Yahoo: Going private trial balloon floated; Is private equity the solution?anything but M$ is better for yahooM$ aquiring yahoo means certain death.Any other option has merits.
Former AOL Chief Jonathan Miller is looking in the couch cushions to raise enough money to buy a part--if not all of Yahoo. According to the Wall Street Journal, Miller has been talking to private equity folks and sovereign wealth funds to buy Yahoo for about $20...
Too Many Cooks Spoil the Livelihoods of Thousands BusinessWeek (12/6/2008) did a great job of dissecting of what went wrong in the collapse of U. S. retailer, Mervyns (see "What Have You Done to My Company"). The subtitle of the story pretty much sums up the...
Oil futures are dropping to depths not seen for months. Even Hurricane Ike was not able to hike up the oil futures. That devastating hurricane was trumped by the downward spin of the world's stock markets and a slew of other unencouraging economic stats. So...
This paper has made the point that private equity firms have a tendency to overplan but under-execute their value-creation activities. Optimists will chalk this up to human nature. Investors who are the customers of private equity firms, however, have aggressive expectations. Any results that are below the targeted ROI will...
Yahoo is reportedly holding out hopes that there's an alternative to Microsoft's $44.6 billion unsolicited takeover, but it's becoming clear that white knights are missing in action. According to the Wall Street Journal, Yahoo is studying alternatives to Microsoft's bid hoping that it can avoid a...
2007 was a tumultuous year for U.S. businesses and employees, filled with extreme highs and disappointing lows. Private equity garnered nearly $400 billion in mega deals in merely six months, and news of multiple billion-dollar acquisitions (Chrysler, Alltel and CKX) illustrated a trend of public companies going private. However, financial...
My hunch: Vonage's silence could mean looming private equity deal. And then....Vonage is in the middle of a spam scandalVonage spams customers, burns influentials, gets people really angryVonage is harvesting names from their refer-a-friend program to send spam promotions. Warning: If you use the Vonage refer-a-friend program, they will harvest...
Fellow blogger Andy Abramson notes that Vonage- they of the new press release every day- has been awful quiet on that front for at least the last two weeks.Andy thinks, as do I, that this could mean something big is up. After all, why put out flotsam that some...
IP telecommunications systems provider Avaya says this morning that it has agreed to a buyout offer of $8.2 billion in cash, or $17.50 a share, from private equity firms TPG Capital and Silver Lake.No surprise there. Nortel had kicked the tires and Cisco took a whiff but I felt...
Patni Computer Systems, an Indian outsourcing company, plans to aim its services at private equity firms in a move that makes a lot of sense given the acquisition barrage in the U.S. To wit: On Monday, TPG and Goldman Sachs bought Alltel for $25 billion. Last week Cerberus Capital Management...
Since we are awaiting a Vonage-Verizon patent infringement decision by end of today, this article Ive just read has special relevance. None of the parties in this article are directly tied to Vonage, but I think you might appreciate a broader take on what is going on with all...
Some interesting SaaS funding news: sales incentive management vendor Xactly just closed a $15 million funding round, while Amazon.com founder and CEO Jeff Bezos has become the new owner of expense and spend management vendor Expensewatch.com. by Phil Wainewright
Because private equity investors do not always incorporate pure GAAP financial metrics in valuing a target upon acquisition or exit, financial statement presentation may not be one of their top priorities. But those who have sustained a surprise hit to earnings or EBITDA, or had a closing or exit delayed...
Whether the company is being strongly affected by globalization, outsourcing, private equity competition, increased regulation, or Web 2.0, it is clear that future requirements for enterprise computing will only be more demanding. To survive and prosper, companies must reduce operating costs, increase automation and control, and prepare to scale the...
Why would a company with $2.6 billion in cash lying around as of Dec. 31 raise another $700 million from one of private equitys biggest players? Thats a question worth a little reading between the lines. To be sure, Sun Microsystems...
Will private equity funds gobble up tech and then the rest of corporate America?Now that you mention it...Isn't SOX just a tool for the elite to take back "ownership" privileges from middle America...which had perhaps encroached a bit too much into the "ownership" space? Need to keep the serfs...
This is a question that I think is one of the most important ones around, because of the massive amount of global capital and the stunning investment returns from taking public companies private. Is it a good trend?Here are some issues:- Will companies emerge leaner and meaner from private equity...
IBM could be acquisition target for private equity firmsTaking IBM PrivateThat would be a shocker, but so is the Sun/Intel announcement today. I submit:http://kevinclosson.wordpress.com/2007/01/22/sun-to-product-xeon-based-servers-linux-for-oracle-on-x86_64-really-why/
IBM, the worlds largest computer and IT services company, could become an acquisition target for private equity firms said Steve Bengston, managing director at PricewaterhouseCoopers. Mr Bengston was speaking at a recent lunch panel on trends and predictions for 2007 organized by FountainBlue. Also on the panel was Fred Greguras,...
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