Twitter paid $350 million in stock for online mobile-ad exchange MoPub, a person familiar with the matter told Reuters. Twitter assigned a value of about $20 to its shares, which are currently trading in the high $20s on the secondary market, the person said.
1 min read · 10 September 2013
Greylock Partners, the venture-capital firm behind companies such as LinkedIn, said on Tuesday it raised a $1 billion fund, its 14th.
1 min read · 10 September 2013
Furniture Brands International Inc filed for Chapter 11 bankruptcy protection on Monday and said it plans to sell most of its business, which includes names such as Thomasville, Drexel Heritage and La Barge, to Oaktree Capital Management, Reuters reported.
1 min read · 10 September 2013
Privately owned Koch Industries will buy Molex Inc, a maker of electronic connectors for companies including Apple Inc, for about $7.2 billion to give the billionaire Koch brothers a way to diversify from their traditional holdings in energy, chemicals and paper, Reuters reported.
2 min read · 10 September 2013
The owners of Neiman Marcus Inc have agreed to sell the U.S. luxury department store chain to Ares Management LLC and the Canada Pension Plan Investment Board for $6 billion, ending a years-long effort to sell the company. The Dallas-based retailer, which operates 41 namesake department stores, was taken private by a group of investors led by private equity firms TPG Capital LP and Warburg Pincus LLC in 2005 for $5.1 billion.
3 min read · 09 September 2013
A group of startup investors and venture capitalists are asking U.S. Securities and Exchange Commission Chair Mary Jo White to ensure investment rights equality for gay couples, Reuters reported.
2 min read · 09 September 2013
Golf club operator ClubCorp Holdings Inc, owned by private equity firm KSL Capital Partners LLC, said it expects its IPO to be priced at $16 to $18 per share, implying a valuation of up to $1.11 billion for the company, Reuters reported.
1 min read · 09 September 2013
Cybersecurity company FireEye Inc is set to raise as much as $196 million from its initial public offering of 14 million shares after it said the IPO was expected to be priced at $12-$14 apiece, Reuters reported.
1 min read · 09 September 2013
Activist investor Carl Icahn said on Monday he was bowing out of efforts to block founder Michael Dell's proposed buyout of Dell Inc, determining "it would be almost impossible to win," Reuters reported.
1 min read · 09 September 2013
British property website Zoopla has hired investment bank Credit Suisse to explore growth opportunities, which could include a possible London stock market listing, writes Reuters. A report in Britain's Sunday Times newspaper said the six-year-old property website was exploring a stock market float that could value the firm at up to 1.3 billion pounds ($2.03 billion), writes Reuters.
2 min read · 09 September 2013
