Bank of America Posts

Zulily Prices $253 Million Above Target

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Zulily
is a Seattle based e-commerce shopping website that will be going public later today.  The company has recently raised their expectations, which is an indication of strong investor demand.  Zulily and insiders like venture capital company Maveron LLC has agreed to sell 11.5 million shares for $22 each late on Thursday.
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BlackBerry Ltd (BBRY) Agrees To $4.7 Billion Sale Led By Fairfax Financial

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BlackBerry Ltd (NASDAQ:BBRY) has agreed to sell themselves to a group of investors, led by their largest shareholders.  These shareholders have indicated that they are going to take BlackBerry private.  The lead investor is Fairfax Financial Holdings Ltd.  The investors have agreed to buy the company for $4.7 billion.
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Bloom Energy Partners With Bank of America To Launch Fuel Cell Lease Program

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Bloom Energy has partnered with Bank of America Merrill Lynch to allow new customers that want to install fuel cells at their buildings to join a leasing program. Some of the new customers that have joined the program includes TaylorMade Adidas Golf and the Honda Center in Anaheim, California.

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Zynga’s Credit Line Gets Cut From $1 Billion To $200 Million

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Zynga used to have a $1 billion unsecured revolving line of credit, which has now been replaced with a $200 million credit facility.  The length of the line has been increased from four to five years though.  The line of credit still remains unsecured.  Zynga is known for developing numerous social games like CityVille and FarmVille.
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Report: Chegg Picks Banks For Their IPO


Chegg is a textbook rental company that has been growing at a rapid pace.  Chegg is working with two banks to lead the IPO, according to sources with Reuters.  Chegg is going to work with JPMorgan Chase & Co. and Bank of America.  Chegg may raise around $200 million from the IPO.
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Report: SoftBank Threatens Banks Not To Finance Dish’s Sprint Deal

SoftBank
SoftBank Corporation is doing something unusual to try and stop Dish Network’s acquisition offer for Sprint Nextel Corp.  SoftBank owns 33% of Alibaba Group Holding Ltd and reportedly threatened banks that if they financed Dish’s $25.5 billion rival offer, it would hurt their chances of landing a role in Alibaba’s IPO, according to sources with Reuters.

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Bank Of America Launching A Mobile Payment Service

Jack Dorsey, the co-founder of Twitter, is known for starting a mobile payment called Square.  The Square payment reader became very mainstream and is used everywhere including Starbucks.  Now Bank of America is getting into the mobile payment game with the introduction of the Mobile Pay on Demand service.  The Mobile Pay on Demand lets small business owners accept payments over a mobile phone.

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Anonymous Hackers Release Leaked Bank of America E-Mails


Anonymous, a group of hackers that strongly believe in government and corporate transparency, has gotten their hands on some private e-mails from Bank of America Corporation (NYSE:BAC). Anonymous got their hands on the documents from a former Bank of America employee. The e-mails date back to November 2010 and are written by employees of Balboa Insurance, the insurance division of Bank of America. The e-mails discuss removing loan files from a large group of insured properties.
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