Supermarket magnate, billionaire, Bill Clinton pal, Pittsburgh Penguins co-owner, powerhouse Democratic donor, and Page Six extortion victim Ron Burkle is back in the hip Manhattan culture rag business, and his partner-in-crime is Magic. Literally. Read More
The Albanese Organization is closing in on a development site next to the High Line that rapper Jay-Z had owned and lost during the downturn.
The company, a real estate development and acquisition firm, could shell out nearly $60 million for the site according to sources familiar with the parcel, which sits next to the Read More
Africa Israel USA, the controversial owner and operator of commercial properties across the United States, has entered into a contract to sell 5 Madison Avenue to an undisclosed investor for $165 million. Read More
A certain amount of grumbling is par for the course in the media business these days–an ambient hum so pervasive you almost forget it’s there. But that disconsolate keening seems to have reached a new pitch with AOL’s staggering $315 million purchase of the Huffington Post, an aggregation-loving site that, in the words of one Web Read More
A forward-looking item over at The New York Times‘ DealBook today asks: Which companies could, possibly, follow The Huffington Post into the arms of some deep-pocketed acquirer?
The Times mentions a few potential candidates for hypothetical buyouts: Gawker Media, Glam Media and Business Insider.
To find out whether there was any substance behind buyout Read More
Following the news of Aol’s $315 million acquisition of the Huffington Post, we thought it’d be interesting to see what early tech investors might’ve profited handsomely from Tim Armstrong’s largesse. Albert Wenger of Union Square Ventures got us thinking about this:
This is clearly a good deal for Arianna Huffington who I am Read More
New York-based Tremor Media, which provides in-stream video advertising services to clients, is buying up mobile ad firm Transpera, TechCrunch reports.
Transpera, which is headquartered in San Francisco but has offices in New York’s TechSpace, has raised $17.3 million from Flybridge Partners, First Round Capital, Intel Capital and others.
The deal allows Tremor to Read More
KickApps, a New York-based company that facilitates social media outreach, has been purchased by KIT Digital, a web video company. KIT also bought European video service provider Kewego and West Coast video platform Kyte, according to TechCrunch.
A couple of high-ups at KickApps will now be assuming major roles at KIT. CEO Alex Blum Read More
Nothing says “rock and roll” like an awesome social-media presence. With that in mind, Fanbridge — a company that creates a “bridge” between “fans” and artists, if you will — has closed a deal to buy Damntheradio — a company that facilitates artist audience growth on Facebook, the radio be damned (if you will). TechCrunch Read More
Faced with ramped-up capital requirements, Morgan Stanley may elect to peck at Smith Barney over a long stretch of time rather than gobble the brokerage all at once, according to The Wall Street Journal.
The thinking goes that a deal for Morgan Stanley to buy the remaining 49 percent of Smith Barney it doesn’t Read More
