Initial Public Offering
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News Roundup: SKIL Infra To Raise Rs 2,500Cr
VC Circle &bull Today
SKIL Infra To Raise Rs 2,500Cr - SKIL Infrastructure is raising Rs2,500 crore by selling less than 20% stake in two phases that includes a private placement to overseas funds besides a public issue. The transaction will value the group holding company at around $2 billion. SKIL top management recently went on a… Full Story »
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On the GreenBeat: Cisco to acquire Arch Rock, Tesla fires back at GM
Venture Beat &bull Yesterday
Cisco delves deeper into the smart grid market by announcing today its plans to acquire Arch Rock Corp , a privately held company that makes IP-based wireless technology company for smart grid applications. This comes on the heels of yesterday's… Full Story »
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Burger King to Sell Itself to 3G for $4 Billion
New York Times - DealBook &bull Yesterday
Burger Kingagreed on Thursday to sell itself to the investment firm 3G Capital for about $4 billion, including the assumption of debt, marking the second time in eight years that the fast-food giant has taken itself private. Under the terms… Full Story »
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News Roundup: Catamaran In Talks For A Stake In CARE
VC Circle &bull Yesterday
Catamaran In Talks For Stake In CARE - NR Narayana Murthy's venture capital firm Catamaran is in preliminary talks to buy 5-7% in rating agency Credit Analysis Research (CARE) from some existing investors. Those looking to sell their stake are asking for around Rs100 crore and the investors looking to exit include ING Vyasa Bank. The news comes after private equity… Full Story »
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Twitter Japan Ad Sales Are Over $3 Million For The Year
Silicon Alley Insider &bull Sep 1, 2010
How well is Twitter's monetization going? Other than to say it's going "better than expected" COO Dick Costolo and company are fairly tight-lipped. Luckily, Twitter Japan - run by Tokyo-based Digital Garage Inc.- is not so discrete. Digital Garage predicts… Full Story »
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Googler Turns Down $500,000 Cash Bonus To Quit And Join Facebook (GOOG)
Silicon Alley Insider &bull Sep 1, 2010
Facebook is recruiting like crazy right now and Google is doing everything it can do to hang on to employees. TechCrunch's Mike Arrington says the company offered one employee a 15% raise and $500,000 retension bonus. The employee turned it… Full Story »
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Active Network Signs Twin Cities, Eyeing IPO?
Socal Tech &bull Sep 1, 2010
San Diego-based Active Network said this week that it has signed the Minneapolis Park and Recreation Board (MPRB) and Saint Paul Parks and Recreation, the two largest parks and recreation organizations in Minnesota, as a customer. According to Active, the… Full Story »
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New boss takes the wheel at GM
CNN Money &bull Sep 1, 2010
FORTUNE -- Once upon a time another Naval Academy graduate, Ross Perot, tried to right troubled General Motors Corp. as an activist director. Now it's the turn of Dan Akerson, class of 1970 and a telecoms executive-turned-private equity specialist. Akerson, a GM director, takes over on Sept. 1, the fourth GM CEO in 18 months. His promotion from a GM board seat caps a turbulent period for the company's management that began with the firing of Rick Wagoner shortly before the automaker's bankruptcy and refinancing by the U.S. government. He replaces Ed Whitacre Jr., a… Full Story »
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Institutional Venture Partners aims for big exits with $750M fund
Venture Beat &bull Sep 1, 2010
Institutional Venture Partners, a Menlo Park, Calif. firm whose portfolio includes hot startups like Twitter, Zynga, and Ngmoco, announced today that it has raised a new $750 million fund. With the money, General Partner Todd Chaffee said IVP will continue… Full Story »
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CEOs For Sale! Come and Get Your CEOs!
TechCrunch &bull Sep 1, 2010
I've heard from two sources close to the Digg CEO search that there were a glut of good candidates. That's something companies always say, and I frankly found it hard to believe. I don't necessarily mean that as a knock on Digg. I was surprised there were a ton of "great" CEO candidates to… Full Story »
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Fallbrook Technologies Raises $6M
Socal Tech &bull Aug 31, 2010
San Diego-based Fallbrook Technologies, a developer of continuous variable transmissions for the electric car and other industries, has raised $6M more in venture capital, according to an updated S-1 from the firm. The company, which is in registration for an… Full Story »
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Integrien Acquired By VMware
Socal Tech &bull Aug 31, 2010
Irvine-based Integrien, a developer of enterprise IT monitoring software, has been acquired by VMware, according to VMware. The deal was worth $102M, according to sources close to Integrien. The acquisition was a big win for Southern California's investors, particularly from… Full Story »
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Raise Money Now. There Are Storms Ahead
Silicon Alley Insider &bull Aug 31, 2010
One year ago I predicted that in 2010/11 the economy, far from being on the path of permanent recovery was on a temporary resurgence and there was a strong possibility of a "double dip" recession. My advice to entrepreneurs was and is "when the hors d'oeuvres tray is being passed take two" (e.g. raise money now to weather any storms). My original thinking from Oct '09 was, while I didn't (and still don't) have a crystal ball I worried that: consumers were over-stretched with debt (and make up 77% of the economy), unemployment would continue to rise, which in turn… Full Story »
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Logan's Roadhouse to be sold
Biz Journals &bull Aug 30, 2010
Nashville-based Logan's Roadhouse is being purchased by private equity firm Kelso Company. The move comes just three months after Logan's parent company LRI Holdings Inc. filed for an initial public offering that sought to raise $200 million. Terms of the deal were not disclosed. Logan's has been owned since 2006 by affiliates of Bruckmann, Rosser, Sherrill Co. Inc., Black Canyon… Full Story »
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A potential $5B deal: Has Cisco made an offer to acquire Skype?
Venture Beat &bull Aug 30, 2010
Cisco has reportedly made an offer to acquire internet phone firm Skype before it completes its planned initial public offering, according to Techcrunch. Techcrunch said the rumor came from one of its more reliable sources but it has not been… Full Story »
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News Roundup: InterGlobe In Talks To Acquire Kale Consultants
VC Circle &bull Aug 30, 2010
InterGlobe In Talks To Acquire Kale Consultants - Gurgaon-based InterGlobe is in talks for acquiring Mumbai-based Kale Consultants, an information technology services and solutions provider for the travel industry. The deal is at the due diligence stage. DB Realty To… Full Story »
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Connecting the Dots: How New Job Creation, IPO's, and Venture Capital in America Are Intimately Linked
Pascals View &bull Aug 28, 2010
Everybody agrees that, without meaningful job growth, America will not emerge from its current deep economic funk. There is plenty of debate, however, over what drives that job creation engine in our country. I've recently read several interesting reports that touch on parts of the American job growth conundrum but do not tie them together. The Importance of Startups in Job Creation and Job Destruction bases its findings on… Full Story »
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Etsy, The Hipster's eBay, Raises $20M; Plans IPO Next Year
Alarm Clock &bull Aug 27, 2010
Brooklyn-based Etsy has raised another $20M in its fifth venture round. Index Ventures is the new investor leading the round. Previous investors Accel and Hubert Burda Media put in some money as well in this round. If you are not… Full Story »
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How Angels Can Get Liquidity
Silicon Alley Insider &bull Aug 27, 2010
Lots of talk these days about new forms of angel/seed capital. But less talk about the most vexing issue facing the venture ecosystem over the past decade - that being the shrinking amount of liquidity on the way out. If you look at how much money has been raised by venture firms, including the seed and super seed categories, versus how… Full Story »
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Etsy Raises $20M Led by Index Ventures
GigaOm &bull Aug 27, 2010
Updated: Etsy, the "eBay for crafts," has raised a new $20-million round of financing - its fifth - according to several reports, as sales at the user-generated site continue to grow rapidly. The funding is from a group of venture… Full Story »
