Wednesday, November 13, 2013
Through Group Dating, Getting to Know You (and You and You)
Friday, August 9, 2013
Tuesday, July 30, 2013
Labor Rights Group Accuses iPhone Maker of Abuses
Sunday, June 9, 2013
Advertising: Nonprofit Group to Help For-Profit Marketers Reach Youth
Monday, May 6, 2013
DealBook: Investor Group Buys BMC for $6.9 Billion
Jon Simon/Feature Photo Service for BMC SoftwareShamoun Murtza of BMC Software demonstrates a new mobile application.BMC Software Inc. agreed on Monday to sell itself to a group of investors led by Bain Capital and Golden Gate Capital for about $6.9 billion, completing a campaign by an activist hedge fund to push the company into a deal.
Under the deal terms, the buyers’ group, which includes the Government of Singapore Investment Corporation and Insight Venture Partners, will pay $46.25 a share in cash.
That represents a 14 percent premium to BMC’s share price on May 11, 2012, the last business day before the company disclosed that Elliott Management had taken a big stake – now up to about 9.6 percent – and was urging a sale. After initially resisting Elliott, the two sides reached a compromise, with Elliott gaining two board seats and BMC beginning to explore a sale last fall.
A number of buyout firms emerged during the auction process over recent months, though by last week the Bain and Golden Gate consortium took the lead.
“After a thorough review of strategic alternatives, the BMC board of directors is pleased to reach this agreement, which provides shareholders with immediate and substantial cash value, as well as a premium to our unaffected share price,” Robert E. Beauchamp, BMC’s chairman and chief executive, said in a statement.
Jesse Cohn, the Elliott portfolio manager who led the firm’s campaign, added: “Elliott applauds the BMC Software board and executive leadership for delivering this value-maximizing outcome for stockholders, which both contains a go-shop provision and reflects what we believe is a substantial premium to BMC’s unaffected stock price.”
As part of the deal, BMC will have 30 days to try to find higher bids.
Credit Suisse, the Royal Bank of Canada and Barclays will provide debt financing.
BMC was advised by Morgan Stanley, Bank of America Merrill Lynch and the law firm Wachtell, Lipton, Rosen & Katz. The investors received financial advice from Qatalyst Partners, the boutique bank run by Frank P. Quattrone; Credit Suisse; RBC Capital Markets; and Barclays.
The investor group was counseled by Kirkland & Ellis and PricewaterhouseCoopers. The the Government of Singapore Investment Corporation was also advised by Sidley Austin, while Insight Venture Partners was also advised by Willkie Farr & Gallagher.
Friday, April 26, 2013
Australia Arrests Professed Head of Hacking Group
Saturday, March 30, 2013
DealBook: Alfa Group to Offer Rival Bid for Russian Cellphone Operator
LONDON — A bidding war has broken out for the cell phone operator Tele2 Russia.
The Russian investment firm Alfa Group said on Thursday that it would offer up to $4 billion to buy the cell phone operator, the Russian unit of the Swedish telecommunications company Tele2. The Alfa Group announced the bid after Tele2 agreed to sell the unit to the VTB Group, a Russian bank, for $2.4 billion, plus debt.
The Alfa Group, whose chairman is the Russian billionaire Mikhail Fridman, said VTB’s offer for Tele2 Russia undervalued the cellphone operator, adding that it was also considering an offer to buy the rest of Tele2’s operations.
The Alfa Group “is interested and willing to agree to a purchase price for the remaining assets of Tele2 over a very short period of time,” it said in a statement on Thursday. The Alfa Group also holds a majority stake in the Russian cellphone company VimpelCom.
Shares in Tele2 rose 3.5 percent in morning trading in Stockholm on Thursday.
Sunday, March 17, 2013
Media Decoder: Editor Charged With Aiding Hackers Group
8:30 p.m. | Updated Matthew Keys, a 26-year-old deputy social media editor at Thomson Reuters, has been charged with assisting the hacking collective Anonymous in an attack on the Web site of The Los Angeles Times, the Justice Department said Thursday.
A federal indictment of Mr. Keys, formerly a Web producer at KTXL Fox 40, which, like The Los Angeles Times, is owned by the Tribune Company, said that he went by a user name of “AESCracked” and assisted in a cyberattack on the newspaper’s Web site. The attack reportedly allowed the group to gain access and alter a news feature.
The three-count indictment includes charges that Mr. Keys provided Anonymous with login information for computers owned by the Tribune Company. The indictment also states that he encouraged the hackers, with whom he worked from Dec. 10 to Dec. 15, 2010, to log on to the Tribune Company server “to make unauthorized changes to Web sites” owned by the company and “to damage computer systems” used at the Tribune Company.
A Los Angeles Times news article with the headline “Pressure Builds in House to Pass Tax-Cut Package” was renamed “Pressure Builds in the House to Elect CHIPPY 1337,” according to the indictment.
If convicted, Mr. Keys could face up to 10 years in prison for each substantive count and three years of supervised release and a fine of $250,000 for each count, the Justice Department said in a news release. A spokesman for Reuters said that the news organization was aware of the charges against Mr. Keys and that the alleged misconduct occurred before Mr. Keys joined Reuters in 2012. A spokesman for Tribune Company declined to comment.
The charges came as a shock in social media circles where Mr. Keys, considered a wunderkind of new media, cut a popular presence, including being named one of Time Magazine’s 140 best Twitter feeds. But the tsunami of social media also appeared to have taken a toll on Mr. Keys.
After posting more than 46,000 Twitter messages, Mr. Keys publicly took a break from the social media Web site. In an interview with Ad Week in July, he said Twitter had kept him up at night. “I got sucked into that. I loved it. I still love it. But at some point you have to take a break,” Mr. Keys said. (In a Twitter post on Thursday, Mr. Keys again said he intended to take a break.)
The length of his potential sentence reignited online protests on Thursday over the way federal prosecutors approached the Internet. Those protests from open Internet proponents like the Electronic Frontier Foundation, exploded in January after the computer programming prodigy Aaron Swartz, also 26 and facing federal charges related to hacking, committed suicide.
The charges against Mr. Keys came as other media organizations were facing computer threats. Chinese hackers have compromised the computer systems of several major United States media organizations, including The New York Times and The Wall Street Journal. The Ministry of National Defense of China has denied any involvement in the attacks.
On Wednesday, President Obama met with chief executives to discuss digital security legislation. In an interview with ABC News on Wednesday, he acknowledged the “ramping up of cybersecurity threats.”
Anonymous, a nebulous and global collective of so-called hactivists, often use computers in protesting or supporting political causes. The group demanded Christmas dinner be provided to Pfc. Bradley Manning, the former Army intelligence officer arrested in 2010 on accusations of leaking classified documents to WikiLeaks.
In a Twitter message posted last year, Hector Xavier Monsegur, a hacker known as “Sabu” who led a hacking collective and worked as an F.B.I. informant, accused Mr. Keys of playing a part in hacking into The Los Angeles Times.
Mr. Keys has written about Sabu and Anonymous for Reuters and been associated with hacking groups in the past, including in a Gawker article that identified him as a “journalist who infiltrated” Anonymous.
“I identified myself as a journalist during my interaction with top-level Anonymous hackers,” Mr. Keys wrote on his personal blog in response to the Gawker article.
The charges against Mr. Keys were first reported by The Huffington Post.
This post has been revised to reflect the following correction:
Correction: March 16, 2013
An earlier version of this post erroneously included Bloomberg News among media organizations whose computer systems were compromised by Chinese hackers. Bloomberg News said its computer systems were targeted, but not compromised.
Friday, November 2, 2012
Natina Reed, of R&B group Blaque, dead at 32 after being hit by car
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Tragic news has come out of the music world as Natina Reed, of the nineties R&B group Blaque was struck by a car in Georgia on Friday, Oct. 26, 2012 and killed. She was only 32-years-old.
The Gwinnett Police Department says that the driver of the vehicle that hit Reed called 911 right at 10:30 p.m. on Friday night to advise of the situation. 29 minutes later, Reed was pronounced dead at Gwinnett Medical Center.
View slideshow: Natina Reed was only 32-years-old when she was struck by a car and killed
The press release handed out stated that Reed:"…was in the roadway on Lawrenceville Highway near Hamilton Road when struck."
Natina Reed was struck by a car and killed at the young age of 32.
Photo credit: MTV / TMZVideo: Blaque – "As If" music video
An investigation is currently ongoing by police, but they do say that the driver "was determined to be not at fault and there are no charges pending."There is no word at this time if the driver was under the influence of any drugs or whether alcohol was involved or not. It is not believed that this was a driving under the influence issue since no charges have been filed.
Video: Blaque – "As If" music video
Reed had a career with the singing group Blaque, but also had a role in the 2000 cheerleader film, "Bring It On." She was a friend and protege of the late singer and actress, Lisa "Left Eye" Lopes.
Surviving Reed is her 10-year-old son Tren Brown, whom she had with rapper Kurupt.
via Natina Reed, of R&B group Blaque, dead at 32 after being hit by car – Orlando Pop Culture | Examiner.com.
Saturday, October 20, 2012
Anti-Semitic Tweets Removed, French Jewish Group Says
Wednesday, September 19, 2012
Van Heyst Group Aims to Turn Company Events Into Media Gold
Tuesday, July 24, 2012
DealBook: Group Led by BC Partners to Buy Suddenlink for $1.9 Billion
8:16 a.m. | Updated
LONDON – The private equity firm BC Partners and one of Canada’s largest pension funds have agreed to buy the American cable operator Suddenlink Communications in a cash-and-debt deal worth around $6.6 billion.
BC Partners, which has offices in Europe and New York, and the Canada Pension Plan Investment Board said late on Wednesday that they were teaming up with Suddenlink’s management team, led by the chief executive, Jerald L. Kent, to buy the cable company from its current owners, which include Goldman Sachs Capital Partners, the Quadrangle Group and Oaktree Capital Management.
The private equity firm and Canadian pension fund will provide around a combined $2 billion for the deal and assume Suddenlink’s $4 billion of existing net debt, according to a company statement. The firms also will issue an additional $500 million of unsecured loans provided by Credit Suisse
With Western economies continuing to languish, the cable industry has been a bright spot, as companies look to take advantage of consumer demand for high-speed Internet and television services.
Earlier this year, the Dutch cable operator Ziggo raised around $1 billion in an initial public offering, while the Canadian company Cogeco Cable agreed on Wednesday to pay $1.36 billion for an American company, Atlantic Broadband.
“Cable is an industry we know well in both Europe and the United States, and epitomizes the defensive growth characteristics we typically seek in an investment,” BC Partners’ managing partner, Raymond Svider, said in a statement.
Suddenlink, the seventh-largest cable operator in the United States, provides television, phone and Internet services for about 1.4 million customers from North Carolina to Texas. The company reported revenue of $1.96 billion and a pretax profit of $743 million in the 12 months ended March 31, according to a company statement.
The deal is expected to close by the end of the year.
LionTree Advisors, Goldman Sachs and the law firms Paul Hastings and Seyfarth Shaw advised Suddenlink on the deal, while Credit Suisse and the law firms Latham & Watkins and Wachtell, Lipton, Rosen & Katz advised BC Partners and the Canada Pension Plan Investment Board.
Thursday, July 19, 2012
DealBook: Group Led by BC Partners to Buy Suddenlink for $1.9 Billion
8:16 a.m. | Updated
LONDON – The private equity firm BC Partners and one of Canada’s largest pension funds have agreed to buy the American cable operator Suddenlink Communications in a cash-and-debt deal worth around $6.6 billion.
BC Partners, which has offices in Europe and New York, and the Canada Pension Plan Investment Board said late on Wednesday that they were teaming up with Suddenlink’s management team, led by the chief executive, Jerald L. Kent, to buy the cable company from its current owners, which include Oaktree Capital Management and Goldman Sachs Capital Partners.
The private equity firm and Canadian pension fund will provide around a combined $2 billion for the deal and assume Suddenlink’s $4 billion of existing net debt, according to a company statement. The firms also will issue an additional $500 million of unsecured loans provided by Credit Suisse
With Western economies continuing to languish, the cable industry has been a bright spot, as companies look to take advantage of consumer demand for high-speed Internet and television services.
Earlier this year, the Dutch cable operator Ziggo raised around $1 billion in an initial public offering, while the Canadian company Cogeco Cable agreed on Wednesday to pay $1.36 billion for an American company, Atlantic Broadband.
“Cable is an industry we know well in both Europe and the United States, and epitomizes the defensive growth characteristics we typically seek in an investment,” BC Partners’ managing partner, Raymond Svider, said in a statement.
Suddenlink, the seventh-largest cable operator in the United States, provides television, phone and Internet services for about 1.4 million customers from North Carolina to Texas. The company reported revenue of $1.96 billion and a pretax profit of $743 million in the 12 months ended March 31, according to a company statement.
The deal is expected to close by the end of the year.
LionTree Advisors, Goldman Sachs and the law firms Paul Hastings and Seyfarth Shaw advised Suddenlink on the deal, while Credit Suisse and the law firms Latham & Watkins and Wachtell, Lipton, Rosen & Katz advised BC Partners and the Canada Pension Plan Investment Board.