2 posts and columns on preferred

Viacom, Real Networks Spin Off Rhapsody Music Service

in Media on February 9, 2010 at 1:26 pm PT

Real Networks and Viacom are reorganizing Rhapsody, their joint-venture music service, and will be spinning it off into an independent company, they told the Securities and Exchange Commission today. Rhapsody, along with Best Buy’s Napster, sell music via monthly subscription, as opposed to Apple’s a la carte download offering. But neither service has been able to gain much traction, despite years of effort. More shortly.

Facebookers Start Cashing Out Up to 20 Percent of Shares With New $100 Million Investment

in News on July 13, 2009 at 9:55 am PT

According to sources close to the situation, current and former employees of Facebook are now going to be able to sell up to 20 percent of their common shares. It is part of a $100 million add-on investment in the social networking company by the Russian investors who recently put $200 million into the company for preferred shares valued at $10 billion. The new tender offer today by Digital Sky Technologies for common shares of Facebook is valued at $6.5 billion, or $14.77 a share.
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