Liana's Feed
Oct 9, 2015

Exclusive: SolarWinds in talks with buyout firms about a sale – sources

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 capitalization of close to $3.5 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.

Oct 9, 2015

SolarWinds in talks with buyout firms about a sale -sources

Oct 9 (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 capitalization of close to
$3.5 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.

Oct 8, 2015

NII Holdings to explore options for Brazilian Nextel unit -sources

NEW YORK/SAO PAULO, Oct 8 (Reuters) – Latin American mobile
service provider NII Holdings Inc is planning to
explore strategic alternatives for its Brazilian unit, which
operates under the Nextel brand, according to people familiar
with the matter.

NII, which has a market capitalization of about $700
million, has spoken to investment banks in recent weeks about
hiring a financial adviser to explore its options, including a
potential sale, the people said this week.

Oct 8, 2015

Exclusive: NII Holdings to explore options for Brazilian Nextel unit – sources

NEW YORK/SAO PAULO (Reuters) – Latin American mobile service provider NII Holdings Inc (NIHD.O: Quote, Profile, Research, Stock Buzz) is planning to explore strategic alternatives for its Brazilian unit, which operates under the Nextel brand, according to people familiar with the matter.

NII, which has a market capitalization of about $700 million, has spoken to investment banks in recent weeks about hiring a financial adviser to explore its options, including a potential sale, the people said this week.

Oct 7, 2015

Analysis: Fantasy sports companies’ ambitions tested by scrutiny from lawmakers, regulators

By Liana B. Baker

(Reuters) – The world of fantasy sports is having to grow up
fast.

Everything seemed to be going great for rapidly growing
companies whose customers, after paying an entry fee, draft
fantasy player lineups from a range of sports for periods as
short as a day in the hope of winning big cash prizes. Investors
poured money into the top two U.S. companies, DraftKings and
FanDuel, ahead of the current National Football League season,
the busiest time of the year for fantasy sports.

But in the past few weeks the nascent industry has attracted
the attention of lawmakers and government officials, and that
will mean probes and hearings that could eventually lead to
restrictions on how the companies operate. The companies are
scrambling to respond by taking on external advisers and law
firms, tightening policies and ordering their own
investigations.

Oct 7, 2015

Fantasy sports companies’ ambitions tested by scrutiny from lawmakers, regulators

By Liana B. Baker

(Reuters) – The world of fantasy sports is having to grow up fast.

Everything seemed to be going great for rapidly growing companies whose customers, after paying an entry fee, draft fantasy player lineups from a range of sports for periods as short as a day in the hope of winning big cash prizes. Investors poured money into the top two U.S. companies, DraftKings and FanDuel, ahead of the current National Football League season, the busiest time of the year for fantasy sports.

But in the past few weeks the nascent industry has attracted the attention of lawmakers and government officials, and that will mean probes and hearings that could eventually lead to restrictions on how the companies operate. The companies are scrambling to respond by taking on external advisers and law firms, tightening policies and ordering their own investigations.

Oct 7, 2015

Morgan Stanley hires tech banker from Credit Suisse – memo

Oct 6 (Reuters) – Morgan Stanley has appointed
longtime Credit Suisse Group AG technology banker
Anthony Armstrong to help lead its global technology mergers and
acquisitions group, according to a Morgan Stanley memo seen by
Reuters.

In his new role, Armstrong will work as co-head alongside
Mike Wyatt. Armstrong will start in three months in Menlo Park,
California.

Oct 6, 2015

MLB seeks explanation from DraftKings after disclosure about employee winnings

By Liana B. Baker and Steve Ginsburg

(Reuters) – Major League Baseball said on Tuesday it was
surprised to learn that fantasy sports operator DraftKings, in
which it has an equity investment, allowed its employees to
participate in contests and has reached out to the company to
discuss the matter.

A DraftKings employee recently won $350,000 from a $25 entry
fee in an American football contest and had other major winnings
on rival website FanDuel, the companies confirmed on Monday.

Oct 6, 2015

Major League Baseball talks to DraftKings after revelation about employee winnings

By Liana B. Baker and Steve Ginsburg

(Reuters) – Major League Baseball said on Tuesday it was surprised to learn that fantasy sports operator DraftKings, in which it has an equity investment, allowed its employees to participate in contests and has reached out to the company to discuss the matter.

A DraftKings employee recently won $350,000 from a $25 entry fee in an American football contest and had other major winnings on rival website FanDuel, the companies confirmed on Monday.

Oct 1, 2015

Chipmaker PMC-Sierra taps Qatalyst to pursue sale-sources

Oct 1 (Reuters) – Chipmaker PMC-Sierra Inc is
looking to sell itself and has hired financial adviser Qatalyst
Partners to assist in the process, according to people familiar
with the matter.

The sales process is in its early stages and the company’s
plans could still change, the people said, asking not to be
named because the matter is private.