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Sunday, September 21, 2014

Alibaba IPO makes it worth $231 billion, more than Amazon and eBay combined

byRichard Lawler|@Rjcc|2 days ago

We'd heard that the US IPO for Chinese company Alibaba could be among the biggest ever, and it did not disappoint. Closing at a stock price of $93.89, it raised $21.8 billion for the company and is the biggest IPO in US history. According to Bloomberg, it could become the biggest ever (topping Agricultural Bank of China's $22 billion IPO in 2010) if underwriters make use of an option to buy more shares, which market observers expect they will. Now that Alibaba has joined the club of recent tech IPOs like Facebook and Twitter and it has cash to throw around, many wonder if it will start acquiring smaller companies the way its Silicon Valley rivals have lately. Despite being mostly unknown in the US Alibaba is massive in China, operating sales platforms described as similar to Amazon, eBay and Paypal, and Reuters says it controls more than 80 percent of online sales there. Jack Ma (pictured above) founded the company in his apartment in 1999 and is now China's richest man, personally worth some $18 billion as of market close, according to the Wall Street Journal.

[Image credit: PETER PARKS/AFP/Getty Images]

Source: Reuters, Wall Street Journal, New York Times, Bloomberg, Politico

Tags: Alibaba, AlibabaGroup, china, ecommerce, ipo, jackma, nyse, Taobao, tmall Hide Comments 0Comments

Tuesday, August 5, 2014

Fox withdraws his $ 80 billion offer to buy Time Warner

BYChris Velazco @chrisvelazco1 hours ago

Twenty-First Century Fox Time Warner Bid

By now it's no secret that 21st Century Fox a multi-billion dollar only on Time Warner created, only to get unceremoniously shot by TW the head honchos. Both companies typically held mother after the New York Times first broke the story, but now things have come to a head: Fox has admitted defeat and officially withdrew its $ 80 billion to offer. Had the deal gone through, the resulting content titan would have had with huge power over the media world--it should be in control of HBO, Turner's TV channels (minus CNN, which would have is spun out), Fox's broadcast network, Fox News, and two big names movie studios. Rupert Murdoch clearly saw the benefits of a mash-up, so why back off now?

To hear him tell the story, Time Warner combined with a sinking stock price just stocking the deal impossible. The decision may not seem like a surprise--after all, Fox said in a statement that it is no longer in talks with Time Warner was once word of the talks went public--but some still expected Rupert Murdoch to push even harder for a merger during today's earnings conference call. Say what you will about the guy: he can drive a pretty hard bargain when it comes to things he wants to and Reuters said earlier this week Fox was supposedly gearing up to offer a modest inflated amount. Even now, some suspect that withdrawal of the offer is just another Murdoch trick, but an anonymous source told USA Today that this is the real thing. We'll just see about that.

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Source: Bloomberg

Tags: broadcast, cable, fox, hdpostcross, fusion, timewarner following: explore the Moon and Mars with Google Maps. fyre. fyre-commentary-divider > span. fyre-comment-reply-wrapper {top: 18px;}.fyre. fyre-commentary-dividing line a, >. fyre-fyre-comment-a dividing line >.: hover {top: 20px;} AboutAbout AdsCommunityForumsEngadget guidelinesReviewsProduct reviewContributeSend EngadgetContact usAdvertiseAbout reviewsWrite a MetaCommunity our us a tip!Add it to our discussionAsk a questionLive eventsEngadget databaseWrite a LivePopular a ExpandEngadget review Start EngadgetEngadget AppsMore topicsMobileHDAltSoftwareAppleFollow Apps from Engadget

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Wednesday, May 21, 2014

AT & T multi billion dollar buy DirecTV could depend on... Football?

An idyllic Sunday afternoon with news of a multibillion-dollar takeover of AT & T and DirecTV ruined people and - surprise, surprise - have not stopped to talk about yet. It is at least partly due to a clause in interesting break the two parties have developed: AT & T can wash your hands of the acquisition if DirecTV somehow locking up the rights to NFL Sunday ticket for a couple of years to do.

Not a fan of pigskin? Sunday ticket subscribers receive access to the full set of NFL games, not by local television affiliates in Exchange for approximately $39 per month (you can pay natch mobile, a bit more access) are managed. Finally something like 2 million 20 million DirecTV customers for everything pay fame - rust shows count, assuming that all figures for the General Plan (which is certainly not the case), a little back of the napkin math, that DirectTV more than 1.32 billion $ this customers can annually earn. Disable the rights to offer that cost a these games of football DirecTV large tranche of 4 billion $ for 4 years, so advantage of entertaining is not so impressive, but there is little me require the at & t is so interested. If we want to be honest, you can chances of DirecTV mucking things of his NFL deal are very low, but it's always interesting to see what (if present) throw roadblocks that these two giants closer pulling each other. 0 comments to share

Via: the point

Source: SEC

Tags: Nfl Sundayticket after acquisition, DIRECTV, and att: completed the game a remarkable reversal of two years during the publication of (re) .fyre .fyre-comment-divider

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Tuesday, May 13, 2014

NBC's $7 billion Olympics deal will keep the games tied to cable TV until you're old

We hope you love how NBC handles its Olympic Games broadcasts, because it just locked up broadcast rights on TV, internet and mobile devices until 2032. NBC previously outbid rivals from ABC/ESPN and Fox with a $4.38 billion offer for the broadcast rights through 2020, and the new extension runs things out for twelve more years at a price of $7.65 billion, with a tiny $100 million signing bonus "for the promotion of Olympism" between 2015 and 2020. The good news, is that NBC has at least seen the light on live broadcasting, and made all the events (except for the Opening Ceremony) available for viewing as they happened on the internet or TV during the 2014 Winter Games. Of course -- rather predictably since NBCUniversal is owned by Comcast -- it's still tying access to those internet streams to having a cable or satellite TV subscription, and it seems unlikely that will change any time soon.
[Image credit: Paul Drinkwater/NBC/NBCU Photo Bank via Getty Images]

Comcast Universal's Brian Roberts and IOC President Thomas Bach sign agreement for NBC to broadcast Games till 2032 pic.twitter.com/GNbCCrvrK9
- Patrick Sandusky (@PatrickSandusky) May 7, 2014