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New York Corporate Law Blog

Yahoo plans acquisition of New York City-based Tumblr

On behalf of Gottbetter & Partners, LLP posted in Mergers and Acquisitions on Wednesday, May 22, 2013.

On May 20, Yahoo announced that it would purchase the popular blogging service Tumblr for $1.1 billion in cash. This would be the largest social media acquisition in recent history. The companies had been in serious talks for just days when Yahoo's board of directors approved the deal.

Tumblr's 26-year-old CEO David Karp is expected to reap almost $250 million from the acquisition. It is unknown whether he and Tumblr's 175 employees will remain with the company, and what will happen to their New York City headquarters. However, many of Yahoo's CEO Marissa Mayer's smaller acquisitions have helped shore up Yahoo's base of engineering experts by adding talent to revamp and broaden its product line and mobile services.

Yahoo to acquire Tumblr for $1.1 billion

On behalf of Gottbetter & Partners, LLP posted in Mergers and Acquisitions on Wednesday, May 22, 2013.

As New York residents might have heard, Yahoo announced Monday that it plans to buy microblogging platform Tumblr for $1.1 billion.

News of the acquisition was met with some positivity, but also some head-scratching and, from Tumblr users in particular, some outright negativity.

How has Facebook fared in its first year as a public company?

On behalf of Gottbetter & Partners, LLP posted in Business Formation and Planning on Friday, May 17, 2013.

It has now been a year since Facebook had its initial public offering. New York readers will remember that the company made a glittering, fizzy debut and then suddenly crashed hours later, disappointing many investors and analysts.

So, what has happened in the year since that rocky start?

In planning stage, businesses must consider trade secrets

On behalf of Gottbetter & Partners, LLP posted in Business Formation and Planning on Wednesday, May 15, 2013.

When we meet with clients who are forming their own business, we encourage them to be very circumspect. If you can develop and apply foresight when you are launching your own company, it can make the future much easier.

One oft-neglected business formation and planning element that we see among some of our New York clients is a consideration of trade secret protection.

With IPO, will Coty experience the sweet smell of success?

On behalf of Gottbetter & Partners, LLP posted in Corporate Law on Wednesday, May 8, 2013.

New York City residents may not know the name Coty, but without a doubt, they know its products. Coty make some of the world's most famous fragrances, including the perfumes sold by Jennifer Lopez and Beyonce.

On Tuesday, Coty announced that it was seeking to raise about $700 million in its impending initial public offering.

Best Buy says 'au revoir' to European partnership

On behalf of Gottbetter & Partners, LLP posted in Mergers and Acquisitions on Thursday, May 2, 2013.

What happens when a merger or acquisition does not go quite as well as planned?

As we often tell our New York audience, mergers and acquisitions that go off well can be quite a coups for businesses. That being said, not every merger or acquisition goes well. For example, take the case of Best Buy and the European electronics chain Carphone Warehouse.

As crowdfunding booms, regulators take a closer look

On behalf of Gottbetter & Partners, LLP posted in Regulatory Compliance on Tuesday, April 30, 2013.

Lots of New York residents have heard about "crowdfunding," the term for collecting small amounts of money from a large network of investors. Typically, it is a substitute for taking out a large loan from one institution.

Crowdfunding is very popular among small businesses and artistic endeavors these days, and that popularity has attracted the attention of regulatory agencies, which have been eyeing the growing crowdfunding industry with a healthy amount of suspicion.

Criticism of SEC whistleblower program increases in volume

On behalf of Gottbetter & Partners, LLP posted in Regulatory Compliance on Saturday, April 27, 2013.

In previous posts, we have told New York readers about the Securities and Exchange Commission's whistleblower program. Now, less than two years into its existence, it seems that criticism of this program is increasing in volume.

To greatly simplify the SEC's whistleblower initiative, if a person reports misconduct at a company, he or she may receive a financial award. If he or she contributed at some point to that misconduct, he or she may receive a lighter punishment in exchange for the assistance he or she provided to regulators.

Georgia-Pacific acquires Buckeye Technologies for $1.5 billion

On behalf of Gottbetter & Partners, LLP posted in Mergers & Acquisitions on Thursday, April 25, 2013.

Georgia-Pacific announced Wednesday that it will acquire Buckeye Technologies in a stock deal worth approximately $1.5 billion. Those names may not be familiar to the average New York resident, since they don't have many consumer-facing offerings, but they're very large companies. Atlanta-based Georgia-Pacific is one the largest U.S. lumber and paper companies, and Memphis-based Buckeye Technologies makes fibers and materials from wood and cotton. It has offices in China, France, Switzerland, Germany and Italy.