9:49 p.m. | Updated In an unexpected move, Groupon has walked away from Google’s $6 billion takeover offer, according to a person close to the company, who was not authorized to discuss the matter publicly. The brush-off, first reported by The Chicago Tribune’s Breaking Business Web site on Friday evening, at least temporarily thwarts Google’s [...]
Andrew Harrer/Bloomberg NewsEvan Williams, left, who has started several Internet companies, including Twitter, and Fred Wilson, a venture capitalist who says investors are eager to participate in young start-ups. In a memorable scene in the movie “The Social Network,” Sean Parker, the investor played by Justin Timberlake, leans over the table and tells the founders [...]
Thomas F. O’Neill, a founder of Sandler O’Neill, is retiring from the investment bank to become chairman of Ranieri Partners Financial Services Group, according to an internal e-mail obtained by DealBook. Here is the e-mail, which was sent to the bank’s employees on Wednesday afternoon: Sandler O’NeillThomas F. O’Neill I have decided to retire from [...]
Paul Hilton/European Pressphoto AgencyMark Tucker, chief executive of American International Assurance, at the Hong Kong Stock Exchange in October. The company raised more than $20 billion in its initial public offering. HONG KONG — A bank whose customer base is larger than the population of the United States, a French cosmetics maker, a microlender and [...]
Noah Berger/Bloomberg NewsAndrew Mason, Groupon’s founder and chief executive, says his strategy is “finding the holy grail of local.” As investors fret that Google’s $6 billion bid for Groupon is too high a price to pay, new details about the company’s sales and growth suggest that it might be more like one of Groupon’s cut-rate [...]
Shortly after noon on Nov. 14, a Russian-made rocket blasted off from Baikonur Cosmodrome, the Soviet-era launch site that catapulted Sputnik 1 into orbit, Julie Creswell and Azam Ahmed report in The New York Times. The slim Proton Breeze M carried a commercial satellite called SkyTerra 1 and, with it, the ambitions of one of [...]
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