Business Startup

iVLG News Roundup 2012 Week 24: Securities Law; Shareholder Activism; Shareholder Litigation; and Mergers and Acquisitions

Securities Law

SEC Approves New FINRA Rule 5123 Back in October of 2011, the SEC published for comment a proposed new Rule 5123. This week the SEC approved new FINRA Rule 5123, which requires broker dealers who participate in private placement offerings to file with FINRA all offering materials including private placement memoranda within 15 days of the first sale of securities.

Mergers & Acquisitions

Microsoft Reported to Have Acquired Yammer for $1.2 Billion Software giant Microsoft is reported to have purchased Yammer a social media company that targets businesses. Microsoft is expected to announce that it has purchased Yammer for $1.2 billion at the end of June. Yammer was founded in 2008, and has raised more than $140 million in venture funding. Microsoft stock jumped more than 2% on...

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