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SEC Watch: Activist Hedge Fund Harbinger Cuts NYT Stake To 14.6 PercentHarbinger Capital Partners continues to slice its stake of the New York Times (NYSE: NYT). Co., selling its second batch of stock in two months. The activist hedge fund that spent more than a half-billion accumulating nearly 20 percent of the ... |
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High-Profile BusinessWeek Staffers Cut By Bloomberg; Using Twitter To Break The NewsSeveral well-known BusinessWeek columnists and editors are among the 100 staffers Bloomberg has cut when the magazine’s ownership is transferred next month. Some of the names include senior reporter Stephen Baker, Technology & ... |
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MTVN And RealNetworks Talking on Reorg of Rhapsody Music JV; Could Include Spinoff/SaleThis is not a surprise considering the continued decline of Rhapsody music service in the face of lots of new competition and the general malaise in the digital music market: MTV Networks (NYSE: VIA) and RealNetworks (NSDQ: RNWK) are talking a... |
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College Admissions Site MyFit Raises $1 MillionMyFit has raised $1 million in a round led by VC firm New Enterprise Associates. The site takes the information a student enters (like GPA or SAT scores) and returns a student’s chances of getting in—and fitting in—at various... |
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Ebay Successfully Spins Off Skype For $1.9 Billion CashAfter all the legal craziness, eBay (NSDQ: EBAY) has closed its deal to sell control of Skype to an investment group led by Silver Lake for $1.9 billion in cash and a $125 million note. The group acquiring 70 percent of Skype in the deal value... |
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Chegg Raises An Ungodly $112 Million For Online Textbook Rental ServiceLooks like VCs are really loosening their wallets. College textbook rental service Chegg says it has raised a stupendous $57 million in a fourth round of funding. It’s the latest company to pull in a big round this month; RockYou, Motley... |
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