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Jun 17, 2014

SoftBank Capital invests in Kony; move will boost Kony’s Asia presence

NEW YORK, June 17 (Reuters) – The venture capital arm of
Japan’s SoftBank Corp is investing in enterprise mobile
company Kony Inc, Kony said in a statement on Tuesday.

SoftBank Capital will lead the $50 million financing round,
Kony’s largest to date, with existing and new investors
including Insight Venture Partners, Telstra Ventures and
Georgian Partners.

Jun 17, 2014

Exclusive: SoftBank Capital closes in on financing round with Kony – sources

NEW YORK (Reuters) – SoftBank Corp’s venture capital arm is close to securing an investment in enterprise mobile company Kony Inc, and could announce a deal as soon as Tuesday, people close to the matter said.

SoftBank Capital is expected to lead the $50 million financing round, Kony’s largest to date, with a group of existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners, the sources told Reuters.

Jun 17, 2014

SoftBank Capital closes in on financing round with Kony: sources

NEW YORK (Reuters) – SoftBank Corp’s (9984.T: Quote, Profile, Research, Stock Buzz) venture capital arm is close to securing an investment in enterprise mobile company Kony Inc, and could announce a deal as soon as Tuesday, people close to the matter said.

SoftBank Capital is expected to lead the $50 million financing round, Kony’s largest to date, with a group of existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners, the sources told Reuters.

Jun 6, 2014

Exclusive – Sears’ Lampert met Ford’s Mulally for turnaround advice

NEW YORK (Reuters) – Sears Holdings Corp’s controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.

One of the sources said that Mulally, who is due to retire from Ford in July, was left with the impression that Lampert was gauging whether Mulally might be open to the possibility of becoming Sears’ next CEO. The second source said Lampert, who is currently Sears’ chairman and CEO, did not offer Mulally a job and there is no search process underway for a new CEO.

Jun 6, 2014

Sears’ Lampert met Ford’s Mulally for turnaround advice

NEW YORK, June 6 (Reuters) – Sears Holdings Corp’s
controlling shareholder Eddie Lampert met with Ford Motor Co
CEO Alan Mulally earlier this year to seek advice on how
to turn around the ailing retailer, two sources familiar with
the matter said.

One of the sources said that Mulally, who is due to retire
from Ford in July, was left with the impression that Lampert was
gauging whether Mulally might be open to the possibility of
becoming Sears’ next CEO. The second source said Lampert, who is
currently Sears’ chairman and CEO, did not offer Mulally a job
and there is no search process underway for a new CEO.

Jun 6, 2014

Exclusive: Sears’ Lampert met Ford’s Mulally for restructuring advice

NEW YORK (Reuters) – Sears Holdings Corp’s controlling shareholder Eddie Lampert met with Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.

One of the sources said that Mulally, who is due to retire from Ford in July, was left with the impression that Lampert was gauging whether Mulally might be open to the possibility of becoming Sears’ next CEO. The second source said Lampert, who is currently Sears’ chairman and CEO, did not offer Mulally a job and there is no search process underway for a new CEO.

Jun 6, 2014

Sears’ Lampert met Ford’s Mulally for restructuring advice

NEW YORK, June 6 (Reuters) – Sears Holdings Corp’s
controlling shareholder Eddie Lampert met with Ford Motor Co
CEO Alan Mulally earlier this year to seek advice on how
to turn around the ailing retailer, two sources familiar with
the matter said.

One of the sources said that Mulally, who is due to retire
from Ford in July, was left with the impression that Lampert was
gauging whether Mulally might be open to the possibility of
becoming Sears’ next CEO. The second source said Lampert, who is
currently Sears’ chairman and CEO, did not offer Mulally a job
and there is no search process underway for a new CEO.

May 30, 2014

Exclusive: U.S. companies seek cyber experts for top jobs, board seats

NEW YORK (Reuters) – Some of the largest U.S. companies are looking to hire cybersecurity experts in newly elevated positions and bring technologists on to their boards, a sign that corporate America is increasingly worried about hacking threats.

JPMorgan Chase & Co, PepsiCo Inc, Cardinal Health Inc, Deere & Co and The United Services Automobile Association (USAA) are among the Fortune 500 companies seeking chief information security officers (CISOs) and other security personnel to shore up their cyber defenses, according to people with knowledge of the matter.

May 15, 2014

AT&T turns to Lazard for advice on DirecTV deal: sources

NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) is working with investment bank Lazard Ltd (LAZ.N: Quote, Profile, Research, Stock Buzz) as it negotiates a potential takeover of DirecTV (DTV.O: Quote, Profile, Research, Stock Buzz), the country’s top satellite TV operator, according to people familiar with the matter.

AT&T is in active discussions to buy DirecTV for low to mid-$90s per share, or nearly $50 billion, and is working to finalize a deal in the next few weeks, Reuters reported on Monday.

May 9, 2014

In M&A frenzy, deals that show CEO confidence is returning

NEW YORK, May 9 (Reuters) – Over the past few years
conditions have been ideal for dealmaking. Financing has been
cheap, thanks to record low interest rates. Balance sheets have
been strong, as companies hunkered down in the aftermath of the
2008-2009 financial crisis. The U.S. economy has come out of
recession, but growth is still slow.

So every year, bankers have been predicting the return of
corporate M&A in a big way. It has not really happened, though,
because an essential ingredient in large, transformative
transactions has been missing: CEO confidence. That’s no longer
a problem, say bankers and executives who see merger mania
gripping corporate America again after a six-year hiatus.