Facebook has announced that it will be selling an extra 50.6 million shares, at a price likely to fall between $34 and $38 per share, reports TechCrunch. That should snag them at least another $13.1 billion—and probably push their final valuation north of the expected $100 billion.
Apple's "fifth Beatle," Ron Wayne, sold his 10% stake in the company two weeks after it was founded to avoid pushing paper and startup risks. That $35 billion would have been a lot of paper, Ron. I would have pushed.
While speaking at the Mobile World Conference today Nokia CEO Stephen Elop was forced to defend himself against a rather pointed cat-caller who had asked, via some post press conference yelling, "Are you a Trojan Horse?"
Blockbuster has offered $6 minimum per share to buy out Circuit City, with the intention of creating a $18 billion global retail enterprise. You can almost see the point of mixing media and device retail, but is this actually a good move for two companies facing a not-so-bright future? Read more in the Blockbuster…