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Jimmy Choo For Sale???

Filed under: Business BlitzJimmy ChooLVMH

tamara-mellon-and-jimmy-choo-announce-first-fragrance__opt.jpg

There are numerous reports circulating that Jimmy Choo is up for sale.

The shoe company's private equity firm Towerbrook is said to have hired Goldman Sachs Group Inc. and Morgan Stanley to broker the $804 million deal.

Not surprisingly, LVMH is at the top of the list to snatch up the company.

[Image via Adrianna M Barraza/WENN.]

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Is Facebook Worth A Trillion Dollars?!

Filed under: Business Blitz

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Some people sure seem to think so!

Even though Goldman Sachs clients are purchasing $1.5 billion worth of Facebook stock at a $50 billion valuation,
Wedbush analyst Lou Kerner said that if Facebook were a public company, it would be valued closer to $100 billion.

And on the secondary markets, investors are buying Facebook stock higher than $124 billion.

But that is nothing compared to the numbers Facebook is throwing around!

Two industry sources close to top Facebook execs said that when the company hires you, you're told that the goal is to turn Facebook into the world's first trillion dollar company!!!

Unreal. We have no clue how they are gonna do it, but it will sure be fun to watch.

Lots of luck!

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Sketchy, Sketchy Facebook!

Filed under: Icky Icky PooBusiness Blitz

facebook sketchiness

It's complicated between The Securities and Exchange Commission (SEC) and Facebook.

According to reports, the SEC is reviewing whether or not Facebook is going against financial disclosure laws, following their sketchy $500 million investment deal with Goldman Sachs and Russian investor Digital Sky Technologies.

The SEC will make a decision as to whether they need to create new disclosure rules for private firms such as Facebook.

New Yorker investment writer John Cassidy is concerned because he believes that Goldman Sachs and Facebook are trying to avoid having to publicly report their financials by raising $1.5 billion from multiple investors, but treating them as one.

Given the fact that companies with more than 500 investors must publicly report their financials, Goldman and Facebook seem to have found a loophole, which will allow them to keep secrets from the public.

SO sketch!

Thoughts???

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Facebook Is Worth $50 Billion!

Filed under: Tech TalkBusiness Blitz

facebook valued at 50 billion dollars

We've gotta admit, this is pretty impressive given the fact that Facebook pages are completely free to create.

Facebook has raised $500 million from Goldman Sachs and Russian investor Digital Sky Technologies, in a deal which values Mark Zuckerberg's social networking site at $50 billion.

Congratulations, Facebook!

…Just don't start charging for membership. As long as U promise not to do that, we'll continue to be happy for you, bbs!

P.S. CLICK HERE to "like" us on Facebook!

And CLICK HERE to "follow" Perez on Twitter!

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Watch Out, Other PCs! Apple Is Taking Over!

Filed under: Tech TalkBusiness Blitz

ipads help apple dominate the pc market

Apple loves you, iPad. Oh yes they do!

According to Goldman Sachs' Bill Shope, impressive iPad sales could make Apple "one of the largest vendors in the global personal computing market."

Here's more from Shope on Apple's progress in the PC market:

“Apple’s share of the PC market has been below 5 percent for most of the past 15 years, and even with the much-hyped 'iPod halo effect,' this level hasn’t changed in recent years. With the iPad, however, Apple is now offering a unique computing device that is priced for the mass market.

In fact, our Apple forecast assumes that the iPad segment will surpass Apple’s Mac business in revenues and profits by the end of fiscal 2011–the first full year of iPad shipments….If we include tablets in our PC unit forecast, then our estimates suggest Apple’s combined iPad and Mac market share would reach 12 percent in 2011.

Based on the current market share breakdown in the PC market, this could presumably make Apple one of the largest vendors in the combined PC and tablet market.

Exciting times for Apple! Sounds like competitors better bring their A-Game in 2011 but we don't think it will help too much.

Team Apple!!!!

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