Emily Steel, Reporter, The Wall Street Journal in News on December 22, 2011 at 1:20 pm PT
AOL Inc. rebuffed an activist investor’s call for “immediate action” to address the Internet company’s “money-losing growth initiatives,” but analysts said the investor’s complaint reflects broader dissatisfaction among AOL shareholders.
News Byte
Tricia Duryee in Commerce on December 20, 2011 at 5:30 pm PT
As planned, Expedia has formally concluded the spinoff of TripAdvisor today. Expedia shareholders will receive one share of TripAdvisor and one share of Expedia for every two shares of Expedia stock held prior to the split. Tomorrow, TripAdvisor will trade on the Nasdaq under the symbol TRIP, and Expedia will continue to trade under EXPE.
Ronald Barusch, Contributor, Deal Journal in News on December 2, 2011 at 4:00 am PT
Yahoo is adrift and the sharks are circling. It needs to do something. It’s not clear how any of the “somethings” the board is reportedly reviewing have any relationship to a fundamental business strategy. But there seems to be no dispute that “something” needs to get done. It’s not a good position to be in.
Tricia Duryee in Commerce on November 1, 2011 at 9:45 am PT
Even after Groupon sells 30 million shares in its initial public offering, its three founders will continue to have a controlling stake of the company.
Martin Peers and Andrew Morse, Reporters, The Wall Street Journal in Media on October 21, 2011 at 12:23 pm PT
Rupert Murdoch, chairman and chief executive of News Corp., on Friday faced shareholders for the first time since a phone-hacking scandal at its UK newspaper unit embroiled the company and heightened criticism of what some see as a lack of independent oversight.
Arik Hesseldahl in Enterprise on October 12, 2011 at 4:16 pm PT
At an otherwise uneventful meeting of Oracle shareholders, CEO Larry Ellison takes another rhetorical shot at Hewlett-Packard and its chairman, Ray Lane.
Kara Swisher in News on October 1, 2011 at 1:39 pm PT
Here’s some electric weekend reading for those interested in the push-and-pull between venture investors and start-ups in the frothy Web 2.0 environment.
Kara Swisher in Social on July 20, 2011 at 12:42 pm PT
In a move reminiscent of one done by Facebook in 2009, Twitter is zeroing in on a complex $800 million funding deal, which includes a tasty $400 million payout for its current investors and also employees.
News Byte
Tricia Duryee in Commerce on July 5, 2011 at 4:41 pm PT
HomeAway ended up selling $231 million in stock from its initial public offering last week. The company, which lists vacation homes online for rent,
said today it gets to keep $148.9 million after deducting costs, and that shareholders made off with $82.1 million after underwriters fully exercised the option to purchase more shares. The company’s shares fell 79 cents to close today at $37.63 a share. The company is now valued at around $3 billion.
Tricia Duryee in Commerce on April 27, 2011 at 8:27 pm PT
Investors pushed Amazon’s stock price to a record high today, with shares trading near $200 a share before closing at $196.63.
The stock pushed higher despite yesterday’s mixed financial results, which included a huge plunge in profits. In fact, the rebound likely had a lot to do with a letter that the company’s visionary founder and CEO Jeff Bezos also sent to shareholders.
