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01 Sep 2009 10:34

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Tech: Skype is still a valuable company, based on eBay’s sale of it

  • $1.9 billion amount eBay sold 65% of Skype for this morning – it went to private investors
  • $2.75 billion the value of the VoIP company, based on the deal – more than many expected source
Posted by Ernie Smith • 0 Comments • Permalink

21 Aug 2009 20:06

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Biz, Sports: The Cubs can’t win the World Series, but they can lose Sam Zell

  • $845 million to lose a tiny bit of Tribune’s debt source
Posted by Ernie Smith • 0 Comments • Permalink

05 Aug 2009 11:00

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Biz, U.S.: The Treasury Department’s having a fire sale on debt

  • $75 billion in long-term debt is going up for sale; that’s a record source
Posted by Ernie Smith • 0 Comments • Permalink

06 Jul 2009 22:42

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Biz, Sports: Tribune, still bankrupt, is close to selling off the Chicago Cubs

  • $900 million for the crown jewel of the news company source
Posted by Ernie Smith • 0 Comments • Permalink

26 Jun 2009 17:41

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Biz: For sale: Former gem of a newspaper, based in Boston. Loses lots of $$$

  • $123 million Assets of the Boston Globe, which the New York Times company is trying to sell quickly, along with (possibly) a second paper
  • $182 million Amount of debt obligations the Globe has – a liability of $58 million. The NYT company recently cut salaries 23%, BTW. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Jun 2009 03:18

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Music: For sale: One used 1999 Volkswagen Passat. (Owned by Elliott Smith.)

  • As music superfans, whoa. Do you live in Austin? Do you have $4,000 lining your pockets? Looking to gain instant indie cred and help a good cause at the same time? Buy this car. It’s a little dinged up, but it used to be owned by our biggest obsession, Elliott Smith. His sister is selling it. If you buy it, you too can imagine what he was thinking when he was driving around coming up with songs like “Son of Sam” and “Twilight.” Plus, even better, the proceeds – 100% of them – go to the SIMS foundation, which helps musicians with mental health and addiction problems. Admit it, you want it. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jun 2009 11:10

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Biz: With the Saab sale, Konenigsegg is about to get much bigger

  • 45 number of employees the luxury sports-car maker currently has
  • 3,400 number of employees the Swedish unit of bankrupt GM has source
Posted by Ernie Smith • 0 Comments • Permalink
 

16 Jun 2009 11:07

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Biz: Full speed ahead: GM sells off Saab to European group

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  • General Motors ditched the Swedish arm the company and handed it off to a group led by sports-car maker Konenigsegg. Sounds vaguely European. source
Posted by Ernie Smith • 0 Comments • Permalink

09 Jun 2009 21:37

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Biz, U.S.: SCOTUS uses super-tight language to allow the Chrysler sale

  • Our assessment of the stay factors here is based on the record and proceedings in this case alone.
  • Supreme Court Justice Ruth Bader Ginsburg • In her four-paragraph decision in “Indiana State Police Pension Trust v. Chrysler LLC,” which was the main roadblock in the way of the Chrysler-Fiat sale. Why the wording? It’s likely they didn’t want to set a standard for any sort of GM sale. The decision, by the way, hinged on whether Chrysler was being discriminatory towards the pension program in its actions, which it wasn’t. Everyone’s getting screwed the same way. • source
Posted by Ernie Smith • 0 Comments • Permalink

07 Jun 2009 10:20

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Biz, U.S.: People are playing pile-up with Chrysler to stop the Fiat sale

  • “Issue a stay … please!” The Indiana pension fund group that holds a minority stake in Chrysler appealed to the high court to prevent the sale, on grounds that the sale is unconstitutional in that the rights of junior creditors are being placed above senior lenders. They also say the U.S. Treasury Department has overstepped its bounds with the sale.
  • Other pitfalls Beyond that, consumer groups also attempted to block the deal, moving through the judicial system so quickly that it hasn’t been committed to paper, because it would shield the new company from lawsuits and other problems with current Chrysler vehicles. The Supreme Court has the ball in their hands now. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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