Tag Archives: Goldman-Sachs
Ex-Goldman Programmer Sergey Aleynikov May Be Released From Prison
In July 2009 Sergey Aleynikov was accused of stealing programming algorithms from Goldman Sachs and leaking it on the Internet. Aleynikov had been in prison for the past year at the Ft. Dix federal prison in New Jersey. However the U.S. Circuit Court of Appeals in Manhattan had reversed his conviction and entered a judgment of Acquittal. Aleynikov may be heading home soon. Originally Aleynikov was sentenced to 8 years in prison.
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Facebook To File For IPO As Early As Wednesday
Facebook is expected to file papers for an IPO next week on Wednesday. The IPO is expected to value the company at between $75 and $100 billion. Morgan Stanley is expected to close the deal for underwriting the IPO. Goldman Sachs is also expected to play a large role in the deal. Other executives are saying considering filing a few weeks from now.
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Categories Facebook, Goldman-Sachs, Morgan Stanley
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Glam Media Plans To IPO In Second Half Of Next Year
Glam Media is expected to have an IPO in either the third or fourth quarter of 2012. The company is currently talking to bankers such as Goldman Sachs and Morgan Stanley to lead the IPO. Glam Media is expected to top 206 million unique visitors per month across all of their properties. It is currently a comScore Top 10 U.S. Web Property. Glam is rumored to be valued at $950 million after acquiring Ning for about $200 million. [BusinessInsider]
Car Request Servicer Uber Raises $32 Million From Menlo Ventures, Benchmark, Goldman Sachs, and Jeff Bezos
Yelp Files For $100 Million IPO
Yelp is a local business review website that has filed for a $100 million IPO. Goldman Sachs, Citigroup, and Jefferies are working as the lead underwriters. However the San Francisco based company has not selected an exchange to be traded on. Yelp is using multiple classes of shares for the public offering.
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Zynga Raises $1 Billion Line Of Credit and Files Internal Valuation Of $11.15 Billion
Social gaming development company Zynga Inc. has raised a $1 billion line of credit in July from Morgan Stanley, Goldman Sachs, and several other banks according to a regulatory filing. Zynga did not indicate whether the stock market conditions would affect an IPO. Zynga’s amended S-1 document for the IPO also had disclosed how Zynga valued themselves in the past before the stock market fluctuations. This past March, Zynga indicated that they were worth $11.15 billion. Another third party valuation had indicated that Zynga’s value was less than half at $4.98 billion.
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Categories Goldman Sachs Group Inc., Goldman-Sachs, Morgan Stanley, Zynga
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Zynga In The Process Of Hiring Bankers To Lead Their IPO
Social gaming company Zynga Inc. is in talks with Goldman Sachs Group Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) to lead their initial public offering. Goldman is also expected to provide Zynga to provide a credit line of over $1 billion. This funding will be used to help make acquisitions. Zynga has about 242.1 million monthly active users on Facebook. Some of their most popular games include FarmVille, CityVille, and Texas HoldEm Poker.
Categories Goldman Sachs Group Inc., Goldman-Sachs, Morgan Stanley, Zynga
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Zynga Close To Filing IPO [RUMOR]
Social gaming company Zynga is preparing to file for an IPO according to sources with AllThingsD. A filing with the SEC is expected to happen sometime next week. Based on Zynga’s last round of funding, the company has a valuation of $10 billion. Zynga has about 250 million people actively playing their games every month. Zynga supposedly made about $400 million profit last year on around $850 million in revenue. Today Zynga has about 1,500 full-time employees across 13 offices in 6 countries. Goldman Sachs is believed to be one of the bankers in the Zynga deal. [AllThingsD]
Categories Goldman Sachs Group Inc., Goldman-Sachs, Zynga
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Groupon Hires Goldman Sachs and Morgan Stanley As Lead Underwriters For IPO
Groupon Inc. has hired Goldman Sachs and Morgan Stanley as the lead underwriters for an IPO that they are planning for later this year according to sources with The Wall Street Journal. Groupon is expected to be valued at between $15 and $20 billion when the company goes IPO. JP Morgan Chase & Co. is expected to be a co-manager for the IPO according to the same sources.
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Japanese Virtual Goods Company Nexon Hires Investment Banks For P.E. Deal Or IPO
Nexon is a Japanese virtual goods company that has hired Morgan Stanley and Goldman Sachs to prepare for an IPO or for a huge private equity deal. Nexon has been growing at a rapid pace. Revenue has grown 56% to $648 million in 2009 and hit close to $1 billion in 2010. Nexon was started in Korea about 17 years ago. Nexon has published several free online games like Atlantica and MapleStory. It earns revenues through sales of virtual goods in their games. Nexon’s founder is billionaire Kim Jung-Joo. [alarm:clock]
Categories Goldman Sachs Group Inc., Goldman-Sachs, Kim Jung-Joo, Morgan Stanley, Nexon
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