After federal lawmakers concluded that Affinion Group preyed on the public, the post-transaction marketer is now asking the public to become an investor. Last month, Stamford, Conn.,-based Affinion filed for an initial public offering.
Affinion said in documents filed with the Securities and Exchange Commission that it is seeking to raise $400 million. According to The Wall Street Journal, Affinion has yet to set a price range or date for its IPO.
Deutsche Telekom is looking into an initial public offering that could lead to spinning off T-Mobile USA, according to a report in The Wall Street Journal Thursday afternoon.
The newspaper reported that the German phone company has held talks with banks about underwriting the IPO. Unnamed sources in the story said the proceeds from the offer could be used to spin off the wireless carrier or fund its expansion in the U.S. market. The company is expected to decide over the next couple of months if it will have an IPO and how it would spend the cash.
Deutsche … Read more
ShowTheOffer helps you discover money-saving vouchers, coupons, and discounts on any Web site that offers them. While this program is not without its flaws, it could help you keep money in the bank.
ShowTheOffer's interface is a mixed bag, in our opinion. While it embedded itself neatly into our toolbar and was easy to navigate, its online Help file is more of a commercial than an instructional. Fortunately, the program is simple enough to use with common sense; in fact, ShowTheOffer requires almost no effort to use. While you surf online, a pop-up window appears whenever the program detects … Read more
The industry P.R. frenzy over scams in ads and offers on social networks goes on: Facebook announced on Thursday evening in a post on its developer blog that since it updated its developer platform terms of service this summer, it has disabled two ad networks that it says were running deceptive advertisements.
This comes in the wake of allegations that some companies that power offer- and survey-related moneymaking operations for social-gaming applications on platforms like Facebook's have effectively been scamming users into paying for services without disclosing those costs. One of them, Offerpal Media, has been particularly visible in the crosshairs.… Read more
It looks like the brouhaha surrounding social-app moneymaker Offerpal Media is bigger than founder Anu Shukla's "sh*t, double sh*t, and bullsh*t" response to the accusation that its business is built on scamming consumers. It's got upcoming developments in two lawsuits, one in which it's the plaintiff and one in which Shukla is a defendant.
VentureBeat's Dean Takahashi reported Thursday that a lawsuit was filed in an Alameda County, Calif., superior court against Shukla and co-founder Michael Liu on behalf of Kevin Halpern, who alleges that he helped found the company and … Read more
In the wake of a firestorm over just how much of social-gaming companies' profits can be attributed to potentially scammy offers and incentives, News Corp.'s MySpace has taken a stand (and, it could be said, taken advantage of the PR opportunity) by coming out vocally against them.
Several young companies anticipate initial public offerings this week, but there's not a single high-tech outfit among them.
There's one green-tech company however. Changing World Technologies, a company that converts waste into oil, is one of four IPOs poised to hit Wall Street this week. Changing World is scheduled to price its IPO as early as Wednesday and could raise as much as $42 million, if it prices on the high end of its $11 to $15 per share range.
Nonetheless, while the four Wall Street prospects offer some excitement to their investors, there's little reason to … Read more
Update at 3:08 p.m. PDT, with Carl Icahn's appointment to the board and closing stock price.
The results are in on the re-election of Yahoo's directors, and the damage is not as bad as last year. No one received more than a 22.1 percent withhold vote, compared with a substantially higher 34 percent last year, according to the company.
Shareholders withhold votes to re-elect directors as a means to send a message of investor dissatisfaction to a company and its board.
Here's how each director stacked up on their re-election:
Roy Bostock, chairman, a … Read more
Update 7:59 a.m. PDT: Added link to Carl Icahn's blog about his thoughts on the Yahoo shareholder meeting.
Believe in deja vu? Yahoo shareholders may when they file into the company's annual shareholders meeting on Friday.
Last year, an angry mob of investors took Yahoo CEO Terry Semel to task at the annual shareholders meeting, citing the company's lackluster performance and lucrative compensation awards. A week later, Semel resigned from his executive post, passing the baton to company co-founder Jerry Yang.
Fast-forward a year later and the situation is expected to be markedly similar. When … Read more