Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Investor Group Offers $6.9 Billion to Take BMC Private

Software company BMC has agreed to be acquired by a group of four private equity firms. Together, Bain Capital, Golden Gate Capital, GIC Special Investments and Insight Venture Partners have offered to take BMC private at $46.25 a share, a deal that values the company at $6.9 billion, which amounts to a premium of less than 2 percent over BMC’s closing share price on Friday.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald