Correspondent, Toronto, Canada
Alastair's Feed
Aug 28, 2015

Ashley Madison courted several buyers, landed none before attack

TORONTO (Reuters) – The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks.

Some unnamed investors wanted out, multiple attempts to close a deal or raise funds failed, and a public market debut looked increasingly unlikely, the documents show.

Aug 28, 2015

Insight – Ashley Madison courted several buyers, landed none before attack

TORONTO (Reuters) – The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks.

    Some unnamed investors wanted out, multiple attempts to close a deal or raise funds failed, and a public market debut looked increasingly unlikely, the documents show.

Aug 28, 2015

Insight – Ashley Madison courted several buyers, landed none before attack

TORONTO (Reuters) – The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks.

    Some unnamed investors wanted out, multiple attempts to close a deal or raise funds failed, and a public market debut looked increasingly unlikely, the documents show.

Aug 28, 2015

Ashley Madison parent company CEO quits after infidelity data hack

TORONTO, Aug 28 (Reuters) – Noel Biderman, the chief
executive of infidelity website Ashley Madison’s parent company
Avid Life, has left the company, weeks after hackers launched a
cyber assault that leaked sensitive data about millions of
clients.

Avid Life said on Friday the departure was by “mutual
agreement” and the company’s existing management would take over
until a new CEO is appointed.

Aug 25, 2015

TSX ends higher, helped by banks and energy shares

TORONTO, Aug 25 (Reuters) – Canada’s main stock index
finished modestly higher on Tuesday after surging as much as 3
percent following China’s decision to cut interest rates and
banks’ reserve requirement to kick-start economic growth.

The Toronto Stock Exchange’s S&P/TSX composite index
ended up 98.19 points, or 0.75 percent, at 13,150.93.

Aug 24, 2015

TSX battered in global rout, slumps most since late 2011

TORONTO, Aug 24 (Reuters) – Canada’s main stock index was
battered on Monday, swept along by the global market rout that
saw a nearly 9 percent plunge in Chinese stocks and sent
commodity prices tumbling.

The Toronto Stock Exchange’s S&P/TSX composite index
lost 420.93 points, or 3.12 percent, to close at
13,052.74, its steepest daily loss since late 2011.

Aug 24, 2015

Two people may have committed suicide after Ashley Madison hack-police

TORONTO (Reuters) – At least two people may have committed suicide following the hacking of the Ashley Madison cheating website that exposed the information of clients, Toronto police said on Monday.

Avid Life Media Inc, the parent company of the website, is offering a C$500,000 ($379,132) reward to catch the hackers, police said.

Aug 22, 2015

Major Ashley Madison investor stays faithful to embattled company

TORONTO (Reuters) – A major investor in infidelity website AshleyMadison.com’s parent company said the data breach of its systems was a concern for customers but would not affect his backing of the company.

The crisis engulfing Ashley Madison and parent Avid Life Media deepened on Thursday as lawyers filed a class-action lawsuit claiming $750 million in damages from the release by hackers of customers’ emails stolen from the company.

Aug 21, 2015

TSX sinks to lowest since Feb 2014 on global growth worry

TORONTO, Aug 21 (Reuters) – Canada’s main stock index sank
to its lowest in 18 months on Friday, capping a week of rapid
retreat on persistently grim global sentiment following more
disappointing data out of China.

Global equity markets plummeted toward their worst week this
year, while the beating in commodities continued as data out of
China showed manufacturing in the country was slowing at the
fastest pace since the financial crisis in 2009.

Aug 20, 2015

Ashley Madison founder emails leaked in new data dump

TORONTO (Reuters) – Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday.

The data dump by hackers who have attacked the site appears to include email messages linked to Noel Biderman, founder and chief executive officer of its Toronto-based parent company Avid Life Media.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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