Fidelity insiders chip away at customers’ yachts

October 5, 2016

That's the impression given when an exclusive VC fund affiliated with the $2.1 trln mutual-fund giant gets earlier, lucrative bites at investments in startups, benefiting the Johnson family which controls Fidelity. They need to ensure both the reality and perception of fairness.

Latest Apple rumor may vanish as fast as a McLaren

September 22, 2016

The iPhone giant may have approached the British supercar firm. Apple, though, has made few acquisitions, even to help it pioneer smartphones. While McLaren is high-tech, it's hard to see it taking Apple's car ambitions far. Fancy can run free when a company has $230 bln of cash.

Apollo wagers $4.3 bln on Amazonian capitulation

August 26, 2016

Leon Black's private-equity firm is taking Rackspace private as the cloud-computing firm has struggled to compete against Amazon, Microsoft and other tech heavyweights. If Rackspace's strategic shift to sell services on these platforms succeeds, Apollo will have a nice payday.

New planet may help Silicon Valley live its cliché

August 25, 2016

Proxima b, the just-spotted Earth-like body in the star system nearest the sun, could be reached in 20 years by a super-fast spacecraft being financed by tech titan Yuri Milner. Making our world a better place is a startup bromide. Visiting another would deliver on the promise.

Jack Dorsey may want to pull a Marissa Mayer soon

July 27, 2016

The Twitter CEO's plan to get the $13 bln social-media firm to take wing has been mostly ineffective. Revenue and user growth are slowing. Now would be a good time to find a suitor. The human news feed could find a home on the island of misfit media assets Verizon is assembling.

Yahoo fittingly closes portal on tech M&A misses

July 26, 2016

The $4.8 bln sale to Verizon caps two decades of deals and non-deals that shaped internet history. Yahoo got lucky with Alibaba, but failed to capitalize on its dominance with Google, Facebook and eBay. Spurning Microsoft also was a mistake. It's a one-company textbook on timing.

Microsoft’s CEO abandons prudence with LinkedIn

June 13, 2016

Satya Nadella’s $26 bln deal could reinvigorate the software giant’s slipping grip on corporate computer systems and employee interactions. Paying a 50 pct premium for a flawed business raises several red flags, however. Microsoft’s M&A record doesn’t inspire confidence, either.

Tom Perkins sails away from changed Silicon Valley

June 10, 2016

The swashbuckling investor, who has died at 84, pioneered the venture-capital model that gave rise to the likes of Google and Amazon. Famous for his antics outside the boardroom, Perkins ended up an outsider in the more buttoned-down corporate culture his money helped create.

Starboard pushes wrong button on Yahoo

March 24, 2016

The activist hit the nuclear option of trying to replace all the internet company’s directors. Starboard’s right that performance under CEO Marissa Mayer has been poor. But failure to secure control of the board could hobble its attempt to force a sale of Yahoo’s core business.

Cox: Time has come for Zynga to sell the farmville

By Rob Cox
March 3, 2016

Liquidating the $2 bln company and returning the proceeds to shareholders is probably the best option at this point. Unfortunately, the once high-flying videogame maker is entirely rigged by founder Mark Pincus. Zynga is a prime example of the problem with super-voting powers.