‘stake’ Tagged Posts

Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO

The participation of Ballmer worth $ 800 million based on $ 21 billion market value of Twitter. Only co-founder Evan Williams and Saudi billionai...

 

Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO

The participation of Ballmer worth $ 800 million based on $ 21 billion market value of Twitter. Only co-founder Evan Williams and Saudi billionaire Prince Alwaleed bin Talal have more interest among individual investors.

Twitter shares rose 5.6 percent to $ 31.34 on Friday, hours after Ballmer tweeted from an unverified account that he developed his game over the last month.

His new Tweet hailed “moments” feature of Twitter, which is the best tweets commissioner of the day, and the appointment of Dorsey as permanent CEO last week.

“Bonn Twitter employment, innovation twitter moments, Jack Ceo, leaner, more focused” the tweet said. “I’m glad I bought 4% in recent months”.

Twitter declined to comment. Ballmer himself not return requests for comment.

Steve Ballmer, in February 2014 the Los Angeles Clippers bought after his retirement as CEO of Microsoft, has a personal fortune of about $ 21.5 billion, him 35th richest person do in the world, according to Forbes magazine .

But his support as an investor does not guarantee success on Twitter. Ballmer laughed famous iPhone first Apple Inc. and Microsoft shares fell over the 14 years of his leadership.

Ballmer now owns more than Twitter co-founder and CEO Dorsey, who owns 3.2 percent, according to Thomson Reuters data. Williams is the largest individual shareholder with about 7.5 percent, followed by Alwaleed by about 5.2 percent.

Similar to alwaleedbinT words tweeter of Ballmer said. Alwaleed and his investment company, Kingdom Holding Co <4280.SE>, said earlier this month that they had increased their stake in Twitter for more than 5 percent.

Ballmer investment is a sign that Twitter’s efforts to revive growth is appreciated in Dorsey, Monness, Crespi, Hardt & Co. Inc. analyst James Cakmak says

“I think it’s just another proof point that the step they are taking the company to growth is in resonance, & redirect” – Cakmak said.

Twitter has some new announcements Dorsey, who also served as CEO in 2008, returned on a permanent basis last week. Tuesday, Twitter said it will lay off about 8 percent of the workforce, and on Wednesday he hired Google Inc Executive Omid Kordestani as executive chairman.

FBN Securities analyst Shebly Seyrafi said the participation of Steve Ballmer may be a sign of widespread confidence in Dorsey and his strategy

“It depends on the time of investment. I’m not sure how many of its 4 percent before Dorsey was acquired was named interim CEO or Permanent”.

(Reporting by Yasmeen Abutaleb in San Francisco and Anya George Tharakan, Krishna Kumar and Devika Lehar Moon in Bengaluru, edited by Ted Kerr, Savio D’Souza and Bill Rigby)

Exclusive: Verizon eyes roughly $100 billion bid for Verizon Wireless stake

 

Exclusive: Verizon eyes roughly 0 billion bid for Verizon Wireless stake

Verizon Communications Inc. has hired advisers to prepare for a possible total of 100 billion dollars cash and stock to offer complete control over Verizon Wireless joint take venture partner Vodafone Group Plc two people familiar with the situation said on Wednesday .

Verizon, which already owns 55 percent of Verizon Wireless, has a proposal for Vodafone not yet filed, but the two banks and legal advisors hired for a possible bid, the sources said.

Verizon hopes to reach an amicable agreement on talks with Vodafone but is willing to take as the British company is not involved in the negotiations, one of the sources. Public auction

There is no guarantee that Vodafone will be in a contract or offer is realized according to the same sources. Interested

In the last decade, Verizon has little secret of his desire to his British partner of the joint venture, which is made to buy the No. 1 U.S. mobile operator. The sources said that Verizon is ready to aggressively push an agreement.

Verizon, taking advantage of the historically low interest rates and the strong share price, is convinced that the company could raise about $ 50 billion in bank financing, the sources rate. Use He plans to pay for the rest of the contract with its own shares, they added. The sources requested anonymity because the talks are confidential.

is expected to be held before the annual meeting of shareholders, one of the sources. Governance of Verizon

to discuss the details of a possible buyout Verizon Wireless next week at a meeting scheduled

Verizon spokesman Bob Varettoni declined to comment, but the statement said the U.S. telephone earlier this month, which he said it would be a buyer of their company Verizon Wireless Vodafone.

Verizon Wireless and Vodafone were not immediately available for comment Wednesday.

The challenge Verizon Wireless is about two-thirds of the market capitalization of Vodafone in the intended use. The company also offers Vodafone exposure to the U.S. market in full swing. But Vodafone has studied what to do with his involvement as CEO Vittorio Colao streamlines a company built on the foundations of the aggressive expansion.

Analysts said the sale of its stake in Verizon Wireless, Vodafone will be distributed to the shareholders, the purchase of fixed assets in Europe and to make the company an attractive takeover target for other telecom giants like AT & possible money back , T Inc.

For Verizon Communications, which is based on the activities of Verizon Wireless for growth, ownership give him much more flexibility because of the cash generated by the mobile business.

New Street analyst Jonathan Chaplin said he expects to ask Vodafone more but $ 100 billion was a good starting point.

“This is a good time for both parties to seriously consider a transaction. Vodafone is likely to ever get a better multiple than now,” said Chaplin. “Growth (Verizon Wireless) is likely to slow down over time, especially as Sprint and T-Mobile USA and AT & T better. “

Verizon came close to a deal in 2004 when Vodafone tried to buy AT & T Wireless, Cingular but lost sales at auction. This Agreement may Vodafone would bring its brand across the Atlantic and should be 45 percent to sell in Verizon Wireless.

If an agreement were to happen now, it would come at a time where the telecommunications industry has recently experienced a new round of consolidation efforts. MetroPCS Communications Inc. shareholders voted to approve a merger with Wednesday No.4 U.S. wireless provider T-Mobile USA, a subsidiary of Deutsche Telekom AG.

The merger came after 2011 effort Deutsche Telekom to sell to AT & T T-Mobile for $ 39 billion has been blocked by the U.S. antitrust supervisors. Verizon would likely encounter similar obstacles redemption of Verizon Wireless.

Meanwhile, Dish Network Corp., the supplier of the U.S. satellite No.2, last week offered to buy wireless carrier Sprint Nextel Corp. for $ 25 billion in cash and 5 shares, challenge a proposed between Sprint and Japan’s Softbank Corp.

BUILDING TAX transaction

One of the major obstacles to an agreement was up here hoping that Vodafone a tax bill of $ 20 billion to make if its interest, which means that Verizon would have to pay to sell it for the British company to make the effort a high price.

But according to the sources of a transaction is structured to achieve a final tax assessment likely $ 5000000000 or less.

According to the plan, Verizon would the U.S. holding company to acquire Verizon Vodafone importance of the British band wireless and certain other assets in countries like Germany and Spain have the sources said. This structure would order from Verizon enjoying a provision of the tax in the Netherlands called substantial relief for shareholders, they said.

exempted under certain conditions for capital gains realized on the sale of shares in companies in which the seller owns at least 10 percent of the stock and the amount of stock owned for at least a year, according to Robert Willens, an expert from New York accounting and tax and a professor at Columbia Business School.

Verizon Chief Financial Officer Fran Shammo said last week that he was convinced that they could buy without significant tax implications. Vodafone game He did not say how it would work.

“The proposed tax of $ 5000000000 legislation is in line with our estimate of the taxes they have to pay for individual international issues of Vodafone subsidiary which owns Verizon Wireless, “said Chaplin.

DEAL FINANCING

Verizon shares have risen has easily surpassed his young colleagues this year about 20 percent so far its wireless business in terms of profitability and growth of the customer, and the face of rising hope that it will buy the rest. Verizon Wireless

investors say that the conditions for an agreement have improved after the successful acquisitions Verizon’s stock prices and the low interest rates.

Any agreement that such an important part of the stock includes, however, mean dilution for the shareholders of Verizon Communications.

If the contract is for $ 100 billion, Chaplin said it would increase Verizon Communications in 2014 to finance. earnings per share by 25 percent, even after diluting the stock Verizon payments and interest on the part of the agreement by debt

“It would be the largest investment ever to be in debt but we think it could be done, “said Chaplin.

The sources said that Verizon has not launched a formal fundraising effort, but barriers to raise money for a deal.

So far no money this year, Vodafone shares rose about 23 percent after trailing in the last months of 2012. Recent acquisitions have been attributed by analysts to sell hopes participation in Verizon.

Yahoo in talks to buy stake in video site Dailymotion: report

 

Yahoo in talks to buy stake in video site Dailymotion: report

Yahoo Inc. is in talks to acquire a majority stake in Dailymotion, one of the most popular online video websites in the world, in what would be largest transaction Yahoo CEO since Marissa Mayer took the reins in July, The Wall Street Journal Tuesday.

Yahoo could buy up to 75 percent of Dailymotion, which is owned by the French company France Telecom-Orange telecommunications, the newspaper said, citing unnamed sources.

Dailymotion

could be worth about $ 300 million, according to the report, which noted that the agreement is not imminent and may fall apart.

“We are unable to confirm or deny or comment on speculation about possible talks between Yahoo and Orange at this time,” Dailymotion director Roland Hamilton said in an e-mailed statement.

Yahoo and France Telecom-Orange has declined to comment.

France Telecom-Orange Dailymotion acquired for $ 170 million by an agreement in two phases, with the completion of the transaction, the most recent in January. Editorial Dailymotion and management operate independently from France Telecom-Orange.

Dailymotion is the number 12 ranked online video web property in the world, according to comScore research industry. Dailymotion he says has 116 million unique visitors per month and more than 2 billion video views. Google Inc., which owns YouTube, is World No. 1 video on the web, while the ownership of several websites Yahoo was 10th on the list.

transaction would Dailymotion biggest transaction since Yahoo Mayer, a former executive of Google, took over last year. Yahoo has acquired several small businesses and mobile web startups since Mayer became chief executive last year.

Icahn builds Dell stake, complicating buyout: CNBC

 

Icahn builds Dell stake, complicating buyout: CNBC

activist investor Carl Icahn has built a stake of nearly 100 million shares of Dell Inc. and hopes that the PC manufacturer to perform a leveraged recapitalization, which attempts founder Michael Dell to take the private company, CNBC reported.

Icahn, known for management to shake, has an interest in Dell 6 percent of the company collected, CNBC cites sources close to the capital as saying Wednesday.

This would be the billionaire investor known for demanding business strategy, the largest shareholder after Southeastern Asset Management, based on already available data.

The network reported that Mr. Icahn Dell wanted to borrow as much as $ 9 billion and a special dividend to the shareholders, and probably against the agreement.

Shares of Dell closed almost 1.8 percent higher than $ 14.32.

Icahn did not respond to requests for comment.

Icahn on stage is usually companies – and their boards – on guard, because the outspoken activist investor has a reputation for aggressively demanding change by implementing investments in target companies

.

Michael Dell has signed an agreement to acquire privately No. 3 maker of personal computers, has made it into a dormitory in 1984 and works with the private equity house Silver Lake and Microsoft Corp. But 24400000000 dollar deal is set against a number of major shareholders from Dell, including Southeastern Asset Management, said the deal significantly undervalued the company.

Southeast wondered whether to partner with another company to a counter-offer many of Michael Dell, the Wall Street Journal to try, citing people familiar with the matter.

Southeast demanded Tuesday that Dell opens the books, signage, it would become more active in their opposition to the offer.

Blackstone Private Equity Group is looking Dell books under the go-shop period, although the group’s interest is preliminary at this stage, a source familiar with the situation.

Blackstone declined to comment.

A special committee of the board of directors of Dell said earlier Wednesday the pending sale of the PC manufacturer was the best option for shareholders, despite opposition from its shareholder interest outside.

The committee, that the situation of Dell analyzing more than five months, said he also considered alternatives such as leveraged recapitalizations, changing dividend policy, the sale of parts of the company and working with the business plan the company today.

active investment

Ichan, a billionaire investor who made his name in the 1980s with the hostile takeover of TWA, is known for its colorful speech – as during his now infamous expletive prey to the antenna spat with fellow -Wall Street player Bill Ackman on the future of Herbalife. It is also famous for having led fierce battles with management about what he sees as the right business strategy.

Some of his recent fights include an attempt to trucks and military vehicles OshKosh Corp., which was eventually abandoned support, and campaign for a dividend higher oil services company Transocean.

Beyond offering and buying shares on the public markets, the investor also lawsuits as a long struggle against Hollywood studio Lions Gate.

More recently Icahn reported a huge profit after buying a nearly 10 percent stake in Netflix Inc. in September, when he categorically stated that buyers are interested in video-streaming service waiting in the wings – not have emerged.

participation Dell Icahn likely to make it difficult for Michael Dell to buy the company, especially if the opposition decision.

Dell Special Committee is currently asking propose alternatives to many of Michael Dell. Investment bank Evercore conducts this process, which ends March 22.

Michael Dell’s goal is to make the difficult transition from a Dell computer manufacturer to facilitate a provider of business services as a private company, far from the eyes of Wall Street.

But since the deal was announced, some investors have said that the price was too low.

Shareholders representing nearly 14 percent of Dell’s actions, on the southeast with a participation of more than 8 percent, including options, said they would vote against the proposed acquisition. The third-largest shareholder, T. Rowe Price, has opposed the agreement.

(report Soyoung Kim, Poornima Gupta and Liana B. Baker, edited by Gerald E. McCormick, Grant McCool, Bernard Orr and Carol Bishopric)