertising to mobile phones, in its latest push to allow more retailers to do business with customers through its services. The deal marks an exit for GrandBanks Capital and Kodiak Venture Partners, which bought into Where’s parent, […]
NEW YORK, April 18 (Reuters) – Private equity firms Apollo Global Management and the Carlyle Group are interested in buying Federal-Mogul Corp., but the recent run-up in the company’s share price has made suitors skittish and a deal is far from certain, people familiar with the matter said. Several other buyout firms including Bain Capital, […]
BOSTON, April 15 (Reuters) - A number of T. Rowe Price Group mutual funds reported owning stakes in Facebook Inc, valuing the fast-growing social media company at $25 per share. The Baltimore mutual fund company reported the stakes in disclosure documents for the funds' holdings as of March 31, posted Friday on T. Rowe Price's website. Funds holding Facebook included T. Rowe's Science & Technology Fund and Global Technology Fund. Each reported investing less than 1 percent of its assets in Facebook. T. Rowe Price funds have previously been buyers of shares in other private technology firms, giving ordinary investors a rare opportunity to own stakes in those companies....
NEW YORK–A Delaware ruling last month accusing a large investment bank, Barclays Capital, of conflicts of interest is already driving some business to boutique firms. Just a day after the ruling, a client told Evercore Partners it wanted the 15-year-old boutique to be the lead adviser on a transaction. The client wanted a bank that […]
NEW YORK–A judge on Friday sentenced former New York state comptroller Alan Hevesi to a minimum of one year and a maximum of four years in prison for a state pension kickback scheme in which Governor Andrew Cuomo said Hevesi “presided over a culture of corruption.” Hevesi, a Democrat, pleaded guilty to a felony corruption […]
Groupon is likely to pick Goldman Sachs and Morgan Stanley to lead a second-half initial public offering that could value the fast-growing daily deals site at $15 billion to $20 billion, a source familiar with the matter said on Thursday. Groupon could raise as much as $1 billion in the IPO, which could come in […]
NEW YORK–At nearly every private equity, M&A or investment banking conference one thing remains constant — the majority of speakers in crisp gray suits sitting up on stage are men. That doesn’t seem to be changing. The number of women in senior levels of finance have been shrinking in recent years and businesswomen say they […]
Blackstone Group is investing in the lucrative area of shale, following rivals such as Kohlberg Kravis Roberts & Co. North American shale fields are drawing billions of dollars from companies that are eager to learn the techniques to tap into the difficult geological formations. Blackstone said on Tuesday it teamed up with shale gas developer Alta Resources to form Alta Energy Partners and they are committing to invest up to $1 billion....
NEW YORK, April 10 (Reuters) – Warner Music Group’s board is expected to review second-round bids for the company at a meeting in the coming week, a source familiar with the matter said. Up to 10 investors have put in bids ahead of the meeting, offering a range of valuations from $2.8 billion to slightly […]
BANGALORE/NEW YORK, April 8 (Reuters) - Growing confidence in a recovery in the freight transport market is about to set off a wave of consolidation in the U.S. logistics industry as cash-rich companies seek to expand into new services and geographies. Among those hunting for buys are FedEx, C.H. Robinson, Hub Group, Ryder Systems and Forward Air...