Daily Archives: March 20, 2012

Groupon launches scheduler

Business_180_normal.jpgL.A. Times Biz News (@LATimesbiz)
3/20/12 9:16 AM
Groupon launches Scheduler, online booking tool for businesses lat.ms/GDiyea

Yahoo video viewership has increased

mashable_video_avatar_normal.pngMashable Video (@mashablevideo)
3/20/12 8:59 AM
Yahoo Video Sees Viewership Boost, Edges Out Vevo – on.mash.to/GCdTwf via @tubefilter

Social Media is a Small Business Tool

SMT_profile_normal.pngSocial Media Today (@socialmedia2day)
3/20/12 8:58 AM
Find out how you can use social media as a small business tool on the webinar TODAY: bit.ly/vhIo76

Apple lost design edge?

CNET-Twitter_normal.pngCNET (@CNET)
3/20/12 8:45 AM
Has Apple lost its design edge? cnet.co/GAHgP3

New York Times cutting free articles

THE_new-twitter-avatar-working_normal.jpgThe Next Web (@TheNextWeb)
3/20/12 8:41 AM
As The New York Times nears half-a-million subscribers, it cuts free articles to 10 per month tnw.to/1DjCs by @TGW_Paul

Pay per click advertising…

SMT_profile_normal.pngSocial Media Today (@socialmedia2day)
3/20/12 8:32 AM
The Death of Pay Per Click Advertising (PPC) by @sookieshuen ow.ly/1ibg91

Heat issues with the iPad?

mashable_tech_gadgets_avatar_normal.pngMashable Tech (@mashabletech)
3/20/12 8:30 AM
Today’s Top Stories: iPad Heat Issues, Windows 8 Coming in October? – on.mash.to/GACQFQ

Improve your vacation…

mashable_social_media_avatar_normal.pngMashable SocialMedia (@mashsocialmedia)
3/20/12 8:19 AM
6 Ways to Improve Your Vacation Using Social Media – on.mash.to/GAAYNd

Protect your Brand….

THE_new-twitter-avatar-working_normal.jpgThe Next Web (@TheNextWeb)
3/20/12 8:05 AM
You’ve started a business, but is your brand protected? tnw.to/1DjC1 by @CorpNetNellie

Spring is coming…

mashable_tech_gadgets_avatar_normal.pngMashable Tech (@mashabletech)
3/20/12 7:27 AM
Google Doodle Celebrates the Coming of Spring – on.mash.to/GATwjI

Style tips for Wall Street Interns…

BI-icon-twitter2_normal.pngBusiness Insider (@businessinsider)
3/20/12 8:48 AM
PRESENTING: The 15 Style Tips Every Wall Street Intern Needs To Know read.bi/GCqHTv

CVC Said to Hire Goldman to Explore IPO of Formula One Business

CVC Said to Hire Goldman to Explore IPO of Formula One Business

CVC Capital Partners hired Goldman Sachs Group Inc. (GS) to explore a possible sale of a stake in Formula One in an initial public offering, said a person with knowledge of the matter.

Any deal to sell part of CVC’s holding may value the motor- racing sport at more than $10 billion and Singapore is a possible listing venue, the person said, declining to be identified as the deliberations are private.

Formula One’s Chief Executive Officer Bernie Ecclestone said in November the company should seek a listing in Singapore because of Asia’s growing interest in the sport, the Sunday Telegraph reported at the time. Ecclestone said CVC, the U.K. private equity firm, would be better off exiting the business via an IPO in Singapore rather than selling it, according to the Telegraph.

Sky News reported yesterday that CVC had hired Goldman Sachs to study a placement of part of its stake in Formula One. Executives at CVC in Hong Kong didn’t immediately respond to phone calls seeking comment on the possible IPO. Edward Naylor, a spokesman for Goldman Sachs in Hong Kong, declined to comment.

CVC bought majority control of Formula One in March 2006, according to the private equity firm’s website. F-1 has turnover of 1.17 billion euros ($1.55 billion) and employs 200 people, the website shows.

To contact the reporters on this story: Joyce Koh in Singapore at jkoh38; Elffie Chew in Kuala Lumpur at echew16

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser