May 9, 2012 |
China's biggest theater company is trying to get a foothold in the U.S. by picking up some or all of AMC Entertainment Inc., an arrangement that could further pry open the market for Hollywood films in the world's most populous country. AMC, the second-largest movie theater chain in the U.S., is negotiating a deal to sell all or part of itself to Wanda Group, two people familiar with the talks said. The deal, if concluded, would make Wanda the first Chinese company to establish a major presence in the North American movie theater business.
May 9, 2012 |
Mark Zuckerberg was not the only no-show in Boston, Facebook's second stop on its road show to pitch its initial public stock offering. Also missing in action Tuesday was the company's slickly produced video to pump up interest in the IPO. Investors who attended Monday's kickoff event in New York were frustrated they spent half an hour watching the video they could have easily viewed online instead of getting face time with the social network's...
May 3, 2012 |
Facebook is about to create some overnight liquid millionaires and billionaires as they cash in on the company's initial public stock offering later this month. Chief Executive and co-founder Mark Zuckerberg and investors plan to sell as much as $5.5 billion in stock in the hotly anticipated IPO. They will sell 157.4 million shares for as much as $35 apiece, according to a regulatory filing Facebook filed Thursday. Zuckerberg will sell 30.2 million of his 533.8 million shares.
May 1, 2012 |
It looks like the countdown to the Facebook IPO could be nearing completion. Facebook could start its IPO roadshow next week and appears to still be on track for a mid-May initial public stock offering, according to reports. In what is expected to be one of the biggest stock market debuts in history, Facebook appears to be putting the finishing touches on the required documents to be able to begin to court institutional investors such as...
April 27, 2012 |
AMC Entertainment Inc., the nation's second-largest movie exhibitor, has once again scrapped plans for a stock offering, two people familiar with the matter said. The Kansas City, Mo., theater chain had said in a regulatory filing last spring that it planned to raise as much as $450 million in an initial public offering of stock, using the proceeds to pay down debt. Top shareholders in AMC include JPMorgan Chase & Co., Apollo Investment Fund and Bain Capital Investors. But at the prompting of AMC's owners, the circuit has opted to shelve the IPO out of concern that market conditions aren't ripe for a stock offering, said two sources familiar with the plans who asked not to be identified because they were not authorized to discuss the matter.
April 26, 2012 |
AMC Entertainment, the nation's second-largest exhibitor, has once again scrapped plans for a stock offering, two people familiar with the matter said. The Kansas City, Mo.-based theater chain had said in a regulatory filing last spring that it planned to raise up to $450 million in an initial public offering of stock, using the proceeds to pay down debt. Top shareholders in AMC include JPMorgan, Apollo Investment Fund and Bain Capital Investors. But at the prompting of AMC's owners, the circuit has opted to shelve the IPO, out of concern that market conditions aren't ripe for a stock offering, said two sources familiar with the plans who asked not to be identified because they were not authorized to discuss the matter.
April 24, 2012 |
SAN FRANCISCO — The rapid growth of Facebook Inc. showed signs of slowing in the first quarter, potentially cooling investors' fervor just weeks before the company's hotly anticipated initial public stock offering. Facebook generated $1.06 billion in sales, the second quarter in a row sales topped $1 billion. That represented a 45% jump from a year earlier but a 6% decline compared with the fourth quarter. The financial performance, the company's most anemic since at least 2010, fell below analysts' expectations.
April 10, 2012 |
How does a 28-year-old make $400 million in 18 months? Kevin Systrom won the start-up sweepstakes with the right product at the right time: Instagram. This young entrepreneur's ambition to build the next big social network caught the attention of Facebook founder and Chief Executive Mark Zuckerberg, who paid a cool $1 billion to buy Instagram this week. That's 1% of the valuation that Facebook is expected to fetch next month when it begins selling shares to the public for a tiny start-up that has never made a dime but soared to a loyal following of more than 30 million users just on Apple's iPhone.
March 28, 2012 |
Facebook plans to halt trading of its shares on private exchanges this week. In other words, last call to buy Facebook shares before the IPO. The move is part of the process of preparing for its initial public stock offering that could come as early as May. Facebook told exchanges that broker trades of its shares to stop trading this week, two people with knowledge of the matter told Bloomberg News . That way Facebook can...