peHUB First Read

First Read starts your week with news of Google Ventures-backed bitcoin exchange Buttercoin shutting down, “Furious 7″ grabs record $143 million in weekend box office and Ellen Pao says in an interview that gender issues won’t “go away” after trial.


peHUB First Read

First Read kicks off this morning with news of GoDaddy pricing its IPO at $20 per share, valuing it at about $4.5 billion, Samson Resources says it may file for Chapter 11 bankruptcy and Groupon is offering cat cab services for April Fools’ Day.


peHUB Second Opinion

In Second Opinion, Houlihan Lokey prepares for an IPO that could raise more than $200 million, officials say that Bowe Bergdahl will be charged with desertion and RadioShack is reportedly trying to sell data of 100 million customers.


peHUB First Read

First Read helps usher in the weekend with news Google reversed a porn ban on Blogger after backlash, Kleiner Perkins says it didn’t distribute gender discrimination policy until 2012 and Wired helps us understand the great dress debate of 2015.


peHUB Second Opinion

In Second Opinion, Qualcomm nears a $1 billion deal to resolve its China antitrust dispute, Netflix launches in Cuba and the payout to Bernie Madoff’s victims tops $7.2 billion.


peHUB First Read

First Read ends the week with news of RadioShack filing for bankruptcy, a small change by Apple costs Twitter millions of users and here comes the lawsuits–a California consumer sues Anthem over its massive data breach.

Drink coasters are shown for sale at the Monroe County Heritage Museum in Monroeville

peHUB Second Opinion

In Second Opinion, Amazon is in talks to buy some RadoShack stores, the fear that keeps small business owners awake at night and Harper Lee, who wrote “To Kill a Mockingbird,” will publish her second novel in July


peHUB First Read

First Read braces against the Tuesday chill with news Apple will invest $2 bln to create a command center, Google may be about to go to war against former BFF Uber and a former KPCB partner seeks $16 mln in discrimination lawsuit.

A woman walks next to a car with a tattered Canadian flag, in the parking lot of a Target store in Lindsay, Ontario

peHUB Second Opinion

In Second Opinion, it’s a lot easier to travel to Cuba now, Target is leaving Canada, Google will no longer sell its Google Glass eyewear and Xbox One wins the holiday console war.

Apple CEO Tim Cook speaks at the WSJD Live conference in Laguna Beach

peHUB Second Opinion

In Second Opinion, the Chinese economy is now the largest in the world, Lyft promotes Brian Roberts to CFO, RadioShack will discontinue matching for 401(k) and 1165(e) plans and rivate equity has reportedly bought Ektron.

Sign for a RadioShack store is seen in the Brighton Beach section of the Brooklyn borough in New York

peHUB Second Opinion

In Second Opinion, Radioshack may file for bankruptcy, the difference between the iPhone 6 and the iPhone 6 Plus, research finds that Uber’s revenue is 12x that of Lyft’s and whether Hilton is the best LBO ever.


peHUB Second Opinion

In Second Opinion, Twitter Q2 results are better than expected, Moody’s warns that RadioShack may run out of money next year, Pepe Jeans is up for sale and tornados in Boston aren’t as rare as you think.


peHUB Second Opinion

In Second Opinion, Box is in talks for a round of funding from TPG, Apple’s new smartwatch will have more than 10 sensors, Yo gets hacked and RadioShack’s stock dipps below $1 a share.

RadioShack CEO Steps Down

RadioShack said Wednesday that James Gooch has stepped down as CEO and director of the electronics retailer effective immediately. RadioShack’s board is looking to retain an executive search firm to find a successor. Dorvin Lively, RadioShack’s EVP and CFO, will be acting CEO in the interim. Two years ago, RadioShack was up for sale with suitors reportedly including The Blackstone Group, Bain Capital and TPG Capital.

What’s Next For RadioShack Auction?

The RadioShack auction appears to be short-circuiting.

TPG Capital plans to opt out. The Blackstone Group, which had wanted to launch a joint bid with TPG, doesn’t want to make an offer by itself. Bain Capital has already bailed and Best Buy never got involved.

“This is a classic case of an investment banker [Goldman Sachs] getting a sale mandate, it not going well, and thus reaching as far as [they] can to resuscitate it,” says one banker.

Blackstone, TPG Unlikely To Remain in RadioShack Auction

(Reuters) – Blackstone Group (BX.N) and TPG Capital are unlikely to continue to pursue a possible bid for RadioShack Corp (RSH.N), two sources familiar with the situation said on Monday. The two private equity firms were working together to draw up a possible bid for the electronics retailer, which has a market value of about […]

RadioShack Auction: It’s All About The Cash

RadioShack, the electronics retailer that sells tape recorders and phone extensions, is apparently getting lots of interest from the private equity community.

At first blush, I was surprised that RadioShack still exists, let alone that it’s up for sale. But it seems that more than a few folks still visit “The Shack,” given its 4,000+ retail locations and 555 kiosks.

Goldman Sachs is running the auction, with suitors reported to include The Blackstone Group Bain Capital and TPG Capital. A sale could be valued at more than $3 billion.

So why such interest in RadioShack? It’s the cash, stupid. RadioShack has is sitting on $872 million in net cash, says Anthony Chukumba, senior research analyst for BB&T Capital Markets.

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