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Reuters News

PayPal gets new rival in offline payments race

PayPal, the online payments company owned by eBay Inc, just got a new rival in the race to develop a mobile payment service that can be used in physical stores.

2 min read · 23 February 2012

Palo Alto Networks, 4 Other Tech Companies Tee Up IPOs

Four of the five companies have collectively raised more than $460 million in venture capital from firms including Greylock Partners, Sequoia Capital and Technology Crossover Ventures.

4 min read · 22 February 2012

Yelp Wants to Price IPO at $12 to $14 Per Share; Stock Owned by VCs Could be Worth $444M

If Yelp is valued at $14 per share, Benchmark's shares would be worth $163M, Bessemer's would be worth $163M and Elevation's would be worth $118M.

2 min read · 17 February 2012

EU Court: Social Networks Aren’t Responsible for Piracy

Social networks get their big day in court--and a win--but a new test will emerge in the U.S., where anti-piracy proponents are regrouping after an embarrassing defeat.

2 min read · 16 February 2012

Yahoo-Alibaba Talks Break Down

The deal that Alibaba founder Jack Ma so covets could very well crumble before it even gets off the ground.

2 min read · 14 February 2012

Advisor ISS Slams Facebook on Share Structure

Investors are certain to like Facebook's shares--but there is one advisor telling would-be buyers that the behemoth social network's shareholder structure also limits the responsibilities the board has to smaller stakeholders.

1 min read · 13 February 2012

United Tech May Deal Hamilton Units

This weekend, it looks like private equity has big eyes, eyeing several multi-billion dollar deals from strategics unloading assets--including United Technologies.

2 min read · 11 February 2012

DuPont Unit Deal Could Fetch $4B

Some big name PE firms are lining up for chemical maker Dupont's car paints business auction--but will is financing too tight to keep any single LBO shop from making a $4 billion deal?

2 min read · 11 February 2012

Alibaba's Ma Faces Test in Yahoo!

If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc, it's Jack Ma, who founded the e-commerce group and within a decade unlocked China's huge online shopping potential.

4 min read · 10 February 2012

Apollo earnings fall on mark-downs

Apollo Global Management LLC (APO.N) on Friday became the latest private equity group to report lower fourth-quarter earnings because of the way it accounts for profits, even as the cash flow from its share of investment profits more than tripled.

3 min read · 10 February 2012

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