Articles about Sale

Yahoo! branded bus

Sky! Blue!, Oceans! Wet!, Yahoo! Overvalued!

Yahoo!'s planned sell-off of its core business may not end up bringing the cash return investors had hoped for. Citing sources familiar with the matter, The Wall Street Journal reports that Jerry and David's Guide to the World Wide Web is receiving bids of around $2-3bn on its core business, significantly less than the $4-8bn …
Shaun Nichols, 20 May 2016
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Foxconn spikes six-billion-dollar Sharp scoff – for now

The $5.6bn takeover deal for Foxconn to buy Sharp is on hold after the ailing Japanese company passed new information to its potential buyers at the last minute. "Most of the contents of the material information Foxconn received on Wednesday morning, before Sharp's board meeting began on Thursday, had not been previously …
Iain Thomson, 26 Feb 2016

Layoffs! Lawsuits! Losses! ... Yahoo! is! in! an! L! of! a! mess!

Yahoo! is seeing matters go from bad to worse this week as the Purple Palace says it will be cutting 15 per cent of its staff and looking at possible sell-offs, all while writing off $4.4bn of business value. The former Jerry and David's Guide to the World Wide Web said that it would be axing staff and dropping products as …
Shaun Nichols, 2 Feb 2016
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Onyx to erect 'for sale' sign outside corp HQ, say sources

Data centre and hosting slinger Onyx will erect a "for sale" sign outside its Stockton-on-Tees HQ in 2016, and the expectation from multiple sources is this will happen sooner rather than later. The private equity-backed business is working with adviser Deloitte to run the sale but as yet no Information Memorandum has been …
Paul Kunert, 19 Jan 2016
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Comparex: Just two buyers left in sales negotiations

Microsoft reseller titan Comparex has whittled down its list of prospective buyers to just two, The Channel can reveal. A sales process for the pan-regional reseller began some months ago with investment bank Jefferies sending out a commercial prospectus or Information Memorandum. Sources in the investment community told us …
Paul Kunert, 18 Sep 2015
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‘Dumb pipe’ Twitter should sell up and quit, says tech banking chap

Billions have been made in Silicon Valley by wrapping HTML angle brackets around 1980s protocols and calling it “innovation”. IRC became instant message, email became Facebook, and SMS became WhatsApp and Twitter. But the latter, having failed to add anything interesting for years, should cut its losses and find a buyer. So …

Administrator tries to squeeze blood out of Stone Computers' parent

Exclusive Senior execs at financially strapped Stone Computers Ltd (SCL) have bid £28.43m to buy the business in a pre-packaged sale after placing the parent company Stone Bidco into administration. But under pre-pack regs, administrator Duff & Phelps has to allow 45-days for someone else to make a rival offer and Stone founder and …
Paul Kunert, 28 Aug 2015

eBay flogs off eBay chunk for $925m as 'uncoupling' gets closer

Online tat bazaar eBay confirmed it is flogging off its eBay Enterprise division for $925m (£591m), while posting a seven per cent second quarter revenue increase to $4.4bn (£2.8bn). Total profits plummeted from $676m (£431m) to $83m (£53m) due to the $786m (502m) charge related to the sale of eBay’s enterprise unit. In …
Kat Hall, 17 Jul 2015

Symantec selling Veritas to private equity firm – report

Symantec’s soon-to-be-split-off Veritas business is destined for private equity ownership, according to Bloomberg. The buyer is said to be the Carlyle Group and it will pay something between $7bn and $8bn for a business, which has forecast $2.6bn annual revenues. It’s been noted for some time that there is no CEO identified …
Chris Mellor, 9 Jul 2015
Cuts to orange

Sync 'n' sod it: EMC might be shaping up to sell Syncplicity

EMC is set to sell is Syncplicity file sync'n'share business to a private equity firm, according to a Bloomberg report. Skyview Capital LLC is the aforementioned PE biz, and it says about itself: “We specialise in acquiring and unlocking unrealised potential within market-leading businesses across a variety of sectors.” …
Chris Mellor, 7 Jul 2015
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Attenda for sale this year? Not on your nelly, says CEO

App hosting and co-lo slinger Attenda was expected to be put up for sale by owner Darwin Private Equity later this year, but postponed the process, and it’s latest financials perhaps explain why. The venture capitalist backed an MBO of Staines-based Attenda in 2011 for £50m and multiple sources told us in May that it had eyed …
Paul Kunert, 19 Jun 2015
NuStar's view of the Sun

Spaniard sues eBay over right to sell the Sun

A Spanish woman has filed a lawsuit against eBay for the right to sell the Sun, El Mundo reports. Galician star-vendor Ángeles Durán is claiming €10,000 from the world's favourite tat bazaar after it blocked her attempts to offload bits of our solar system's nuclear furnace on eBay's Spanish and Italian tentacles. According …
Lester Haines, 5 Jun 2015

Co-op Bank's creaky IT should be flogged off, growls UK.gov

The Co-operative Bank's creaking IT is so shaky it should be sold off, according to senior government officials. Sources told The Times that the concerns centre on the bank’s disaster recovery plan. They suggested a bigger player should buy the bank and stabilise its IT system. The concerns reflect issues outlined in the bank …
Kat Hall, 1 Jun 2015

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015

Wanna buy a software reseller? Comparex big enough for you?

The Austrian parent of enterprise licensing specialist reseller and tech provider Comparex has hired an investment banker to sell the business, The Channel can reveal. According to multiple sources, Raiffeisen Bank has called on Jefferies to find a buyer, the formal process has started, and an Information Memorandum is being …
Paul Kunert, 22 May 2015
Maybe it won't look like this

Tesco tries to talk Tesco Mobile up from 'Value' to 'Finest' ahead of sale

Analysis Tesco is rumoured to be selling off Tesco Mobile, its mobile phone network. The move comes as no surprise, with the company hauling back to its core businesses after dismal results, recently writing down assets to post a loss of £6.4bn. Figures given for the value of the business sit at about £700m. This is on the basis of …
Simon Rockman, 13 May 2015

Adapt Managed Services to be sold this year, whisper sources

Managed services and cloudy hosting biz Adapt is putting corporate finance houses through their paces before choosing one to manage a sale of the operation. Private equity firm Lyceum Capital coughed £30m for a majority stake in London-based Adapt in 2011 and multiple sources reckon the business will be on the market again …
Paul Kunert, 21 Apr 2015

Sources: Coms calls on corporate financer to flog telco biz

Embattled London-listed corporation Coms plc has tasked Knight Corporate Finance with finding a buyer for its voice division – and sources tell us that time is of the essence. The business comms outfit, which split with CEO David Breith in February after a boardroom bust-up, enlisted Paul Billingham, founder at Knight, last …
Paul Kunert, 17 Apr 2015

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