On September 8th, 2005, I wrote a piece called YahooBay, not SkypeBay, as eBAY prepared to buy Skype. Since then, eBAY has stabilized, their core auction business is doing better, although Skype still remains a relatively unmonetized asset. I hope this changes relatively soon, since I am a shareholder, but I still maintain, it is
I had speculated in For Profit Education – More LBOs Coming that Educate (EEEE) and Apollo (APOL) were next up, at the heels of Laureate’s (LAUR) acquisition by KKR and associates. I had missed the announcement that Educate’s management has already arranged such a deal to take the owners of Sylvan tutoring services private. Tutoring
From Business Week: “Draper Fisher Jurvetson manages a little more than $4 billion, but it’s spread across 19 funds and run out of 33 offices from Boston to Beijing. Regional managers can often spot opportunities more quickly than those in charge of “monolithic funds” based on Sand Hill Road, says Ravi Belani, an associate at
WSJ reports that UGS, owned by Siemens, Bain Capital and Silverlake, is about to be sold to Siemens, for $3.5 Billion. The company was purchased 3 years back for $2 Billion. Deals have become much larger since. The WSJ articles hints at an issue the industry is facing: Exit. While there may be players who
Yet another India fund was announced today. Matrix Partners has set up a $150 million fund to invest in consumer-focused industries mainly in the Internet, telecoms and media space. The fund will be co-managed by Avnish Bajaj, former founder/CEO of Bazee.com and after it sold to eBay, its chairman of Indian operations. (via Rafat Ali).
Top educational institutions should share their best practices.