31 posts and columns on assets
Eric Schmidt, former CEO and now Chairman of Google, plans to sell up to 3.2 million shares of his class A common stock in the company, according to an SEC filing published Friday. The amount is equal to approximately 42.1 percent of his overall stake in Google. Schmidt will sell off the shares over the coming year in a “pre-arranged trading plan,” created for a “long-term strategy of individual asset diversification and liquidity.”
News ByteWholesale Applications Community (WAC) is handing over its assets to Palo Alto, Calif.-based Apigee. The goal of the WAC, started by AT&T, Verizon, Vodafone and others, was to build yet another app store. Turns out that its most interesting assets were around payments, including the ability for consumers to easily pay for goods using their phone bill. Apigee will work with the GSMA to keep the assets available. Terms weren’t disclosed.
Anyone have anything they want to sell to Condé Nast? The publisher is officially in shopping mode: It has hired an M&A guy from Yahoo and raised $500 million to get him started.
LimeWire, the high-profile file-sharing company, more or less shut down in October, following a federal court ruling. But the last bits of the company seem to be going away: Its online music store will be shuttered at the end of the month, and I’m told that plans to launch a new music service have been shelved.
When it comes to creating profiles on its would-be social network, Apple doesn’t want music acts thinking that differently.
Another marker in Tim Armstrong’s campaign to undo just about every part the old regime at AOL: The company has sold Buy.at, an affiliate marketing company it bought two years ago. Meanwhile, we’re still waiting to hear what happens to ICQ, among other assets.