Looking to gain a foothold in Mexico, AT&T, the second largest wireless provider in the United States after Verizon Wireless, has agreed to buy the country’s third largest wireless company, Iusacell, for $2.5 billion.
GoPro to Offer an Additional $800 Million in Shares
In a securities filing on Monday, GoPro disclosed that it would sell up to $800 million of its stock in a secondary offering. The company itself could sell as many as $100 million in shares, while current owners could sell off an additional $700 million.
Luxembourg has become a Tax Haven for International Companies
Recent documents published by the International Consortium of Investigative Journalists (“ICIJ”) indicate that some 340-plus international companies, including such household names as Pepsi, IKEA, and FedEx, have been channeling profits through Luxembourg in order to avoid billions of dollars in taxes.
Silicon Valley Juggernauts Continue to Struggle with No-Poaching Claims
Microsoft and Redwood City-based company Oracle, a database and software developer, are the latest Silicon Valley tech companies to be sued for allegedly using illegal tactics to keep employee wages low. Complainants are attempting to join with a similar 2011 claim against other Silicon Valley companies like Apple and Google.
Recap: A Conversation with Sean McKessy, Chief of the SEC Whistleblower Office
On November 5, 2014, the Berkeley Center for Law, Business and the Economy (BCLBE) welcomed Sean McKessy, Chief of the SEC’s Office of the Whistleblower, to Boalt Hall for a talk on the whistleblower program and its three main aspects: confidentiality, anti-retaliation protection and payouts.
Recap: Perspectives on Venture Capital Finance—A Conversation with Bob Gunderson
On November 3, the Berkeley Center for Law, Business and the Economy (BCBLE) hosted a lunchtime talk with Bob Gunderson, a founding partner of Gunderson Dettmer. Mr. Gunderson discussed his firm’s origins, shared his unique perspective on venture capital finance, and offered advice for young attorneys and entrepreneurs.
Bittersweet Results Shared After European Central Bank Stress Tests
The European stock market surged after stress tests revealed on October 26th that most European banks are healthy, where all but 13 of its leading banks have enough capital to survive another economic storm.
Chiquita’s Shareholders Reject Tax-Inversion Deal
Although it may face a multimillion-dollar termination fee, Chiquita Brands International, the world’s leading distributor of bananas finally announced on October 24, 2014 that its shareholders rejected its merger with Fyffes, an Irish produce distributor. Instead, its Board of Directors expressed its preference for the bid of a Brazilian consortium made up of the Cutrale Group, a Brazilian wholesale orange juice producer, and the Safra Group, a holding company in Brazil.
Brazil’s First IPO for 2014 to Break Capital Market Stagnation?
Brazil has been recognized for its rabidly growing economy in recent years. Thanks to its head-turning growth rate, the “B” of the “BRIC” countries is now one of the most noted characters.
Alliance Between Apple and Alibaba May Cause a Stir
Jack Ma, executive chairman and co-founder of Alibaba Group Holding Ltd., made some noise at a Wall Street Journal Live technology conference last week, where he alluded to a possible tie-up between his Alipay payments service and Apple Pay.