While magazines and newspapers have slowly made the transition from print to digital, they’re still coming to grips with mobile. For publications (big and small) to survive amidst the industry’s declining ad revenues, it’s imperative for publishers to be able to push their content on every available platform, particularly tablets, the device that’s really best suited to consuming digital… → Read More
The hits just keep on coming for Elevation Partners, the one-time digital media, private equity dream team that has reconfigured itself as an investor in late stage Web 2.0 treasures. Earlier this summer, Elevation requested an extension on investing its $1.9 billion fund, and TechCrunch has learned that that request was denied—a move that came as surprise to us and to Elevation, we hear.
So… → Read More
Elevation Partners has quietly amassed another huge chunk of Facebook shares on the secondary market, according to a recent letter to its limited partners. Elevation spent $120 million for five million more Facebook shares. This is on top of Elevation’s $90 million, 2.5 million share purchase back in November.
That November deal has already gone up 2.5 times in value in a short eight months… → Read More
Avadis “Avie” Tevanian, a former chief software technology officer at Apple, has jumped ship to Elevation Partners, where he will be a Managing Director.
Tevanian joins Fred Anderson, Apple’s former CFO who is a managing director at Elevation. Elevation is also the largest investor in Palm, and brought in Apple exec Jon Rubinstein as CEO of the mobile company. Tevanian will help Elevation… → Read More
Can Palm’s upcoming operating system, Nova, revive the fortunes of the flagging company? Palm’s biggest investor, Elevation Partners, is putting $100 million into that Nova, after already spending $325 million for 25 percent of the company last year. Maybe all Palm needs is a really good tune-up, but it is going to be tough to go up against all the newly-polished goodness coming from… → Read More
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