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Elon Musk's Twitter Soap Opera Continues: Poison Pill, Thoma Bravo's Competing Bid, Tesla CEO Scouting Partners
Saturday, April 16, 2022 - 7:52am | 675Ever since Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk disclosed a passive stake in Twitter, Inc. (NYSE: TWTR), things have progressed at a frenetic pace. The Elon Musk-Twitter plot is thickening with the passing of each day, and the weekend brought a lot of twists and turns, making the whole saga...
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SoulCycle Owner In Talks For Investment To Boost Competition With Peloton: Reports
Friday, January 10, 2020 - 1:56pm | 264Fitness club company and SoulCycle owner Equinox is close to reaping an investment from private equity firm Silver Lake to help it expand its at-home exercise platform to better compete with Peloton Interactive Inc (NASDAQ: PTON). Bloomberg reported Thursday afternoon that luxury gym operator...
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Is Twitter A Buyout Target? This Chart Might Shed Some Light On The Issue
Monday, February 1, 2016 - 4:38pm | 342The past few months have not been great for Twitter Inc (NYSE: TWTR). Even though founder Jack Dorsey returned as CEO, the company has struggled to get back on track. Since Dorsey took control, a number of top executives have announced their departures and more than 300 employees were fired,...
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GoDaddy Is Going Public And Its Ticker Symbol Will Be GDDY
Thursday, March 19, 2015 - 12:28pm | 332In times of few IPOs in the U.S., domain name registration and website hosting giant GoDaddy Inc. has filed for an initial public offering of at least 22 million Class A shares. The offering is expected to be priced between $17 and $19 a share, valuing the company at up to $2.87 billion...
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Southeastern Sells Over Half Of Its Dell Shares To Icahn To Fight Dell
Monday, August 12, 2013 - 3:51pm | 415In a letter to investors disclosed Monday, Southeastern Asset Management disclosed that it had sold over half of its shares of Dell (NASDAQ: DELL) to Carl Icahn (NYSE: IEP) in an attempt to bolster Icahn's war chest and prevent the takeover offer from CEO Michael Dell and Silver Lake Partners from...
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Icahn Enterprises To Now Release Material Information On Twitter
Monday, August 12, 2013 - 12:49pm | 420Icahn Enterprises (NYSE: IEP), the investment firm controlled by Carl Icahn announced that they will use the official twitter of Carl Icahn to release "material, non-public information." His twitter handle is @Carl_C_Icahn. New Positions And Investment Ideas On Twitter In an SEC...
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UPDATE: Reuters Reports Blackberry In Talks To Go Private
Friday, August 9, 2013 - 7:43am | 201Reuters reported overnight that Blackberry (NASDAQ: BBRY) is "warming up to the possibility of going private" as the famed smartphone maker battles to stay solvent. Reuters cited an exclusive conversation with CEO Thorsten Heins that the Board of Directors is increasingly open to the idea as the...
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Barron's Recap: Netflix Versus The TV Titans
Sunday, August 4, 2013 - 9:56am | 872This weekend in Barron's online: the future of TV, what's next for the Dell buyout, upcoming IPOs and the prospects for Green Mountain Coffee Roasters and Franklin Resources. Cover Story "The Future of TV" by Alexander Eule. Netflix (NASDAQ: NFLX) is having a good summer, points out Barron's,...
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Michael Dell and Silver Lake Backtrack on Previous Remarks, Raise Bid to $13.75 Cash (DELL)
Wednesday, July 24, 2013 - 8:50am | 663Backtracking on previous remarks, Michael Dell and Silver Lake Partners have increased the offer to purchase all of the shares of Dell (NASDAQ: DELL) to $13.75 per share from the previous offer of $13.65 per share. The increase represents additional value to shareholders of $150 million,...
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Dell Shares Spike and Sell-Off As Carl Icahn Says 'Will Make A Higher Offer By Tomorrow Morning'
Thursday, July 11, 2013 - 4:35pm | 371In an interview with Bloomberg television, famed activist investor Carl Icahn reiterated his view that the buyout offer for Dell (NASDAQ: DELL) by CEO Michael Dell and private equity group Silver Lake's offer of $13.65 per share for the company undervalues the company. He notably said that he "...
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Dell Shares Climb As ISS Recommends Go-Private Offer, Ignore Icahn Bid
Monday, July 8, 2013 - 8:45am | 506Influential investor group ISS Proxy Advisory Services Monday morning announced that it supports Michael Dell and Silver Lake's offer to take Dell (NASDAQ: DELL) private. The pair has previously offered to take the company private at $13.65 per share. "ISS recommends clients vote FOR this...
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Blackstone Withdraws from Dell Deal – Icahn Still in the Ring
Friday, April 19, 2013 - 10:41am | 603First, there were three. Now, there are two. Reuters reported Friday that The Blackstone Group L.P. (NYSE: BX) has withdrawn its offer to buy Dell (NASDAQ: DELL). This leaves founder Michael Dell and his private equity partner, Silver Lake Partners, in the driver’s seat. Activist investor Carl...
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Barron's Recap (3/30/13): Michael Dell's Folly
Sunday, March 31, 2013 - 2:17pm | 874This weekend in Barron's online: the drama over a buyout for Dell, beneficial share buybacks, outraged Russian investors, and the prospects for Eaton, STMicroelectronics and Ruby Tuesday. Cover Story "Michael Dell's Folly" by Andrew Bary. Now that Blackstone Group (NYSE: BX) and activist...
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For Yahoo, It's Deja Vu. All Over Again.
Thursday, October 20, 2011 - 9:46am | 841Yogi Berra is famous for his skill with the Yankees, as well as some of his "Yogisms" in which he says nonsensical things that have somehow made their way into pop culture. Now you can apply a "Yogism" to the world of finance. Last night, a tweet from Wall Street Journal reporter Anupreeta Das...
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Yahoo To Be Bought by AOL?
Thursday, October 14, 2010 - 10:09am | 363The Wall Street Journal is reporting that AOL (NYSE: AOL) and some private equity firms are thinking about buying Yahoo (NASDAQ: YHOO). While there is nothing confirmed at this point, and even the WSJ says Yahoo doesn't know about it yet, but the rumors alone sent Yahoo's stock up 13% in after...