Nadia's Feed
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.

Mar 4, 2013

MetroPCS faces pressure to update SEC filings for T-Mobile deal

NEW YORK (Reuters) – MetroPCS Communications Inc (PCS.N: Quote, Profile, Research, Stock Buzz) is facing pressure from a major investor, demanding that merger documents for the pending deal between MetroPCS and the Deutsche Telekom AG’s (DTEGn.DE: Quote, Profile, Research, Stock Buzz) unit T-Mobile USA be updated to reflect the earnings of T-Mobile.

P. Schoenfeld Asset Management LP, whose holdings represent about 2 percent of MetroPCS shares, told Reuters in a statement on Sunday that the firm hoped “the company will again do the right thing and incorporate the year-end results of both MetroPCS and T-Mobile that were released this past week in their updated proxy financials.”

Mar 1, 2013

UBS lays off 35 senior bankers in the Americas

NEW YORK (Reuters) – UBS AG (UBSN.VX: Quote, Profile, Research, Stock Buzz) (UBS.N: Quote, Profile, Research, Stock Buzz) cut roughly a third of its Americas investment banking and capital markets group this week, including 35 senior managing directors, three sources close to the matter said.

A UBS spokeswoman confirmed the layoffs of the managing directors, which occurred in the corporate client solutions group, composed of investment banking, equity capital markets and leverage finance teams.

Feb 28, 2013

Top MetroPCS investor to vote against T-Mobile USA deal

NEW YORK (Reuters) – Paulson & Co, the largest shareholder of MetroPCS Communications Inc, said it will vote against the wireless service provider’s proposed merger with T-Mobile USA, a unit of Deutsche Telekom AG, unless the companies sweeten the deal.

Paulson, owner of 36.3 million shares or 9.9 percent of MetroPCS stock, is following in the footsteps of another shareholder, P. Schoenfeld Asset Management LP (PSAM). PSAM, whose holdings represented 1.66 percent of MetroPCS shares at year end, is leading a proxy battle against the merger.

Feb 28, 2013

Paulson to vote against MetroPCS/T-Mobile USA deal

NEW YORK (Reuters) – Paulson & Co, the largest shareholder of MetroPCS Communications Inc (PCS.N: Quote, Profile, Research, Stock Buzz), said it will vote against the wireless service provider’s proposed merger with T-Mobile USA, a unit of Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz), unless the companies sweeten the deal.

Paulson, an owner of 36.3 million shares or 9.9 percent of MetroPCS stock, is following in the footsteps of another shareholder, P. Schoenfeld Asset Management LP (PSAM). PSAM, whose holdings represented 1.66 percent of MetroPCS shares at year end, is leading a proxy battle against the merger.