Private Equity
Married People Stay Away: Facebook causes one in five divorces in the U.S. Gotcha: British police know where Wikileaks' Assange is but haven't acted on the international warrant for his arrest. Hiring Tips: How to write the perfect investment banking resume. And, an MBA student fires off an embarrassing Power Point presentation and gets the job. Private Equity Relief: It looks like tax rates at all income levels will be extended temporarily. Is this Fair: Why buyout partners can earn more than venture capitalists. Customer Revenge: Google, horrified by NYT's story about DecorMyEyes, changes its ranking system. A Winner: Citi finally beats Goldman (and Morgan Stanley) at something. Well, it's the number of times they tapped the Fed Reserves credit lines.
1 min read · 02 December 2010
Pennies From Heaven: Angel investors go where VCs fear to tread. Sale Possible: Newscorp COO says they would listen to offers for MySpace. Exclusive: Peter Currie is joining the Twitter board, says Kara Swisher. Going Shopping: Despite the Google rumors, Groupon buys three discount sites. Who's Guilty: If Wikileaks broke the Espionage Act so did the New York Times, from Gawker. Book Deal: Google Editions, the long-awaited e-book retailing venture that is supposed to shake up the way digital books are sold, is in the final stages. Staying Objective: Entrepreneurs shouldn't drink their own kool-aid but see and deal with reality, says Anthony Lee.
1 min read · 01 December 2010
RIP: Leslie Nielsen, star of "Naked Gun" movies, passes away. Bidding: Wal-Mart says that it has offered $2.32 bln for 51% of South Africa's Massmart. Excess: A word of caution on chasing returns in the VC market, from Fred Wilson Your Brain On Drugs: This Brazilian drug lord is a huge Justin Bieber fan. Getting Aid: Ireland wins $113 billion bailout. However, aid package fails to stem concern and the Euro falls against the dollar. Gotcha: Wikileaks documents suggest China's leaders were behind Google hack attack.
1 min read · 29 November 2010
Barbarians In Love: Global PE firms are seduced by the China dream. Sought After: Groupon explains why Yahoo! and Google want to buy it so badly. More Reveals: WikiLeaks to release more classified material that it claims are "seven times the size of the Iraq War Logs." Retail Prep: Gizmodo provides the ultimate Black Friday 2010 cheat sheet. And, a list of Apple and 3rd party discounts on Apple and Mac products. Bailout: Ireland races to secure a weekend aid package. Meanwhile, bonds for Allied Irish and Bank of Ireland fall amid bailout concern.
1 min read · 26 November 2010
Delays: Google's having problems getting its digital music service off the group in time for the holidays. Deal of The Day: Groupon may be the subject of Google takeover rumors but the firm is still hiring. Unbelievable: Patent office has agreed to grant the "Face" trademark to Facebook. And, a study finds that Facebook makes people more social. Verdict: SAP must pay Oracle $1.3 billion for software theft. Prevention: Study finds that taking an existing antiretroviral drug can ward off HIV infection. Who's Next: Insider trading probe expands to big investments firms, including Janus and Wellington Management. Also, the real lessons small investors should learn from the scandal but won't.
1 min read · 24 November 2010
Deal Surge: Carlyle to sell Philosophy to Coty for about $1 billion. Also, TPG looks to buy J. Crew again and is teaming up with Leonard Green in a $2.8 billion deal. Truth or Not: Did Apple buy voice recognition company Nuance or not? Back to Normal: HP employees rejoice as new CEO returns pay back to previous levels. Deal Blocked: Dynegy scraps Blackstone's $604.5 million takeover because of lack of shareholder support. Good Returns: Accel Partner's extraordinary 2005 fund IX. Hedgies in Crosshairs: Insider trading probe heats up and feds raid hedge funds. And, a who's-who of everyone named in the scandal so far.
1 min read · 23 November 2010
Deal of The Day: Groupon is considering selling itself to Google, according to All things Digital. Stop The Presses: Literally. Murdoch plans a digital newspaper, "The Daily," for the iPad. Steve Jobs rumored to be involved. Scott Rosenberg, meanwhile, says the "tablet newspaper" will be DOA. Dancing Online: Paula Abdul adds web entrepreneur to her resume with the launch of AuditionBooth. Bailout: Ireland becomes the second European nation to seek aid. Higher Taxes: Warren Buffett says that rich people should pay higher taxes.
1 min read · 22 November 2010
Del Monte Up For Sale: KKR emerges as the PE firm interested in buying Del Monte. Useful Tip: How to remove personal information from Google Search. Thanks CNET! Hiring: Google looks to add more than 2,000 people around the world. Going Solo: Meredith Whitney to set up a credit rating agency to go head-to-head with Moody's and S&P. No Good: Why tranching a VC investment is a bad idea, from Chris Dixon. SciFi Breakthrough: Scientists at CERN claim to have created and stored antimatter for longer periods of time which could lead to starships.
1 min read · 19 November 2010
Why He Stepped Down: Being CEO is "kind of a sucky job," says Twitter's Ev Williams. And, Twitter mulls raising new funds with a $3 billion valuation likely. Who Leaked: Warner Bros. wants to know how the first 38 minutes of the new Harry Potter movie appeared on the Internet Monday. They claim it wasn't a PR stunt. McRib's Return: Why it doesn't matter if you don't like it. Prince of Silicon Valley: Frank Quattrone, who took Amazon and Cisco public, tells entrepreneurs to be wary of going public. What? Biggest IPO: GM returns from the dead and prices its IPO at $33 a share making it one of the largest IPOs ever. Separately, why you should not invest. Mystery: Facebook and Myspace are going to make a joint announcement later today but it's not a merger. Another Farmville: Zynga chooses Facebook to launch its next game, CityVille.
1 min read · 18 November 2010
Saving Money: Yahoo is testing a service that delivers coupons and discounts to local businesses with Groupon and Livingsocial.com. 16 Month Wait Over: Apple approves Google iPhone app. Unbelievable: Bristol Palin makes it to the DWTS finals. Oil Spill Blame: Report to say BP showed "insufficient consideration of risk" and lack of operating discipline. Come Together: How EMI's new CEO hammered out a deal that brought the Beatles to iTunes. The One That Got Away: Kleiner's John Doerr says they were wrong to turn down Twitter.
1 min read · 17 November 2010
