Archive
Reuters blog archive
from DealZone:
Deals wrap: eBay’s $2.4 billion GSI buy
EBay said it plans to buy e-commerce company GSI Commerce, which owns Web businesses such as the flash site Rue La La and ShopRunner, for $2.4 billion. Ebay said it will offer shareholders of GSI $29.25 per share, a 51 percent premium over its closing price on Friday.
Tabula announced $108 million in funding, one of the largest venture rounds in a decade for a chip company, writes VentureBeat’s Matt Marshall. The company says it can create programmable logic devices for $200, compared to a cost of more than $1,000 offered by competitors.
Despite soaring valuations of tech companies and warnings that the bust a decade ago may be repeated, there are notable differences between the dot-com boom and now, write Evelyn M. Rusli and Verne G. Kopytoff of the New York Times. Today, the stock market is not glutted with offerings and attractive tech start-ups like Groupon have real businesses — not just “eyeballs and clicks”. But, as cash continues to pile up, the fear is that all the money cannot be put to work responsibly, they add.
Well-known Canadian clothiers Le Chateau, Jacob and Reitmans could become takeover targets as a wave of U.S. retailers follows Target's lead and seeks opportunities north of the border.
from Fan Fare:
Fans seek midnight romance under light of “New Moon”
Fans lined up Thursday night at movie theaters to be among the first to get bitten by the "New Moon" phenomenon, the sequel to last year's "Twilight." The vampire romance movie ended up setting a box office record of $26.3 million for those midnight screenings by drawing fans like the ones profiled in our Fan Fare video below.
Who will go to "New Moon?" Lots of teen girls, for sure, but also moms who are into the story, young women and the men they drag along on dates. Those groups are expected to snap up tickets to the tune of about $100 million at U.S. and Canadian box offices this weekend. That's a lot of howling at the "New Moon."
