Bloomberg | mediaME

Facebook to fiIe for IPO this week

Sun, 2012-01-29 10:29 - By

Announcement, Digital Media, Media Business, Media, Bloomberg, Bloomberg.com, Facebook, Facebook files IPO, Facebook IPO

Facebook plans to file documents for its highly anticipated IPO on Wednesday. This will value the world's largest social network at $75bn- $100bn. Facebook's revenue is driven by its advertising business, as brands have rushed to the site to interact with consumers through display ads and fan pages. The online social networking giant has been able to increase its world-wide advertising revenue from $738m in 2009 to $3.8bn in 2011.

2012 set to be biggest year for Internet IPO's since 1999

Mon, 2012-01-02 09:49 - By

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Digital Media, Media Business, Electronics & Technology, Media, Barclays PLC, Bloomberg, Businessweek, David Erickson, Facebook

Facebook Inc. is set to lead the biggest year for U.S. IPO's by Internet companies since 1999. According to Bloomberg, the industry may raise $11 billion next year. Facebook is considering the largest Internet IPO on record. Furthermore, regulatory filings show that at least 14 other web-related companies are planning sales.

Facebook considers $10 billion IPO valued at $100 billion

Tue, 2011-11-29 10:32 - By

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Announcement, Digital Media, Media Business, Media, Bloomberg, Facebook, Linked In, Mark Zuckerberg, Reid Hoffman, The Wall Street Journal

According to industry insiders, Facebook is set to roll out its IPO next year . The company is said to be targeting 2012's second business quater for its shares to go public. According to Bloomberg, Facebook is currently considering a $10 billion Initial Public Offering valued at more than $100 billion.

Groupon IPO stock hits a high of $31.14, a 55% gain on its first day of trading

Sat, 2011-11-05 17:50 - By

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Announcement, Media Business, Media, Bloomberg, Groupon, GRPN, Initial Public Offering, IPO, Reuters

Groupon, Inc. has launched its Initial Public Offering on Friday, offering 35 million shares at a price of $20 per share. On its first day of trading, Groupon’s price per share rose as high as $31.14, 55 per cent above the original $20 IPO price. Groupon’s shares ended their first day at $26.11, 31 per cent above their $20 IPO price, raising the second highest tech company’s valuation of $12.7 billion to reach approximately $16.7 billion. The company’s 35 million Class A common shares make up only 5 per cent of the company.

NewsCorp tops profit estimates and grows ad sales by 13%

Thu, 2011-11-03 06:59 - By

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Advertising Business, Advertising News, Digital Media, Media Business, Media, Bloomberg, Fox, NewsCorp, Rupert Murdoch

NewsCorp, owner of the Fox Broadcast Network, has recently been reported to have increased its revenues by 3 per cent, climbing 32 cents a share in the U.S. fiscal year (October 1st, 2010 – September 30th, 2011), growing advertising sales by 13 per cent, and beating analysts’ profit estimates by 3 cents a share. According to Bloomberg, the broadcast-television unit, including the Fox network and local stations, boosted operating income 27 per cent as revenue increased 8.5 percent.

Nintendo predicts first annual loss in 30 years

Thu, 2011-10-27 07:58 - By

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Analysis, Announcement, Media Business, Electronics & Technology, Games & Toys, Media, 3DS, apple, Bloomberg, Facebook, iPhone, Nintendo

Bloomberg reports that Nintendo, the world’s largest maker of video-game machines, has forecasted its first annual loss in 30 years, expecting a net loss of $264 million for the year ending in March. The forecasts come in as a result of the currency rates and the slumping demand for the 3DS console as gamers flock toward online games on iPhone and Facebook.

Groupon estimates $11.4 billion market value following IPO

Mon, 2011-10-24 10:38 - By

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Announcement, Digital Media, Media Business, Media, Andrew Mason, Bloomberg, Bradley Keywell, Eric Lefkofsky, Google, Groupon

According to Bloomberg, the daily-deal site Groupon will be selling its shares to the public starting next month. Groupon’s market value would be about $11.4 billion following the launch of its Initial Public Offering this November. The decision comes following Google’s buyout bid back in 2010 valued at $6 billion.

Google may provide finances to Yahoo! bidders to preserve Yahoo! as a rival and bolster competition

Sun, 2011-10-23 16:38 - By

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Digital Media, Media Business, Media, Alibaba, Bloomberg, Google, Microsoft, Opus Research, Yahoo!

According to a Bloomberg report, Google, which is under regulatory scrutiny from governments around the world, may be providing financing opportunities for companies bidding on acquiring Yahoo! following the company’s serious consideration of weighing its strategic options. According to Opus Research, Google’s financial support aims at preserving Yahoo! as a rival and bolstering competition in the Internet industry.

Stockholders of at least 8% of Research in Motion call for company shake-up

Wed, 2011-10-12 00:14 - By

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Broadcasting News, Digital Media, Media Business, Media, apple, Blackberry, Bloomberg, CNET, Google, Jaguar Financial, Jim Balsillie, Mike Lazaridis, Research In Motion, Reuters, RIM, Vic Alboini

Investment firm Jaguar Financial and some other shareholders owning at least 8% of Research in Motion are calling to oust the company's co-CEOs, Mike Lazaridis and Jim Balsillie, who both own 10% of the company, and potentially sell BlackBerry to the highest bidder. Since last October, Research in Motion’s shares have went down 50% to $24.10, and have slid 58% since the beginning of 2011.

Alibaba’s chairman expresses interest in buying Yahoo!

Mon, 2011-10-03 14:14 - By

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Digital Media, Media Business, Media, Alibaba, Alibaba Group Holding, Bloomberg, Brett Harris, Gabelli & Co., Jack Ma, Stanford University, Yahoo!, Yahoo! Inc.

Speaking at an event at Stanford University in California, Alibaba Group Holding’s Chairman, Jack Ma, has expressed his interest in buying Yahoo! Inc., adding that he already had discussions with Yahoo! over the subject, according to Bloomberg. Ma’s existing relationship with Yahoo!, which already owns 40% of Alibaba, may give him an advantage in putting a deal together, according to Brett Harris, an analyst at Gabelli & Co.