Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday. The new company will be called Yahoo and will continue to be run by CEO Guru Gowrappan. Verizon will retain a 10 percent stake in the new company, and LionTree, which served as the lead financial advisor on the transaction, will also be an investor alongside… Source link
Read More »Private employers added back 517,000 jobs in March, missing expectations: ADP
TipRanks 2 “Strong Buy” Penny Stocks That Could Go Boom Arguably the most controversial on the Street, penny stocks are a hot-button issue. Usually, there isn’t a lot of middle-ground with respect to these tickers priced for less than $5 apiece. Dividing market watchers into two distinct groups, both sides present valid arguments laying out the pros and cons. Sure, there is reason enough to be skeptical. Often, a cheap stock is cheap for a reason, with the low share price potentially… Source link
Read More »InterPrivate II Acquisition Corp. Elects former Yahoo! President Susan Decker, Venture Capitalist Jeffrey Harris and ex-Citi Private Bank Chair Tracey Brophy Warson as Independent Directors
NEW YORK, March 16, 2021 /PRNewswire/ — InterPrivate II Acquisition Corp. (NYSE: IPVA.U) (NYSE: IPVA) (NYSE: IPVA WS) (the “Company”) announced today that Susan L. Decker, Jeffrey Harris and Tracey Brophy Warson were appointed to the board of directors of the Company (the “Board”) on March 4, 2021, in connection with the Company’s initial public offering. Ms. Decker, Mr. Harris, and Ms. Warson are independent directors. InterPrivate II Acquisition Corp. is led by Chairman and CEO
Read More »Google must face $5B lawsuit over tracking private internet use, judge rules
Google is under fire for information it allegedly collects from users in incognito mode. Getty Images … Source link
Read More »Private investigator says Google may face lawsuit in connection with Huisentruit cold case
PHOENIX (KWWL) – A licensed private investigator says a potential suspect in the 1995 abduction and murder of Mason City television anchor Jodi Huisentruit is considering a lawsuit against Google, which currently lists him as the victim’s “killer”. Investigator Steve Ridge says Arizona resident John Vansice and his wife are exploring how the assertion that Vansice is responsible for the murder became part of a prominent ‘Google Knowledge Graph’ as the first entry… Source link
Read More »Exclusive: Ant investor Boyu Capital targets $6 billion for new private equity fund
By Kane Wu HONG KONG (Reuters) – Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said. Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one of the people, who declined to be identified as the information is confidential. Boyu did not immediately respond to a… Source link
Read More »Google, Facebook, Stare Down Private Lawsuits; Vevo Introduces Ad Targeting Based On Moods
U.S. private payrolls rose by 174,000 in January, beating expectations: ADP
TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link
Read More »Musk Says It’s ‘Impossible’ to Take Tesla Private, Mulls New IPO
InvestorPlace The 12 Best Stocks to Buy for a Whole New Year of Returns in 2021 Editor’s note: “The 12 Best Stocks to Buy for a Whole New Year of Returns in 2021” was previously published Dec 4. It has since been updated to include the most relevant information available.] Back in July, I recommended seven of the best stocks to buy for 2021 and beyond. As a group, they’ve done very well over the past three months. For instance, Livongo Health was acquired by Teladoc Health… Source link
Read More »Google hit with 2 new antitrust lawsuits from 4 private publishers
Applico CEO Alex Moazed on the DOJ’s lawsuit against Google as the company calls it ‘deeply flawed.’ Several private publishers filed two antitrust lawsuits against Google this week as the company comes under increasing scrutiny over its advertising and search practices. Dozens of state attorneys general and the Justice Department also filed two separate antitrust complaints, led by Colorado Attorney General Phil Weiser and Texas Attorney General Ken Paxton, respectively, against the… Source link
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