August 25, 2011 |
AOL Inc., which is struggling to halt a sales slide, said Thursday that it retained investment bank Allen & Co. and law firm Wachtell, Lipton, Rosen & Katz as advisors. Its stock jumped. Graham James, a spokesman for New York-based AOL, confirmed the hiring of the firms but declined to comment further. AOL has posted losses of almost $800 million in less than two years as a stand-alone company as it has struggled to make money from online advertising and its profitable dial-up Internet business has become increasingly obsolete.
July 11, 2009 |
Security is tight at investment bank Allen & Co.'s annual conference. Held at the tony Sun Valley Resort nestled in the northern Rocky Mountains, the fairly secretive gathering of media kingpins, technology geniuses, billionaire investors, politicians and even the occasional star athlete also is filled with moonlighting detectives and retired police officers watching everyone and everything like a hawk. One question: What exactly are they guarding?
July 10, 2009 |
Continuing a recent tradition, Google Inc. Chief Executive Eric Schmidt held court with the press Thursday at the Allen & Co. conference in Sun Valley, Idaho, where he called the current economy "the new normal." Companies need to "figure out how to be happy and get our lives together in this new configuration," Schmidt said, adding, "You can't waste money, credit is tight." Schmidt, who was joined by Google co-founder Larry Page, spoke on a variety of topics, including Apple Inc.
July 9, 2009 |
How much would you pay a month to look at YouTube? Apparently, investor Warren Buffett is willing to shell out five bucks for the pleasure of seeing dogs skateboard, kids making their own videos and the occasional piece of unlicensed material. At least that's what he told Liberty Media Corp. Chairman John Malone at the Allen & Co. conference in Sun Valley, Idaho. Malone shared that tidbit with reporters Wednesday after the morning sessions here.
July 7, 2009 |
Kobe Bryant may have four championship rings, but it's the Cleveland Cavaliers' LeBron James who wrangled an invitation to hobnob with moguls at this week's Allen & Co. media-industry conference in Sun Valley, Idaho. James, who already has ties to the New York investment bank and is busy building his own empire, will be in good company.
October 30, 2006 |
In a sign of the Internet's rapid transformation of the advertising industry, Web-based agency Spot Runner Inc. has raised $40 million from an investor group that includes broadcasting giant CBS Corp. The new investors in the Los Angeles-based company also include two of the world's largest advertising holding companies -- WPP and Interpublic Group -- as well as investment banker Allen & Co. and Lachlan Murdoch, the eldest son of News Corp. Chairman Rupert Murdoch, company executives said.