There is quite a stir on the proposed $100 Million Facebook Employee share buyback which is stated to have been oversubscribed. The employee stock was brought by DST, a Russian investment firm following the $200 Million investment from the same in May. With this, the employees were supposed to confirm whether they will be selling the stock or not by August and the total selling was limited to less than a fourth of their total stock holding. However it landed heavy blows to ex employees as they had to cut short the amount by a small fraction (the exact amount remains undisclosed). It’s ironic though as execs and those having a lions share in stocks will be able to send more stocks with thanks to separate arrangements. Anyone who has more on this news?
Tag Archive: finance
We reported the shutting down of Tr.im the URL shortening service form Nambu, primarily because Twitter had chosen Bit.ly as its default URL shortener. However Bit.ly was kind enough to suggest a few ways to make sure that all links shortened by tr.im don’t become useless after 31’st December. Those had been put down, why? Well Nambu wants to make some cash off the corpse, and their demand lies between $80,000 and $100,000. Why would someone pay them that amount of cash? To save all those links? I guess there must be a bigger reason behind it, one that we are still trying to figure out. There are some really enthusiastic firms/people interested in buying the service for an unsaid price. Lets see who is lucky enough, for Nambu itself has no plans of selling it for any price lower than $80,000.
They have big plans, inflated bubbles associated to monetizing their acquisition; The Pirate Bay. Global Gaming Factory X‘s CEO Hans Pandeya told Paid Content that he plans to make huge profits from TPB and he thinks those profits can well be around $40 Million…a month. How? Well Pandeya plans to monetize the file sharing service by selling user’ unused disk space to firms, the bandwidth to ISPs and he thinks that the ads on the site alone will make the proposed $40 Million a month. I am not sure how soon is this going to happen and how much of that money will be spent fighting lawsuits that The Pirate Bay is caught in more often than not.
Microsoft has finally decided to sell off its interactive ad portal, Razorfish. Reports state that its current worth is in the range of $600 Million to $700 Million. WPP Groupe had shown interest in acquiring it for as much as $800 Million but eventually took a bow when recession hit the economic market, however it is possible that the same group may acquire it but probably at a lower price than it had offered. Let’s see what price is fetched for the ad firm and who actually throws the bid for its acquisition.
Apple is pushing its stake higher in Imagination Technologies as it bought 2.2 million more shares. The shares were brought for $2.35 a share, meaning that Apple spend close to $5.17 Million. Intel made similar moves earlier as it bought around 5 million shares, pushing its stake in shares to 13%. While this would simply mean like a usual move but reports state that this happened because a Saudi group Saad had to lessen its stake in the chipmaker as its accounts were frozen by the Saudi Central Bank.
