Tag: IPOs

  • Billionaire Khosla Is Asking the Supreme Court to Keep People Off His Beach

    Photographer: David Paul Morris/Bloomberg Taking a strong and unpopular position is vintage Khosla. His views on public beach access transcend the familiar world of venture capital and have made him the subject of widespread criticism. In coming months, he'll learn if the U.S. Supreme Court plans to take on the case. Khosla's petition earlier this year […]

  • Finnish Vodka With Village Roots to Propel Altias U.S. Dreams

    Finnish distiller Altia Oyj is betting on a little known handcrafted spirit with an unpronounceable name as it seeks to gain a share of the booming U.S. vodka market. Altia is banking on Koskenkorva — loosely translated as the edge of the rapids — to win the battle in American bars against global giants including […]

  • Spotify’s Founders Aren’t Giving Up Control Any Time Soon

    Spotify’s co-founders are taking a page from the Google-Facebook playbook, with plans to maintain control over the music service after its stock listing by holding shares with super voting power, according to three people with knowledge of the matter. Chief Executive Officer Daniel Ek and Vice Chairman Martin Lorentzon own a class of stock that […]

  • Yildiz Asks Banks for Biggest Ever Turkish Loan

    Yildiz Holding, owner of companies including Godiva Chocolates and United Biscuits, requested the largest loan ever from Turkish banks, citing difficulties with an existing finance structure that requires it to make monthly loan repayments that can reach more than $1 billion. In a letter to 10 banks dated Jan. 29, Yildiz asked them to create […]

  • Altice to Spin Off U.S. Unit

    Altice NV will spin off its U.S. unit, letting billionaire Patrick Drahi maintain control of both companies while he pursues a turnaround plan for the debt-laden European operation. Altice’s 67 percent stake in Altice USA Inc. will be distributed to shareholders by the end of the second quarter, the companies said Monday in a statement. […]

  • Qihoo’s Backdoor Success Won’t Start a Trend

    Qihoo 360 Technology Co. is  Data: Bloomberg; graphic by Bloomberg Gadfly Qihoo 360, which late last month received approval for a share sale and asset purchase plan with Shanghai-traded elevator maker SJEC Corp., was one of several Chinese companies that listed offshore only to later seek a public presence back home where valuations were, at […]