Chip stocks and cable are yesterday’s news, unless they’re merging. Hedge funds crave software and Internet plays. How mature is Apple?
Smith’s hedge fund firm, Starboard Value, posts another win by pushing the office supplies giant to merge with rival Office Depot in a pending $6.3 billion deal.
People’s Bank of China data shines a light on shadow banking; oil inventory data on deck; AOL and PepsiCo report earnings.
Hedge fund Starboard Value applauds AOL’s new patent agreement with Microsoft but presses for more action to unlock shareholder value.
Fund run by Ramius is unlikely to back off on changes it seeks at the former Internet juggernaut, judging from the fund’s activist track record at 30 other companies.
Michael Arrington, founder of TechCrunch, a blog that covers Silicon Valley, has set up a venture capital fund to invest in start-ups.
The Huffington Post has successfully marshalled a wave of emotion which connects it to a larger community of like-minded individuals. That’s a powerful business model.
AOL’s purchase of the Huffington Post is a good deal for co-founder Arianna Huffington and angel investor Ken Lerer, who took a gamble on the Web start-up six years ago.
AOL is buying news and analysis website, The Huffington Post.