Goldman Sachs

Verimatrix Secures Third Round for Pay-TV Content Protection

Authored by Mark Hefflinger on July 23, 2008 - 7:36am.

San Diego - Verimatrix, a developer of anti-piracy technology for pay-TV networks, announced on Wednesday that it has closed its third and largest-to-date round of financing, led by Goldman Sachs.

Shares of XM, Sirius Plunge After Negative Analyst Report

Authored by Mark Hefflinger on June 19, 2008 - 7:42am.

Washington - As momentum builds toward the completion of their multi-billion dollar merger, shares of DC-based XM Satellite Radio (NASD: XMSR) and New York-based Sirius (NASD: SIRI) tumbled on Thursday following an analyst report that questioned the very future of satellite radio. Goldman Sachs analyst Mark Wienkes cited a dramatic slowdown in subscriber growth, with younger consumers buying alternatives such as MP3 players and iPhones.

Next New Networks Lands $15 Million for Web Video Channels

Authored by Mark Hefflinger on March 12, 2008 - 6:44am.

New York - Next New Networks, a provider of thematic online video channels for targeted communities, has raised $15 million in new financing from Velocity Interactive and Goldman Sachs, VentureBeat reported.

Freebase Developer Metaweb Technologies Gets $42.4 Million

Authored by Mark Hefflinger on January 15, 2008 - 8:19am.

San Francisco - Metaweb Technologies, the developer of an expansive online database that aims to house all the world's data, has raised $42.4 million in its second round of venture capital financing, led by Benchmark Capital and Goldman Sachs, VentureBeat reports.

Zagat Hires Goldman Sachs to Explore Sale of Guidebook Business

Authored by Mark Hefflinger on January 14, 2008 - 8:41am.

New York - Zagat Survey, the publisher of print and online user-generated, survey-based dining, travel and leisure guides, announced on Monday that it has hired Goldman Sachs to explore partnerships or a potential sale of the company.

Korean Content Delivery Network CDNetworks Gets $96.5 Million

Authored by Mark Hefflinger on December 20, 2007 - 6:41am.

Seoul, South Korea - CDNetworks, a Korea-based provider of content delivery network services, announced that it has raised $96.5 million in new financing, led by Oak Investment Partners.

Tom Cruise Film 'Lions for Lambs' Could Hurt MGM Financing

Authored by Scott Goldberg on November 2, 2007 - 5:04am.
Might Tom Cruise hurt MGM's Financing Efforts?Negative reactions to Tom Cruise’s Lions for Lambs, directed by Robert Redford and co-starring Meryl Streep, could have a negative impact on Metro-Goldwyn-Mayer’s attempts to raise funds for film productions, The New York Post reports.  MGM had hired Goldman Sachs to assist in raising between $500 million and $1 billion prior to this summer’s credit market crash, and though still tight, the investment bank continues pursuing funds.

Rental Store Chain Movie Gallery Files for Bankruptcy

Authored by Mark Hefflinger on October 16, 2007 - 9:14am.

Dothan, Ala. - Movie Gallery, the nation's second-largest movie rental chain behind Blockbuster, announced on Tuesday that it has filed for Chapter 11 bankruptcy, and will close some of its stores as part of a reorganization plan.

Demand Media Raises $100 Million in Fourth Round

Authored by Mark Hefflinger on September 27, 2007 - 6:48am.

Santa Monica, Calif. - Demand Media, a domain name registrar and operator of a network of niche entertainment websites, has raised $100 million in its fourth round of venture capital financing, led by Goldman Sachs, PEhub.com reported.

Video-Sharing Site Veoh Networks Raises $26 Million

Authored by Mark Hefflinger on June 14, 2007 - 3:37pm.

San Diego - Veoh Networks, a video-sharing site similar to YouTube, has raised around $26 million in its third round of venture capital financing, led by Goldman Sachs, PEHub.com reported.

Codemasters Acquired by Balderton; Gets $99 Million From Goldman Sachs

Authored by Mark Hefflinger on June 14, 2007 - 11:34am.

London - Venture capital firm Benchmark Capital's new European unit, Balderton, has acquired U.K.-based video game developer and publisher Codemasters from its founding Darling family for an undisclosed sum.

Casual Games Firm Oberon Acquires I-play for About $110 Million

Authored by Mark Hefflinger on May 31, 2007 - 10:47am.

New York - Oberon Media, a publisher and distributor of casual games, announced on Thursday that it has acquired I-play, a developer of casual mobile games. While financial terms of the transaction were not disclosed, Israel's Globes Online reported that Oberon will pay $110-120 million for London-based I-play, which was founded in 1998.

Mobile Network Operator Alltel Agrees to $25 Billion Buyout

Authored by Mark Hefflinger on May 21, 2007 - 1:32pm.

New York, N.Y. - Alltel Corp., the Arkansas-based voice and data communications service provider, has agreed to be acquired by New York-based Goldman Sachs and Texas-based TGP Capital for $2.5 billion.

3D Community Developer Gemini Mobile Raises $20 Million

Authored by Mark Hefflinger on March 8, 2007 - 12:04pm.

San Mateo, Calif. - Gemini Mobile, a developer of wireless software infrastructure, including a 3D community platform for mobile phones, announced on Thursday that it has received a $20 million investment from Goldman Sachs.

Primedia Seeking to Sell Enthusiast Media Unit

Authored by Scott Goldberg on February 16, 2007 - 4:29pm.
Surfer New York, NY - Primedia Inc. has hired Goldman, Sachs & Co. and Lehman Brothers Inc. to explore the sale of its Enthusiast Media unit.  Primedia Enthusiast Media (PEM) consists of 70 publications, 90 websites, and 65 events, including Motor Trend, Hot Rod, and Surfer.  PEM’s 2006 revenue surpassed $500 million, and analysts believe the business could be worth more than $1 billion.  Kohlberg, Kravis, Roberts, & Co. owns 61.3% of Primedia.

Mobile Games Publisher Glu Mobile Files for $92 Million IPO

Authored by Mark Hefflinger on December 20, 2006 - 6:31am.
San Mateo, Calif. - Glu Mobile, a publisher of games for mobile phones, announced on Wednesday that it has filed to raise up to $92 million in an initial public offering (IPO).

Goldman Sachs, Lehman Brothers, Banc of America Securities and Needham & Company will serve as underwriters for the offering. San Mateo, Calif.-based Glu Mobile has applied to list its shares on the Nasdaq under the symbol "GLUU."

Related Links:
http://tinyurl.com/vol9f (Press Release)
DMW Video: Greg Ballard, CEO, Glu Mobile (I) (Games & Mobile, April 26, '06)
DMW Video: Greg Ballard, CEO, Glu Mobile (II) (Games & Mobile, April 26, '06)
Glu Mobile Acquires U.K. Mobile Game Developer iFone (April 4, 2006)
Time Warner Invests $7.5M in Game Publisher Glu Mobile (Aug. 23, 2005)
Mobile Firms Sorrent, Macrospace Merge to Form Glu Mobile (June 5, 2005)
More articles on Glu Mobile...
http://www.glu.com

Zoom Systems Raises $35 Million in Fourth Round

Authored by Mark Hefflinger on October 27, 2006 - 2:48pm.
San Francisco - Zoom Systems, a maker of automated robotic stores, said that it has raised $35 million in its fourth round of funding from Goldman, Sachs & Co., Sierra Ventures and Motorola Ventures. NeoCarta Ventures, which led the company's second round, also contributed. The company's robotic stores are located in high traffic areas, and allow shoppers to select products through a touch screen graphic interface. They can pay for items with a credit or debit card and receive them from a robotic arm. All of Zoom's stores are networked and centrally monitored. Over the next two years, Zoom said that it plans to implement several thousand of the units at airports, hotels, malls and retail stores.

Report: Private Equity Firms in Talks to Acquire Radio Giant Clear Channel

Authored by Mark Hefflinger on October 26, 2006 - 2:07pm.
San Antonio, Texas - Clear Channel Communications, which owns 1,200 radio stations, 40 TV stations and an outdoor advertising business, has retained Goldman Sachs to consider strategic alternatives, which analysts say include a possible sale to take the company private.