Private Equity
Moving on: YouTube CEO Chad Hurley steps down and will take advisory role. Family Advice: Can you have a baby and a startup, from Jason Calacanis. Election: Silicon Valley prefers Whitman over Fiorina. Beauty in Numbers: How we choose who to date and hire, from Business Insider. Fighting Malware: Engame Systems gets $29 million in funding round. Deal Gone Bad: KKR is likely to pull away from Seagate deal leaving TPG all alone. But NY Post says TPG has lined up a partner.
1 min read · 29 October 2010
Helping Out: So much for the war on Google entitlement. Google is now providing servants to its employees. Scandal: Apple apparently has no plans to release white iPhone 4. And, is Apple planning to cut out the carriers? Chicken Attacked My Mom: Employers see a rise in bogus sick days. FB Celebrity Game: Facebook is launching FanSwarm, which lets users predict whether a celebrity's star power will rise or fall.
1 min read · 28 October 2010
UBS Earnings: An investment banking nightmare, from FT Alphaville. Closer to Buffett's Successor: Berkshire Hathaway names Todd Combs of Castle Point Capital to manage a significant portion. In Favor: Soros comes out in favor of legalizing marijuana. BankUnited IPO: Sheila Blair shouldn't be embarrassed by the BankUnited offering, according to Breaking Views. Joining Forces: Several online travel sites are joining together to block Google's buy of ITA Software.
1 min read · 26 October 2010
Rumor Debunked: Facebook isn't raising a Series E funding round with Apple as an investor. But Twitter may seek another round, which could be $200 million. Staying Put: BP will remain in the U.S. and will keep drilling in the Gulf of Mexico. Also, BP sells four fields in the Gulf to pay for the oil spill. No MSFT Takeover: Adobe CEO says the company will grow independently.
1 min read · 25 October 2010
See No Evil: The big networks block Google TV. Lehman-Barclays: When a good deal comes back to haunt you, from FT Alphaville. Succession Planning: James Murdoch is the lead contender to succeed his dad at News Corp. Alesia Whacked: Rupert Murdoch fails at building a competitor to Google news. Union Protests: Warner Bros. may move "The Hobbit" out of New Zealand. Say it ain't so Frodo.
1 min read · 22 October 2010
Malfunction: AOL mail goes down and no one notices. Settlement: SEC to vote on Rattner deal today. Buy Back: Goldman considers paying back Warren Buffett's $5 billion investment and Antony Currie thinks they should. Newspaper Deal: Investor group surprises NYTimes because they want to buy the Boston Globe. Divide: Carlyle's Dave Rubenstein predicts bigger buyout shops will become broader asset management players while pure PE firms will become niche players.
1 min read · 21 October 2010
Off & Away said Wednesday that it had received follow-on funding of $2 million led by Madrona Venture Group. Seattle-based Off & Away is a luxury hotel auction site. Madrona is a VC firm, also based in Seattle.
4 min read · 20 October 2010
Going Wall Street: KaChing gets $100 million under management and a new name. A Fundraiser: Asset managers, bankers tap inner Springsteen for amputees charity. Investing Dilemma: Which bank-- BofA or Goldman--should investors give their hard earned money, from Alphaville. Who's Hiring: Thousands of hedge funds, PE firms and community banks are looking for compliance people. NY Settlement: Rattner settlement discussed with NYAG Cuomo reps in pay-to-play probe.
1 min read · 20 October 2010
M&A: Apple has $51 billion in cash and a shopping list that may include Facebook. Plus, Google's Andy Rubin fires back at Jobs tirade. Privacy: Facebook vows to fix flaw in data privacy. Merger Off: Did Jack Welch kill the Daily Beast's buy of Newsweek? A Landing: Andrew Trader, a former Zynga exec, has joined VC firm Maveron. Stars in their Eyes: VCs set sights on Hollywood. Pension Crisis: Eleven state pension funds that may run out of money (i.e. Illinois).
1 min read · 19 October 2010
Downfalls: Old media may have its problems but why do so many new media startups commit suicide? PE Shakeout: Which financial sponsors won't survive the economic slump. Hiring: HP brings in a Nokia exec to run mobile software webOS. Privacy Breach: WSJ investigation find that many popular apps on Facebook transmit personal info to advertisers and internet tracking companies. Picture Tells the Story: The 50 Ugliest Cars of the past 50 years.
1 min read · 18 October 2010
