Germany is looking for private investors to buy part of Daimler’s stake in aerospace group EADS, Reuters learned Tuesday. Daimler, the automaker, owns 15% of EADS and has made it clear that it would like to reduce its stake. Germany’s government however, is interested in preserving the Franco-German balance of ownership in EADS, Reuters wrote. The French government and French media group Lagardere hold a combined 22.5% interest in EADS.
Just when you think the Don’t Be Evil Empire faces certain defeat, Google comes roaring back with a gutsy conquest – Motorola, truly one of the stalwarts of the mobile industry (if a bit tarnished of late). Some implications are obvious (they need patents to defend their platform and just got a treasure trove) – […]
The Carlyle Group is in talks to buy drug research services provider Pharmaceutical Product Development Inc., Reuters reported Monday. A sale of PPD could fetch around $4 billion, according to industry analyst predictions this summer. Bloomberg first reported news of the talks.
Utah-based HzO Inc., which makes technology for consumer and industrial electronic assemblies, has raised $7 million from Harris & Harris Group, Prudence Holdings and Pike Capital Partners. The company, which is majority owned by Zagg Inc., also saw an additional investment from Zagg. The funding will help HzO launch its technology into the market.
Thought Equity Motion Inc., a Denver-based provider of video platform and footage licensing services, has raised $25 million from Shamrock Capital Advisors. The money will help Thought Equity with growth efforts, including the expansion of its cloud storage infrastructure. Shamrock is a Los Angeles-based private equity firm focused on media, entertainment and communications.
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The commercial arm of the British broadcaster BBC is selling a group of magazines to buyout shop Exponent Private Equity, Reuters reported. The deal is valued at 121 million pounds ($198 million). The sale is part of the BBC’s strategy to focus on video and digital services, Reuters said.
(Reuters) – Google’s $12.5 billion bid for Motorola Mobility brought a 9 percent gain for the beaten-down stock of tech rival Research In Motion on Monday as investors calculated what a similarly bulging premium would do for the BlackBerry maker’s asking price. But it also means one more well-heeled suitor has shunned RIM as a […]
Drew McCartney has joined BelHealth Investment Partners' operating committee. Recently, McCartney served as the Executive-In-Residence at DW Healthcare Partners. Port Washington, N.Y.-based BelHealth is a PE firm focused on the small-cap healthcare industry.
Since my last post debunking the five alleged myths of entrepreneurs triggered more than a few comments and thoughtful reactions, I wanted to respond collectively to them. First let’s start out with venture capital performance as an asset class. Over the last ten years, it has been terrible. On an absolute basis the returns are […]