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December 2012

iVLG News Roundup Week 51: Nook’s New Shareholder; Porsche Case Dismissed; HomeStreet Bank Off the Hook; Etc.

by on December 28, 2012

International News

British Publisher to Purchase Share in Nook
Pearson, a British publisher and education company, made public its $89.5 million investment in Barnes & Noble’s Nook tablet. In exchange, Pearson will receive a 5% stake in the business. Barnes & Noble recently warned its shareholders that its e-reader business would fall short of its annual projections and that holiday sales are lower than expected.

In April, Microsoft invested $300 million in Nook. Together with Pearson’s investment, the Nook business is valued at $1.8… Read the rest

iVLG News Roundup Week 50: UBS Settles; Knight Capital Merges; Amazon Buys; Instagram Frustrates; NYSE Sells

by on December 20, 2012

Securities Regulation

UBS Settles for $1.5 Billion
We reported last week about the Swiss banking giant’s proposed settlement with global authorities. Well, the settlement is now final. UBS agreed to pay $1.5 billion in fines to settle claims against it for a multi-year scheme to manipulate interest rates, so called “rate-rigging.”

This settlement is the largest to date related to rate-rigging. The fine is one of the biggest sanctions ever levied by both American and British authorities, falling just below the $1.9 billion settlement levied against HSBC last week over money laundering claims.

Mergers and Acquisitions

Knight… Read the rest

iVLG News Roundup Week 49: UBS Fraud, Sprint Acquisition, Nordstrom Sells, Best Buy Delays

by on December 14, 2012

Mergers and Acquisitions

Sprint Offers $2.1 Billion for Clearwire
The mobile giant Sprint Nextel Corp. offered $2.1 billion to purchase the remaining 50 percent of Bellevue-based Clearwire Corp. Who owns the other 50 percent? Sprint.

Sprint is offering $2.90 per share to buy the 700 million outstanding shares, according to the SEC filing. As a result, Clearwire’s shares jumped during early trading, up 35 cents to $3.10. This offer comes just months after Sprint purchased Clearwire’s co-founder, Craig McCaw’s shares.

Best Buy Gives Founders More Time to… Read the rest

iVLG News Roundup Week 48: Crowdfunding Platforms Raise Capital; Insider Trading Scandal; Proposed Arena Images; Costco Criticized

by on December 5, 2012

Crowdfunding News

WeFunder Becomes the Latest Crowdfunding Platform to “Get Funded”

A recent article on The Crowd Cafe, a crowdfunding-centric blog published by Jonathan Sandlund, lists the crowdfunding platforms that have raised capital. WeFunder, the latest platform to close its seed round, raised $550,000 from 58 different investors. According to WeFunder’s email blast, the investments ranged from $100 to $100,000, and half of the investors were un-accredited.

What does this mean? It signals that people are excited for the changes that are on the horizon for the funding landscape. Look at FundersClub, they’ve raised… Read the rest

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