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March 26, 2013
I like shoes, I will buy a new pair of Nike trainers and I’ll probably get a new computer, but at the moment I just want to save and bank it. I don’t have many living expenses.
Summly founder Nick D’Aloisio • Discussing his plans for what to do with the money he’ll receive from Yahoo’s $30 million buyout of the company. By the way, he’s 17. Some are already calling the deal sort of crazy.
8:20 // 1 year ago
February 14, 2013
Warren Buffett’s a ketchup fan. His company, Berkshire Hathaway, is joining with 3G Capital to buy Heinz. It’s a $28 billion deal — one that’s bound to buy a lot of condiments. Yum.

Warren Buffett’s a ketchup fan. His company, Berkshire Hathaway, is joining with 3G Capital to buy Heinz. It’s a $28 billion deal — one that’s bound to buy a lot of condiments. Yum.

8:19 // 1 year ago
February 12, 2013

Comcast buys the other half of NBC Universal, meaning your cable provider owns 30 Rock

  • $16.7B the amount Comcast will pay General Electric for the 49 percent stake in NBC Universal it doesn’t currently own. The sale includes the sale of NBC’s iconic 30 Rockefeller Center building in NYC. General Electric, until now, had been in the entertainment industry for roughly 90 years. Let’s hope a small fraction of this dollar amount goes to bringing EveryBlock back online. source
19:07 // 1 year ago
August 22, 2012
18:56 // 1 year ago
July 12, 2012
New York-based Betaworks set to purchase Digg’s remaining assets
The Wall Street Journal reports the price tag being in the vicinity of $500,000, but TechCrunch is already disputing that figure. That’s pretty low considering that a Business Week report infamously valued the company over $200 million six years ago. According to the report, Betaworks will fold Digg into News.me but will not retain any members of the Digg staff who still remain after the mass exodus to The Washington Post Company’s Social Code in May. (big hat tip to MartinezReport for the tip) source
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The Wall Street Journal reports the price tag being in the vicinity of $500,000, but TechCrunch is already disputing that figure. That’s pretty low considering that a Business Week report infamously valued the company over $200 million six years ago. According to the report, Betaworks will fold Digg into News.me but will not retain any members of the Digg staff who still remain after the mass exodus to The Washington Post Company’s Social Code in May. (big hat tip to MartinezReport for the tip) source

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18:15 // 1 year ago
June 4, 2012
21:23 // 1 year ago
April 23, 2012
18:52 // 2 years ago
March 28, 2012

Group led by Magic Johnson spends a crapload buying the Dodgers

  • $2 billion winning bid to buy an iconic Los Angeles baseball team source

» Saddled with debt: The bidding group, led by former NBA star-turned-entrepreneur Magic Johnson, is about to set a record for the most expensive team purchase in history, topping a $1.1 billion 2008 buyout of the Miami Dolphins and a $1.47 billion buyout of Manchester United in 2005. (Well, a federal bankruptcy court still needs to approve the sale.) The team, currently owned by Frank McCourt, declared bankruptcy in June of last year after admitting the team has $600 million in outstanding debt. McCourt had to sell the franchise partly because of an expensive divorce, and was told by a court in December that he could not sell the team’s media rights, leading to his sale of the team. But he’s still making out like a bandit — even considering that he has to cover the debt on the team’s sale, he spent just $330 million to buy the team eight years ago, along with another $100 million to build the team’s current stadium.

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10:54 // 2 years ago
March 21, 2012
18:06 // 2 years ago
March 12, 2012

CNN rumored to be acquiring Mashable: Could two media organizations be more made for one another? Possibly not, says the man in the teal shirt — and the buyout could reach $200 million, which is smaller (but nearing the scale) of last year’s AOL/HuffPo merger. Brian Stelter did a piece on this story, too, which CNN is currently denying.

8:31 // 2 years ago