Digital Trends
The Securities and Exchange Commission gave the final go-ahead for the IPO Wednesday afternoon, and the stock was expected to begin trading today. As of this writing, the stock does not appear to be trading yet.
On Wednesday, Google slashed its planned IPO by nearly half, cutting the expected price to $85 to $95 a share from its original range of $108 to $135 a share. It later confirmed its initial going-public price would be $85 a share.
Read more at CNN Money.
A regulatory filing by publisher Atari has revealed that the company has ended its relationship with Munch’s Oddysee developer Oddworld Inhabitants, handing its 50 per cent share in the company back in return for a chunk of publishing royalties.
In fact, this transaction – which brings to an end a partnership between Atari and Oddworld Inhabitants which began when Infogrames, as then was, took a 50 per cent stake in the developer for $7.1 million back in 1996 – took place at the end of last year, but has only just been revealed through the filing of a document with the American Securities and Exchange Commission.
Such a scenario is bolstered by reports that Redstone, in a filing with the Securities and Exchange Commission today, said he has hired a financial advisor to evaluate options should he increase his interest in the publisher to 80 percent of its common stock from its current 72.4 percent level.” Also, Interplay reopens, Titus declares bankruptcy on GameSpot has more on the ups and downs for Interplay and parent Titus, a pair of companies founded in part by Herve Caen.
Read more at Blues News
Although the Securities and Exchange Commission (SEC) never officially makes public when it investigates an organization, an SEC staff member told NewsForge that complaints and tips about suspected under-the-table funding, stock-kiting, illegal insider trading, and money-laundering involving Microsoft or Microsoft-connected individuals to the financially struggling SCO Group have been coming into the agency with regularity since last August. The SEC “does not take such complaints lightly,” the source said.
Read the full article at NewsForge.
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