private companies

5 Stories

Dell Going Private in $24B Move

Founder looks to overhaul 30-year-old firm

(Newser) - Dell has reached a deal to go private, the company has announced. Shareholders will receive some $13.65 per share in a $24 billion deal, the New York Times reports, which marks a 25% premium over Dell's January share price. The privatization deal with Microsoft and private equity company... More »

Hefner Sparks Bidding War for Playboy

Founder wants to take media company private

(Newser) - Founder Hugh Hefner wants to take Playboy private, and he mounted a bid today that values the struggling company at $185 million, Bloomberg reports . Playboy Enterprises stock closed up almost 41% and attracted interest from another party—but who would want a conglomerate that's lost $20 million in just 2... More »

Tech Employees Want to Cash in Early

(Newser) - Facebook’s recent deal to let employees sell some of their stock to private investors has sent Silicon Valley scrambling, as workers at other start-ups ask for similar deals, the Wall Street Journal reports. Start-ups rely on the promise of future stock sales to lure and retain talent, but with... More »

Times Co. Won't Go Private, Sulzberger Says

'We unequivocally believe in our future' despite revenue falloff

(Newser) - The New York Times Company does not intend to take itself or its flagship newspaper private, the Wall Street Journal reports. Chairman Arthur Sulzberger Jr. also told a shareholder meeting today that Carlos Slim, the Mexican billionaire who recently bought a large stake in the company, had no interest in... More »

Auction-Rate Troubles Hit Silicon Valley Startups

Private companies hurting for cash

(Newser) - A freeze in the market for a type of securities known as auction-rate securities may cause big cash-flow problems for many Silicon Valley startups. A number of private companies have large chunks of cash tied up in the securities, reports the Wall Street Journal. Now, buyers have dried up and... More »

5 Stories