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Mar 21, 2013

Exclusive: Buyout firms team up to take BMC Software private -sources

NEW YORK (Reuters) – Private equity firms are joining forces in the auction of BMC Software Inc, three people familiar with the matter said on Thursday, making it more likely that the business software maker will be taken private in a deal that would top $6 billion.

Shares of BMC jumped as high as 9 percent on the news and were trading up 3 percent in late morning trading, giving the company a market value of around $6.5 billion.

Mar 21, 2013

Buyout firms team up to take BMC Software private -sources

NEW YORK, March 21 (Reuters) – Private equity firms are
joining forces in the auction of BMC Software Inc, three
people familiar with the matter said on Thursday, making it more
likely that the business software maker will be taken private in
a deal that would top $6 billion.

Shares of BMC jumped as high as 9 percent on the news and
were trading up 3 percent in late morning trading, giving the
company a market value of around $6.5 billion.

Mar 18, 2013

BlackRock to lay off nearly 300 employees: memo

NEW YORK (Reuters) – BlackRock Inc (BLK.N: Quote, Profile, Research, Stock Buzz) will lay off nearly 300 of its workforce and shift some staff to other locations and areas of its business, according to an internal memo obtained by Reuters.

In the memo, BlackRock’s President Rob Kapito told employees on Monday that as its business evolves, the mix of employees will also need to change with it.

Mar 15, 2013

Exclusive: EMC, IBM eye web hosting company SoftLayer- sources

NEW YORK (Reuters) – International Business Machines Corp and EMC Corp are among parties in talks to buy privately held database web hosting company SoftLayer Technologies Inc, in a deal that could fetch over $2 billion, three sources close to the matter said.

Dallas, Texas-based SoftLayer has hired Morgan Stanley and Credit Suisse to run the sale process, the sources said, asking not to be named because the talks are private.

Mar 14, 2013

EMC, IBM eye web hosting company SoftLayer – sources

NEW YORK (Reuters) – International Business Machines Corp(IBM.N: Quote, Profile, Research) and EMC Corp(EMC.N: Quote, Profile, Research) are among parties in talks to buy privately held database web hosting company SoftLayer Technologies Inc, in a deal that could fetch over $2 billion, three sources close to the matter said.

Dallas, Texas-based SoftLayer has hired Morgan Stanley (MS.N: Quote, Profile, Research) and Credit Suisse (CSGN.VX: Quote, Profile, Research) to run the sale process, the sources said, asking not to be named because the talks are private.

Mar 13, 2013

Koch Brothers eye L.A. Times, other Tribune newspapers – sources

March 12 (Reuters) – Charles and David Koch, two of the
world’s richest men, are interested in Tribune’s newspaper
assets, which include the Los Angeles Times and the Chicago
Tribune, according to sources familiar with situation.

Earlier on Tuesday, L.A. Weekly reported that the Koch
brothers were rumored to be interested in either all of the
Tribune company, which includes 23 TV stations and national
cable network WGN American, or the Tribune newspapers. The
report also cited “another rumor” from a Los Angeles Times
editorial board member that the Koch brothers are helping U-T
San Diego newspaper owner Doug Manchester finance a bid.

Mar 12, 2013

Exclusive: Advent Software hires Qatalyst to explore sale – sources

NEW YORK (Reuters) – Advent Software Inc, an accounting software company, is exploring a sale and has hired Frank Quattrone’s investment bank Qatalyst Partners to lead the effort, several people familiar with the matter said on Tuesday.

Advent shares jumped on the news and were up 11 percent in late afternoon trading in New York, giving the company a market value of close to $1.5 billion.

Mar 12, 2013

Advent Software hires Qatalyst to explore sale -sources

NEW YORK, March 12 (Reuters) – Advent Software Inc,
an accounting software company, is exploring a sale and has
hired Frank Quattrone’s investment bank Qatalyst Partners to
lead the effort, several people familiar with the matter said on
Tuesday.

Advent shares jumped on the news and were up 11 percent in
late afternoon trading in New York, giving the company a market
value of close to $1.5 billion.

Mar 7, 2013

Next Intel CEO to guide new business, maybe Apple deal

SAN FRANCISCO/NEW YORK (Reuters) – Intel’s next CEO is likely to shepherd the top chipmaker into a growing contract-manufacturing business, a strategic shift that could lead to a deal with Apple and give it a fighting chance to make inroads in the mobile arena.

Manufacturing chips on behalf of other companies is a major departure for Intel, which for decades has based its business on using its manufacturing prowess to offer its own PC chips superior to rival products. As PC sales contract and Intel’s fabrication plants operate at less than full capacity, the chipmaker sees an opportunity to fill idle production lines while earning new revenue.

Mar 7, 2013

Analysis: Next Intel CEO to guide new business, maybe Apple deal

SAN FRANCISCO/NEW YORK (Reuters) – Intel’s next CEO is likely to shepherd the top chipmaker into a growing contract-manufacturing business, a strategic shift that could lead to a deal with Apple Inc and give it a fighting chance to make inroads in the mobile arena.

Manufacturing chips on behalf of other companies is a major departure for Intel, which for decades has based its business on using its manufacturing prowess to offer its own PC chips superior to rival products. As PC sales contract and Intel’s fabrication plants operate at less than full capacity, the chipmaker sees an opportunity to fill idle production lines while earning new revenue.