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HP Again Extends Tender Offer for Mercury Interactive

Authored by dmw on October 16, 2006 - 1:23pm.
Palo Alto, Calif. - Palo Alto-based Hewlett-Packard said on Monday that it has again extended its tender offer for shares of Mountain View-based Mercury Interactive for two more weeks, with the offer now set to expire at midnight, October 27. As of October 13, approximately 81.5 million shares had been tendered and not withdrawn. In July, HP agreed to pay $52 a share, or about $4.5 billion, for Mercury, a provider of IT management software and services. HP is expecting the deal to increase the revenue of its HP Software business by 10%-15% in fiscal 2008.
tags: Deals | Tech | Investing | Acquisitions | HP | Tech Deals | Software | Offers | Mercury Interactive | Testing |

Garageband.com Offers New Free Sites for 250,000 Former MP3.com Artists

Authored by Mark Hefflinger on April 21, 2004 - 4:07am.
San Francisco -- Garageband.com, a site that allows bands to post their MP3s and create their own Web pages, announced on Wednesday that it has reached an agreement with Trusonic, which currently holds the mass library of digital songs once housed at MP3.com, to allow those artists to create their own pages easily on Garageband's network. Trusonic, which also distributes background music for businesses, will offer its 250,000 artists the ability to create a new home for their 1.7 million songs with a few clicks, on a site free to the public. The first three songs will be free to post, with the company charging bands $6.99 per track thereafter or $99 for unlimited uploads. "Thanks to Trusonic's ingenuity and cooperation, it's a bright day for independent music around the world," said GarageBand CEO Ali Partovi. "Now musicians can have the best of both worlds: free exposure to consumers and royalties from business users."
tags: MP3 | Offers | Garageband | Free Site |

Spoken Word Audio Distributor MediaBay Raises $4 Million in Offering

Authored by Mark Hefflinger on January 30, 2004 - 2:02am.
Cedar Knolls, N.J. -- MediaBay, a distributor of spoken-word audio content, announced that it has raised $4 million in new financing through the sale of convertible notes to institutional investors. New Jersey-based MediaBay's content libraries include over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks, which it distributes through streaming and downloadable audio, as well as in over 7,000 retail outlets. "We believe this financing will allow us to increase our marketing efforts over the next few months, which will assist us in growing our business," said MediaBay chief financial officer John F. Levy.
tags: VC | MediaBay | Offers | Word Audio |

XM Satellite Radio, Shareholders Raise $530 Million in Offering

Authored by Mark Hefflinger on January 28, 2004 - 2:20am.
Washington, DC -- Giving itself a sizable cash cushion, XM Satellite Radio, the front-running provider of satellite radio in the U.S., said on Wednesday that it has closed its $530 million public offering. The company, itself, raised $185.5 million, selling 7 million shares at $26.50 each. Current shareholders sold the remainder.
tags: VC | Satellite Radio | XM | Offers | Shareholders |

TiVo Raises $74 Million in Secondary Offering

Authored by Mark Hefflinger on January 27, 2004 - 2:29am.
San Jose, Calif. -- TiVo, a provider of digital video recorder services, announced on Tuesday that it has raised $74 million through a placement of 8 million shares with a group of institutional investors. San Jose, Calif.-based TiVo, whose technology allows viewers to pause and record live TV, said it will use the funds primarily to fund sales, marketing and customer acquisitions, and secondarily to fund research and development, capital expenditures and working capital.
tags: VC | TiVo | Offers | Secondary |

Digital Video Delivery System Firm Harmonic Prices $66.6 Million Offering

Authored by Mark Hefflinger on October 30, 2003 - 9:02am.
Sunnyvale, Calif. -- Harmonic, a provider of digital video, broadband optical networking and IP delivery systems to cable, satellite, telecom and broadcast network operators, said on Wednesday priced its $66.6 million public offering, agreeing to sell 9 million of its shares at $7.40 each. The company increased the size of the offering after originally filing to sell 7.5 million shares. The company's stock jumped 8% in Wednesday's trading.
tags: Harmonic | Digital Video | Offers |

Report: Vivendi Receives Offer for Videogames Unit

Authored by Mark Hefflinger on October 14, 2003 - 4:31am.
Paris -- According to French financial newspaper Les Echos, Vivendi Universal has received an all-cash offer of as much as 800 million euro ($932 million) for its video games unit, Vivendi Universal Games. Although the paper did not name the bidder, it reported that a "company in the games sector allied with a financial investor" had made the offer. Vivendi has been trying to sell the unit for months, but so far has rejected all offers for being below its reported asking price of $2 billion. Only last month, CEO Jean-Rene Fourtou said that the games unit was no longer even for sale. Vivendi has declined to comment on the report.
tags: Reports | Vivendi | Offers | Videogames |

Game Developer Acclaim to Raise Funds in Private Offering

Authored by Mark Hefflinger on October 2, 2003 - 5:21am.
Glen Cove, N.Y. -- Video game developer and publisher Acclaim Entertainment announced on Thursday that it expects to shortly complete a financing through the sale of its convertible subordinated promissory notes, to a limited group of private investors. Acclaim did not say how much it intends to raise through the sale, but said the proceeds will be added to the company's working capital and used for general corporate purposes. New York-based Acclaim this week also announced the repayment of a $5 million loan from its lender GMAC.
tags: Funds | Game Developer | Offers | Acclaim |

Yahoo to Beef Up Premium Services, Broadband Offerings

Authored by Mark Hefflinger on February 14, 2003 - 3:06am.
Sunnyvale, Calif. -- Yahoo will look to flush out revenue wherever possible this year under a new growth plan, Dow Jones reported on Wednesday. The plan revolves around expanding the company's premium services, giving users, especially those with broadband access, the option of paying to use more complete versions of services that Yahoo offers at no charge. The company is expecting subscriber growth this year of 50-90 percent, with a 60 percent jump in cash-flow earnings. Yahoo also plans to expand its broadband access offerings through distribution agreements in the U.S.
tags: Broadband | Yahoo | Offers | Premium Services |