When an employee cries foul against a big tech company or its greed-driven investors, it’s easy to take the side of the employee, especially when an employee comes forward on the record to state his or her case.
A wronged employee is inherently more sympathetic than a big, greedy private equity firm or a faceless corporation, and it’s rare that an employee will actually publicly take a stand. In… → Read More
Focus Media, one of China’s leading digital media groups, this morning announced that it is selling a 62% indirect equity ownership of its Internet division, Allyes, to US-based private investment firm Silver Lake.
Under the terms of the agreement, Silver Lake will pay $124 million to Focus Media, in exchange for the equity ownership of Allyes. Focus Media had acquired the internet advertising… → Read More
eBay has just announced that it has reached a settlement with the founders of Skype, clearing the way for the sale of the Internet communication company to a consortium formed by private equity firm Silver Lake Partners, Andreessen Horowitz and the Canada Pension Plan Investment Board.
Index Ventures, a historical investor in Skype, is not going to be part of that buying party after all, and its… → Read More
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