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Demand Media Clears SEC and Prices IPO

Kara Swisher in News on January 12, 2011 at 7:06 am PT

Demand Media is set to go public, according to an amended filing with the Securities and Exchange Commission, with shares priced from $14 to $16 each. The online publisher could sell up to 8.625 million shares and, if it prices at the top of the range, it could be worth about $1.3 billion and raise $138 million.

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

Kara Swisher 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.

Dell Has Three Days to Top HP’s 3Par Bid

John Paczkowski in News on August 25, 2010 at 6:00 am PT

Dell’s been given a deadline to top Hewlett-Packard’s $1.6 billion offer for 3Par, the storage vendor it announced plans to acquire last week: Three days from the endorsement of HP’s bid, which seems increasingly likely.

Palm Scratches Off First of HP Merger Suits

John Paczkowski in News on June 10, 2010 at 7:16 am PT

Palm has cleared from its decks at least one of the lawsuits filed by shareholders over its pending merger with Hewlett-Packard. In filing with the Securities and Exchange Commission Wednesday, the company said it reached a settlement with investor Steve Ubaney, who sued it in early May alleging breach of fiduciary duty.

Burkle to Leave Yahoo Board–Is Bartz Solidifying Control (And Is Bostock Next)?

Kara Swisher in News on February 16, 2010 at 1:53 pm PT

Like victims in the thriller, “Ten Little Indians,” the directors of Yahoo involved in its Microsoft takeover debacle are moving off its board. Today, it’s billionaire businessman Ron Burkle doing the leaving, after serving since 2001, when he was brought onto the Internet giant’s board by former CEO Terry Semel. He’s the third director to depart since CEO Carol Bartz took over a little more than a year ago.

NetApp Gives Up; Data Domain to Be Acquired by EMC

John Paczkowski in News on July 8, 2009 at 1:22 pm PT

EMC has long claimed that its bid for Data Domain is clearly superior to NetApp’s, and today NetApp finally agreed. After market close Wednesday afternoon, NetApp said it has terminated its merger agreement with Data Domain, giving the data storage technology vendor leave to accept EMC’s unsolicited takeover bid–at $33.50 a share cash, an 11 percent premium over its own.

EMC Makes Data Domain an Offer It Probably Can't Refuse

John Paczkowski in News on July 6, 2009 at 8:33 am PT

NetApp has cleared all necessary U.S. regulatory hurdles to proceed with its acquisition of Data Domain, though it seems unlikely that the company will prevail now that rival EMC has trumped its bid for the storage vendor.

EMC Makes Data Domain an Offer It Probably Can’t Refuse

John Paczkowski in News on July 6, 2009 at 8:33 am PT

NetApp has cleared all necessary U.S. regulatory hurdles to proceed with its acquisition of Data Domain, though it seems unlikely that the company will prevail now that rival EMC has trumped its bid for the storage vendor.

Data Domain to EMC: Nix, Null, Nein, Nyet, Non, Nuh-uh, Nope, Nay…

John Paczkowski in News on June 15, 2009 at 11:00 am PT

What part of “No” does EMC not understand? On Monday the company once again said its bid for data storage equipment maker Data Domain is “superior” to a competing offer from NetApp. This, despite the fact that Data Domain earlier in the day issued a statement recommending that shareholders reject EMC’s $30-a-share cash bid.

Jeff Bewkes's Internal Memo on the AOL Spinoff

Kara Swisher in News on May 28, 2009 at 11:42 am PT

Here’s Time Warner CEO Jeff Bewkes’s memo on the AOL spinoff, which was approved by the media giant’s board last night and announced this morning. BoomTown reported a lot of the deep details of the new structure of the online unit, which sweeps aside the previous one and includes a new venture unit. Here’s the memo.