Advertisement  Articles for 11/15/2012 - King.com, the Second-Largest Social Games Maker, Jumps Into Advertising
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| Andreessen Horowitz Distributes Facebook-Instagram Shares, But Holds Bulk of Direct Investment | | Kara Swisher | | Nov 14, 2012 02:30 pm | | | According to a new filing to the Securities and Exchange Commission, high-profile Silicon Valley venture firm Andreessen Horowitz has sold just over 4.6 million shares of Facebook that it got from the sale of its investment in photo-sharing site Instagram. And, as had been previously reported, Marc Andreessen, who is a Facebook director, is also unloading a small amount of stock to cover his personal tax liabilities. In addition, one of the limited partners of Andreessen Horowitz also asked for a distribution of the firm's direct investment. The firm continues to hold close to 3.9 million shares of Facebook, whose stock has taken a beating since it went public earlier this year. That's due to a number of reasons, including the end of lock-up periods of a huge number of Facebook employee shares that are now able to come onto the market. read more » |
| New Funding Round Puts Spotify Valuation at $3 Billion | | Peter Kafka | | Nov 14, 2012 10:38 am | | | Spotify has closed its latest funding round, which values the company at around $3 billion, according to a person familiar with the transaction. The Wall Street Journal had previously reported that Goldman Sachs would lead a group of investors putting $100 million into the streaming music company. read more » |
| TaskRabbit Acquires One Jackson for Its Talent | | Tricia Duryee | | Nov 14, 2012 08:57 am | | | TaskRabbit, the marketplace for personal projects and services, has acquired One Jackson for an undisclosed sum. The five-year-old company, which recently raised $13 million, emphasized hiring the kids' clothing company's five employees as part of the deal. Among other appointments, Anne Raimondi, co-founder and CEO of One Jackson, will become chief revenue officer; Yee Lee, co-founder and CTO of One Jackson, will be the new VP of engineering. read more » |
| Facebook Shares Jump as Employee Lockups Expire | | Mike Isaac | | Nov 14, 2012 08:22 am | | | Facebook stock saw a 10 percent surge on Wednesday morning, up to a high of $22.09, as nearly 800 million employee shares became eligible for trading for the first time. It was widely expected that the stock would fall with the possibility of many employees finally being able to cash out. read more » |
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