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Biz Break: Oracle jumps back into cloud acquisitions, Facebook prices secondary offering
2013-12-21 03:10:16| IT Services - Topix.net
In this Tuesday, March 20, 2012, file photo, a plane flies over Oracle headquarters in Redwood City, Calif.
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Facebook announces new share offering
2013-12-19 16:00:00| Telecompaper Headlines
(Telecompaper) Facebook announced a secondary public offering to sell around 70 million of its Class A shares. The offer includes 27 million shares from the company and 43 million held by shareholders, including 41.35 million held by CEO and co-founder Mark Zuckerberg. The proceeds for the company, estimated at almost USD 1.5 billion based on the current share price, will go towards working capital and other general corporate purposes. Zuckerberg meanwhile is expected to use his proceeds to settle taxes due on the exercise of an option to acquire 60 million Class B shares in the company. Zurckerberg is converting 41.35 million of these shares to Class A stock, on a one-for-one basis, and these will be the shares sold by him in the public offering. The Class B shares carry ten voting rights each, compared to just one vote for the Class A shares. After the transactions, Zuckerberg will hold 62.8 percent of the voting rights in Facebook, compared to 58.8 percent previously. However, this does not yet take into account a planned donation by Zuckerberg this month of 18 million Class B shares, converted to Class A shares. In addition, the social network company confirmed that its stock will join the S&P 500, an index of leading companies on US stock markets.
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Former Las Vegas casino owner offering to sell $7.85 million luxury mansion for bitcoin
2013-12-14 22:44:22| Real Estate - Topix.net
From left, Laura and Jack Sommer stand with their realtor Craig Tann in the entryway of their home in the Spanish Trail neighborhood of Las Vegas on Thursday, Dec. 12, 2013.
McLendon partnership files for public offering
2013-12-14 08:44:19| Energy - Topix.net
The filing says American Energy Capital Partners will offer 100 million units at a price of $20 each.
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McLendon partnership files for public offering
2013-12-14 06:56:52| Oil & Gas - Topix.net
The filing says American Energy Capital Partners will offer 100 million units at a price of $20 each.
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