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BUSINESS
December 12, 2006 | From Reuters
Multiple firms including Silver Lake Partners and Texas Pacific Group have bid for Sabre Holdings Corp., owner of website Travelocity, a person familiar with the situation said Monday. Shares in Sabre, which has a market capitalization of about $4 billion, rose after the New York Times first reported a deal could take place for more than the company's market capitalization. A Sabre spokesman declined to comment. A spokesman for Texas Pacific declined to comment.
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BUSINESS
December 17, 2013 | By Daniel Miller
Hollywood talent agency William Morris Endeavor and one of its key investors are nearing a deal to acquire sports and media agency IMG Worldwide Inc. for more than $2 billion, according to three people with knowledge of the matter. The deal, expected to be announced later this week, would be a coup for WME and private equity firm Silver Lake Partners in Menlo Park, Calif., which owns 31% of the agency. WME would have access to a trove of new clients and, perhaps most important, a formidable presence in the sports agency business.
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BUSINESS
August 23, 2006 | From Dow Jones/the Associated Press
Less than a year after buying electronic stockbroker Instinet for $208 million, Silver Lake Partners and Instinet management plan to sell the firm or take it public. Silver Lake, a private equity firm in Menlo Park, Calif., bought a majority interest in Instinet from the Nasdaq Stock Market last December. Instinet Chief Executive Edward Nicoll and some other members of management own 25% to 33% of the brokerage.
BUSINESS
December 12, 2006 | From Reuters
Multiple firms including Silver Lake Partners and Texas Pacific Group have bid for Sabre Holdings Corp., owner of website Travelocity, a person familiar with the situation said Monday. Shares in Sabre, which has a market capitalization of about $4 billion, rose after the New York Times first reported a deal could take place for more than the company's market capitalization. A Sabre spokesman declined to comment. A spokesman for Texas Pacific declined to comment.
BUSINESS
November 12, 2005 | From Associated Press
Serena Software Inc. of San Mateo, Calif., said it agreed to be sold for $1.2 billion to investment firm Silver Lake Partners in a deal that would result in the software maker's becoming a private company. Serena, which provides management software to clients such as General Electric Co., American Express Co. and IBM Corp., said its shareholders would get $24 in cash for each share they owned. The offer represents a 1.5% premium over Serena's Thursday closing price of $23.65.
BUSINESS
July 27, 2004
* Menlo Park investor Silver Lake Partners said it was pumping $500 million into France's Thomson, parent company of the Technicolor film lab that has long been a major supplier to the motion picture industry. * As expected, Santander Central Hispano, the largest bank in Spain and Latin America, agreed to buy Britain's Abbey National for about $15.2 billion in Europe's biggest-ever cross-border banking takeover. * America Online Inc.
BUSINESS
December 17, 2013 | By Daniel Miller
Hollywood talent agency William Morris Endeavor and one of its key investors are nearing a deal to acquire sports and media agency IMG Worldwide Inc. for more than $2 billion, according to three people with knowledge of the matter. The deal, expected to be announced later this week, would be a coup for WME and private equity firm Silver Lake Partners in Menlo Park, Calif., which owns 31% of the agency. WME would have access to a trove of new clients and, perhaps most important, a formidable presence in the sports agency business.
BUSINESS
January 25, 2007 | From Bloomberg News
German engineering company Siemens agreed to buy software maker UGS Corp. for $3.5 billion, including debt, and separately announced plans to spin off its VDO automotive unit. Plano, Texas-based UGS, whose software is used by customers including General Motors Corp. to design cars, is owned by Bain Capital, Silver Lake Partners and Warburg Pincus.
BUSINESS
September 13, 2002 | Bloomberg News
SBC Communications Inc. received an offer of about $1 billion for its Sterling Commerce software unit, which SBC bought 2 1/2 years ago for almost four times as much, according to people familiar with the matter. The bid from buyout firms Silver Lake Partners and Texas Pacific Group faces competition from another offer from Francisco Partners of Menlo Park, Calif., the people said.
BUSINESS
July 20, 2005 | From Reuters
IBM Corp. has reorganized its massive global services unit, a business with about $50 billion a year in sales, the company said in a memo to employees. John Joyce, who most recently headed the division, which accounted for more than half of IBM's revenue, and was a former chief financial officer of the company, has left to join investment firm Silver Lake Partners, both companies confirmed. Armonk, N.Y.
BUSINESS
August 23, 2006 | From Dow Jones/the Associated Press
Less than a year after buying electronic stockbroker Instinet for $208 million, Silver Lake Partners and Instinet management plan to sell the firm or take it public. Silver Lake, a private equity firm in Menlo Park, Calif., bought a majority interest in Instinet from the Nasdaq Stock Market last December. Instinet Chief Executive Edward Nicoll and some other members of management own 25% to 33% of the brokerage.
BUSINESS
November 12, 2005 | From Associated Press
Serena Software Inc. of San Mateo, Calif., said it agreed to be sold for $1.2 billion to investment firm Silver Lake Partners in a deal that would result in the software maker's becoming a private company. Serena, which provides management software to clients such as General Electric Co., American Express Co. and IBM Corp., said its shareholders would get $24 in cash for each share they owned. The offer represents a 1.5% premium over Serena's Thursday closing price of $23.65.
BUSINESS
July 27, 2004
* Menlo Park investor Silver Lake Partners said it was pumping $500 million into France's Thomson, parent company of the Technicolor film lab that has long been a major supplier to the motion picture industry. * As expected, Santander Central Hispano, the largest bank in Spain and Latin America, agreed to buy Britain's Abbey National for about $15.2 billion in Europe's biggest-ever cross-border banking takeover. * America Online Inc.
BUSINESS
July 11, 2007 | From Times Wire Services
Michael Capellas, the former chief executive of MCI Inc., will head First Data Corp. after the $25.6-billion buyout of the world's biggest credit card payment processor by Kohlberg Kravis Roberts & Co. Capellas, 52, was MCI's CEO from 2002 until its 2006 purchase by Verizon Communications Inc. Before that, he led Compaq Computer Corp. Capellas' priorities will include expanding First Data internationally and bolstering customer ties, the Greenwood Village, Colo.
BUSINESS
June 5, 2007 | From Times Wire Services
Silver Lake Partners and TPG Inc. agreed to buy Avaya Inc. for $8.2 billion in the largest leveraged buyout of a computer-networking company. Avaya shareholders will receive $17.50 a share, the Basking Ridge, N.J.-based company said. That's 4.7% more than Monday's closing price of $16.72 and 28% more than the price before speculation about the purchase surfaced.
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