Goldman Sachs

  1. Pandora, Groupon to Go Public Soon, Sources Say

    January 14, 2011 12:00 AM EST Internet radio company Pandora and online coupon site Groupo nare moving ahead with plans for initial public offerings, sources familiar with the matter told Reuters. Chicago-based Groupon is meeting with bankers to explore prospects for an " ...

  2. Report: Facebook will disclose financials in '12

    January 06, 2011 12:00 AM EST Facebook will be forced by law to start coughing up details of its financial performance or go public by April 2012, according to a published report. The Wall Street Journal reported Thursday that privately held Facebook Inc. plans to cross the 50 ...

  3. Facebook Valued At $50 Billion, More Than Yahoo and Most Entertainment Companies

    January 03, 2011 12:00 AM EST Wall Street powerhouse Goldman Sachs has invested $450 million in Facebook, and existing Russian investor Digital Sky Technologies has invested an additional $50 million in a deal that values the social networking firm at $50 billion, the New York ...

  4. Business Matters: Live365 Will Survive Webcasting Royalty Rates But May Appeal Ruling

    December 28, 2010 12:00 AM EST Live365 Internet Radio Network Says It Will Survive New Webcasting Royalty Rates -- Internet radio network Live365 will survive with the new webcasting royalty rates, general counsel David Rosenberg tells Billboard. The company, which opted out of ...

  5. Christmas Sales Decisive For Nation's Two Largest Booksellers

    December 17, 2010 12:00 AM EST The two largest U.S. bookstore chains have offered up a compelling cliffhanger this holiday season that will seal the fate of brick-and-mortar bookselling. In the latest chapter, Barnes & Noble Inc has put itself up for sale, while Borders Gro ...

  6. Business Matters: Goldman Sachs, Bandcamp, TuneCore and more

    July 15, 2010 12:00 AM EDT - Goldman Sachs analysts are predicting Apple’s iPad will be a huge success and the main beneficiary of the transition to tablets. Their explanation is summed up in five bullet points: consumption (iPad is made for light tasks), content (tight int ...

  7. 'The Beatles: Rock Band' Going Fast

    September 17, 2009 12:00 AM EDT Sales of "The Beatles: Rock Band" have blown past expectations, so much so that Viacom CEO Philippe Dauman said one of the most expensive iterations of the video game might not be available to Christmas shoppers. The "Limited Editio ...

  8. Briefs: CTS Eventim, eMusic, MySpace

    July 20, 2009 12:00 AM EDT -- CTS Eventim AG , the largest ticketing company in Europe, is planning to expand in Europe this year and intends to grow beyond Europe in five years. CTS handles Live Nation's ticket sales in Europe. ( Ticket News ) -- According to a Ruder ...

  9. Briefs: Piracy, Live Nation, Millennium Music

    June 24, 2009 12:00 AM EDT -- Feargal Sharkey, chief executive of UK Music , wrote an op-ed for the Guardian that addresses criticism of trade groups' estimates of damages from digital piracy. The short version: it wasn't our estimates, we get a lot of competition ...

  10. Jobs Won't Deliver Macworld Keynote

    December 17, 2008 12:00 AM EST Apple Inc said on Tuesday that chief executive Steve Jobs will not deliver the keynote address at the Macworld trade show next month, reviving some investors' concerns about the state of his health and sending the company's shares down 3 ...

  11. Goldman Cuts Apple To Neutral

    December 15, 2008 12:00 AM EST Goldman Sachs downgraded Apple Inc to "neutral" from "buy" on concerns about weak consumer spending in the near-term, and risk of the stock's valuation premium coming down if iPhone sales fall short of expectations in the ...

  12. MSG To Consider Live Nation Ticketing Pact?

    September 18, 2008 12:00 AM EDT Cablevision CEO and Madison Square Garden chairman Jim Dolan commented during a Goldman Sachs conference in New York that MSG Entertainment's contract with Ticketmaster has expired and that the company would consider using Live Nation for fut ...

  13. Vivendi Sees Music Biz Hitting Digital Stride

    September 17, 2008 12:00 AM EDT Vivendi expects the music business could finally hit its digital growth stride, and Universal Music Group will shine, Jean-Bernard Levy, chairman of the management board and CEO, said Wednesday. "I think we are close to the turning point,&quo ...

  14. Balderton Capital Invests In Kobalt

    February 05, 2008 12:00 AM EST European venture firm Balderton Capital has invested $16 million in Kobalt Music Group. As part of the deal, the firm now holds a minority stake in the publishing company, and Balderton Capital partner Tim Bunting joins the Kobalt executive board. ...

  15. Emap To Sell Magazines And Radio Assets

    December 07, 2007 12:00 AM EST Emap has agreed to sell its consumer magazines and radio businesses to German publisher Bauer for £1.14 billion ($3 billion), but dropped plans to sell its business-to-business unit, hitting its shares. Analysts had expected Emap to raise around £ ...

  16. Trans World Receives Buyout Offer

    November 29, 2007 12:00 AM EST Sherwood Investment Overseas Ltd. has proposed paying $7 per share, or $217 million, to buyout Trans World Entertainment, the Zurich-based financial firm says. The company, which says it holds 1.5 million Trans World shares, says it is in the proc ...

  17. Street Cautious On Live Nation's Madonna deal

    October 19, 2007 12:00 AM EDT With its Madonna deal in place, Live Nation is discussing revolutionizing the music business. But Wall Street observers have doubts that the deal will pay off for the firm. Until last week, the company used the following description of its busines ...

  18. Guitar Center To Be Bought For $2.1 Billion

    June 27, 2007 12:00 AM EDT Guitar Center Inc. has agreed to be acquired by private equity firm Bain Capital Partners LLC for about $1.9 billion plus assumed debt. Total value of the transaction, expected to close in the fourth quarter, is approximately $2.1 billion includin ...

  19. Microsoft Ordered To Pay $1.5 Billion In MP3 Lawsuit

    February 23, 2007 12:00 AM EST Microsoft Corp. must pay $1.52 billion in damages to telecommunications equipment maker Alcatel-Lucent SA for violating two patents related to digital music, a federal jury ruled Thursday (Feb. 22). The Redmond, Wash.-based software company said t ...

  20. Bertelsmann Preps Bid For GBL Stake

    May 19, 2006 12:00 AM EDT German media giant Bertelsmann AG is preparing to buy the 25.1% stake held by Belgian minority shareholder Groupe Bruxelles Lambert for up to €4 billion ($5.1 billion), according to reports. German media giant Bertelsmann AG is preparing ...

  21. Bertelsmann Preps Bid For GBL Stake

    May 19, 2006 12:00 AM EDT German media giant Bertelsmann AG is preparing to buy the 25.1% stake held by Belgian minority shareholder Groupe Bruxelles Lambert for up to €4 billion ($5.1 billion), according to reports. German media giant Bertelsmann AG is preparing ...

  22. Wholesaler Baker & Taylor To Be Sold For $455M

    May 12, 2006 12:00 AM EDT Closing date on deal hasn't been set. Baker & Taylor, the books, video and music wholesaler based in Charlotte, N.C., will be sold for $455 million to Castle Harlan, a private equity firm. Willis Stein & Partners, which bought the com ...

  23. Wholesaler Baker & Taylor To Be Sold For $455M

    May 11, 2006 12:00 AM EDT Closing date on deal hasn't been set. Baker & Taylor, the books, video and music wholesaler based in Charlotte, N.C., will be sold for $455 million to Castle Harlan, a private equity firm. Willis Stein & Partners, which bought the com ...

  24. Merger Rumor Sparks EMI Stock Rise

    April 24, 2006 12:00 AM EDT Stock in EMI Group lifted in morning trading today (April 24) in the wake of weekend reports which suggested the music major was poised to re-enter merger talks with Warner Music Group. Stock in EMI Group lifted in morning trading today (April 24) ...

  25. Merger Rumor Sparks EMI Stock Rise

    April 24, 2006 12:00 AM EDT Stock in EMI Group lifted in morning trading today (April 24) in the wake of weekend reports which suggested the music major was poised to re-enter merger talks with Warner Music Group. Stock in EMI Group lifted in morning trading today (April 24) ...

  26. Major Music Wholesaler For Sale

    December 05, 2005 12:00 AM EST Baker & Taylor being shopped by Goldman Sachs. Baker & Taylor, the books, video and music wholesaler based in Charlotte, N.C., is up for sale, sources say. Nearly 30 months after Willis Stein & Partners acquired the wholesaler in J ...

  27. Cumulus, Investors Buy Susquehanna For $1.2 Billion

    October 31, 2005 12:00 AM EST Deal expected to close in the first half of 2006. With financial backing from three investment firms, Cumulus Media, radio's 11th largest radio group, is acquiring Susquehanna Radio for approximately $1.2 billion. To pull off the widely expec ...

  28. Ask Jeeves To Drop Butler Mascot, Change Name

    October 04, 2005 12:00 AM EDT The genteel butler that has been Ask Jeeves Inc.'s face for nearly a decade is getting ousted in a corporate takeover. SAN FRANCISCO (AP) -- The genteel butler that has been Ask Jeeves Inc.'s face for nearly a decade is getting ousted in ...

  29. Report: Disney Radio Considering 'Reverse Morris Trust'

    July 12, 2005 12:00 AM EDT Goldman Sachs reportedly retained to explore possible sale. No, it's not an intricate new dive you'll be seeing at the summer Olympics. It is, however, a tricky financial maneuver that could spell the Walt Disney's Company's ex ...

  30. DreamWorks Animation IPO Charms Wall Street

    November 02, 2004 12:00 AM EST Star-struck Wall Street gave a dazzling welcome to DreamWorks Animation SKG Inc. on Oct. 28, sending shares of the animated film maker up more than 38% in their market debut. NEW YORK (Reuters) -- Star-struck Wall Street gave a dazzling welcome to ...

  31. DreamWorks IPO Set

    October 19, 2004 12:00 AM EDT Underwriters for DreamWorks Animation SKG Inc., producer of the blockbuster "Shrek" movies, set the terms Oct. 12 of the company's pending initial public offering. The company will offer 29 million co Washington (AP) -- Underwriters ...

  32. NYC Residents, Club Owners Battle Over Noise

    March 22, 2004 12:00 AM EST LOS ANGELES--A New York City night-life ordinance is unlikely to see the light of day in 2004. But supporters say the law, which seeks to soften club noise for Manhattan residents, will eventually be Licensing Deals Abound In Wireless Market NYC R ...

  33. Update: EMI Shares Continue To Rise

    February 06, 2004 12:00 AM EST Stock in EMI Group continued to rise today (Feb. 6). The company's shares closed in London at 238p, up 2.92% over Thursday's close. At one point early today, the share price rose to 248.50p, its best Stock in EMI Group continued to rise ...

  34. Update: EMI Shares Continue To Rise

    February 06, 2004 12:00 AM EST Stock in EMI Group continued to rise today (Feb. 6). The company's shares closed in London at 238p, up 2.92% over Thursday's close. At one point early today, the share price rose to 248.50p, its best Stock in EMI Group continued to rise ...

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