Unstructured Finance

Deals wrap: Zynga files for IPO

July 1, 2011

Zynga Inc filed paperwork for an initial public offering on Friday, the latest in a series of hot social media companies to seek capital in the U.S. public markets. The company, which is behind a series of popular games on Facebook, said it hoped to raise up to $1 billion. It did not specify the number of shares it plans to sell or give an expected price range.

Nortel on the auction block: worth more dead than alive

July 24, 2009

Nortel Networks Corp, for years a wallflower as rivals in the telecom-equipment business paired up, has found new popularity now that it’s in bankruptcy. The first of Nortel’s parts to be sold off, the wireless technology unit alone has attracted at least three bids ranging from $650 million to $730 million. It is set to be auctioned in about an hour.