Liana's Feed
Oct 28, 2015

Sports fantasy trade group creates control board, wants to self-regulate

Oct 27 (Reuters) – The trade association of the U.S. fantasy
sports industry said Tuesday it has created a control board to
oversee the fast-growing, multibillion industry and avoid
outside regulation as it faces scrutiny following a recent
scandal.

The Fantasy Sports Trade Association named Seth Harris, who
was acting U.S. secretary of labor in the Obama administration,
to run the board.

Oct 28, 2015

IBM nears deal to buy Weather Company’s digital assets -source

Oct 27 (Reuters) – International Business Machines Corp
is nearing an agreement to buy the Weather Company’s
digital assets in a deal that could be announced as soon as this
week, according to a source familiar with the matter.

The deal, which will not include the Weather Channel cable
network, would be valued at more than $2 billion, the Wall
Street Journal reported earlier on Tuesday, citing sources. (on.wsj.com/1P3rTAZ)

Oct 16, 2015

Nevada orders daily fantasy sports shut down as unlicensed gambling

Oct 15 (Reuters) – Fantasy sports operations, in which fans
pay to compete for daily cash prizes in simulated athletic
contests, were ordered shut down in Nevada on Thursday by the
state’s Gaming Control Board, which found they constitute
unlicensed gambling.

The decision came a week after U.S. Senate Democratic leader
Harry Reid of Nevada called on Congress to examine fantasy
sports services after reports that an employee with access to
insider information placed bets in the unregulated
multibillion-dollar industry.

Oct 16, 2015

Nevada regulator says daily fantasy sports is gambling, requires license

Oct 15 (Reuters) – Nevada’s Gaming Control Board, the
regulatory body that oversees gambling in the state, said on
Thursday that it considers daily fantasy sports to be gambling
that requires companies offering it to be licensed if they want
to operate in Nevada.

A.G. Burnett, chairman of the gaming regulator, said in a
statement on the board’s website that daily fantasy sports
contests where players wager money fit the definition of
gambling. Any companies that offer daily fantasy sports and are
operating without a license in Nevada need to cease and desist,
Burnett said.

Oct 13, 2015

EMC executive and his GM past played key role in EMC-Dell mechanics

NEW YORK (Reuters) – As a young investment banker in the 1990s, Harry You learned about an obscure General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) security called a ‘tracking stock.’ As an EMC Corp (EMC.N: Quote, Profile, Research, Stock Buzz) executive working on selling the data storage company to Dell Inc, he helped revive it.

The addition of a tracking stock for VMware, a software maker majority-owned by EMC, is a critical part of Dell’s $67 billion deal for EMC struck on Monday, the biggest technology acquisition ever if it goes ahead.

Oct 11, 2015

Exclusive: EMC to shop itself after deal with Dell – sources

By Liana B. Baker

(Reuters) – EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc [DI.UL] as early as Monday, is also planning to seek out other suitors, according to people familiar with the matter.

EMC has asked for a ‘go-shop’ provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company, the people said.

Oct 11, 2015

EMC to shop itself after deal with Dell-sources

Oct 11 (Reuters) – EMC Corp, the data storage
company that is preparing to unveil an agreement to be acquired
by personal computer maker Dell Inc as early as Monday,
is also planning to seek out other suitors, according to people
familiar with the matter.

EMC has asked for a ‘go-shop’ provision to be included in
the merger agreement that will allow it to solicit bids from
other parties and pay a discounted breakup fee to Dell if there
is a deal with another company, the people said.

Oct 9, 2015

Online training firm Pluralsight prepares 2016 IPO: sources

By Liana B. Baker

(Reuters) – Pluralsight LLC, a startup that offers online courses on computer programming and software development, is hiring banks as it plans to go public, potentially valuing the company at more than $1 billion, according to people familiar with the matter.

The company expects to file an initial public offering registration statement with the U.S. Securities and Exchange Commission in the first quarter, the people said this week.

Oct 9, 2015

SolarWinds confirms it is exploring strategic alternatives

Oct 9 (Reuters) – SolarWinds Inc, a U.S. provider of
information technology management software to businesses, said
on Friday that it was exploring strategic alternatives after
Reuters reported the company was in talks to sell itself.

SolarWinds, which has a market capitalization of close to
$3.5 billion, said it was conducting the review in response to
an unsolicited expression of interest from a third party it did
not name.

Oct 9, 2015

Exclusive – SolarWinds in talks with buyout firms about a sale

By Liana B. Baker and Greg Roumeliotis

(Reuters) – SolarWinds Inc, a U.S. provider of information technology management software to businesses, is in talks with several private equity firms about a leveraged buyout, according to people familiar with the matter.

The company, which has a market capitalisation of close to $3.5 billion (£2.3 billion), is working with an investment bank, the sources said this week. They said the talks might not progress and that the company might decide not to sell itself.