7 posts and columns on investment bank

Websense Explores Sale of Company

in News on March 16, 2011 at 2:38 pm PT

Web security software company Websense Inc. is exploring a sale with the aid of investment bank Qatalyst Partners, people familiar with the matter said. San Diego-based Websense has a market capitalization of $826 million and could fetch around $1 billion in a sale, these people said.

Déjà Vu: Facebook's Questionable Stock Hijinks Feels Like Winklevii 2.0

in News on January 4, 2011 at 11:00 am PT

CEO and co-founder Mark Zuckerberg’s clear intent to keep the lid on Facebook tight–with no disclosure about the details of the financial performance and other pertinent information a public offering would require be disclosed–is clearly becoming a nettlesome issue for the company. But while that effort at preserving secrecy by staying private has resulted in little more than cute media guessing games about a possible IPO until now, the social networking giant’s most recent machinations are too clever by a half.

Could AOL Merge With Yahoo? Could News Corp. Make a Play? Takeover 2.0 With a Little Help From China's Alibaba?

in News on September 30, 2010 at 11:54 am PT

Today, as news of the departure of Yahoo’s U.S. head Hilary Schneider and two other top execs got around Wall Street, investors and dealmakers were actually thinking of things other than executive turmoil. As in: Does the uncertainty, along with a naggingly lackluster stock price and weak growth, create pressure on its CEO Carol Bartz and its board to do something dramatic? In addition, does the messy public situation even provide an opportunity to put Yahoo into play, despite its market cap of $19 billion?

Exclusive: AOL Hires Bankers to Sell Off ICQ, as Internet Service Starts to Shed Non-Core Assets

in News on November 18, 2009 at 1:18 pm PT

AOL has hired a pair of New York investment bankers, Morgan Stanley and Allen & Co., to manage the sale of its ICQ instant-messaging unit. Sources familiar with the situation said interest in buying the asset from two major non-U.S. companies prompted execs at the online service to put a process in place for a deal that will likely occur after AOL becomes an independent company in December. AOL bought ICQ in 1998 for about $400 million–$287 million outright and $125 million in earnouts for the team. Sources said AOL to looking to recoup $300 million.
logo

Exclusive: CBS Digital CEO Smith to Leave to Start a Silicon Valley Advisory Firm (First Customer? CBS)

in News on October 28, 2009 at 10:00 am PT

Quincy Smith, the high-profile CEO of CBS Interactive, is planning on leaving his job at the media giant in January to start an advisory firm in Silicon Valley, according to several sources. But, in an interesting twist, Smith will remain an adviser to CBS under a multiyear contract, sources added, making it his first client. Apparently, Smith will focus intently on authentication issues for the company.
quincy-smith

Lehman Brothers: $2.5 Billion for a Bankruptcy Well Done

in News on September 23, 2008 at 5:10 pm PT

Finally, some reassuring news amid all this economic woe. The United States financial system is suffering the worst financial crisis since the Great Depression. The Treasury is planning to buy up to $700 billion in bad debt. But things are looking up for the long-suffering employees of investment bank Lehman Brothers. They’ve got a bonus pool.