Reuters News
(Reuters) – Clean technology venture firm The Westly Group has held a first close on $50 million toward a new $175 million fund, founder Steve Westly told Reuters in an exclusive interview. The Menlo Park, Calif.-based firm, which hit it big with Tesla Motors and Amyris stakes, plans to continue investments in a range of […]
(Reuters) – Microsoft is nearing a deal to buy Internet phone company Skype Technologies for more than $7 billion, and a deal could be announced as early as Tuesday, the Wall Street Journal reported, citing people familiar with the matter. The Skype deal would rank at or near the top of the biggest acquisitions in […]
(Reuters) – The recession and high gasoline prices offer the U.S. automotive industry a chance to reinvent itself as consumers inch toward acceptance of alternatives to the internal combustion engine, a top venture capitalist said on Tuesday. “This recession is a great reminder that the industry is changing,” Ray Lane, a managing partner at storied […]
(Reuters) – Mark Zuckerberg won the latest legal battle against former Harvard classmates who accuse him of stealing their idea for Facebook, a multimillion-dollar feud made famous on the silver screen. Cameron and Tyler Winklevoss must accept a settlement with Facebook that had been valued at $65 million, a U.S. appeals court ruled on Monday. […]
Former eBay Inc Chief Executive Meg Whitman will join leading Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, a source close to her said on Tuesday. The news comes nearly five months after Whitman lost out on a bid to become governor of California. She was one of the most high-profile Republicans running […]
TORONTO (Reuters) – The wild popularity of Facebook and other social media sites has spawned a cottage industry of con artists promising average investors a chance to cash in on the frenzy through shares in the companies ahead of their initial public offerings. While the pre-IPO offerings may be real, investors must be aware that […]
NEW YORK, March 16 (Reuters) – Learning software maker Cornerstone OnDemand Inc priced shares above the proposed range and raised $136.5 million in its initial public offering on Wednesday, an underwriter said. The developer of web-based learning and talent management software sold 10.5 million shares for $13 each. It had planned to sell the shares […]
An ordinary American investor would probably not put money into a foreign electric car start-up suspected of openly copying competitors, let alone one whose franchised dealers occasionally put other companies’ logos on its own vehicles. But Warren Buffett is no ordinary investor, and China’s BYD is no ordinary company. At the depths of the financial […]
Billionaire hedge fund manager Carl Icahn said he plans to return all of his clients’ money, becoming the latest in a string of investors who no longer want to manage money for outsiders. “After careful consideration of all relevant factors, we have determined to return all fee-paying capital to investors,” the 75-year-old stock picker wrote […]
Private equity firm Silver Lake, which focuses on the technology sector, said it is teaming up with billionaire financier George Soros to start a new fund to invest in clean energy businesses. Silver Lake, which manages $14 billion, will launch Silver Lake Kraftwerk, with offices in Silicon Valley and China, to provide growth capital to […]