DirecTV (DTV) CEO Michael White announced the company’s plans to launch a new online TV service to cater to Hispanic customers particularly. The announcement was made at the Goldman Sachs Communacopia Conference.
QVentures, a members-only investment club, will allow wealthy private investors, entrepreneurs and venture capital firms to team up to invest in promising start-ups.
The combined investing power of seasoned investors such as legendary music producer Harvey Goldsmith, Moonpig founder Nick Jenkins and Quintessentially co-founder Aaron Simpson will allow small companies to raise far more than they would through traditional angel networks.
Yahoo! Inc. (YHOO)’s latest acquisition target is an online-video service called News Distribution Network Inc. (NDN) according to a Wall Street Journal report. The report claims that Yahoo is expected to pay $300 million for the acquisition, which will be the company’s second biggest to date after Tumblr, for which it paid $1.1 billion.
TPG Capital has signed a nondisclosure agreement with Yahoo, becoming one of the first private equity firms to begin formal due diligence on the Internet company as it weighs a sale of some or all of itself.