The latest from TechCrunch
- Take-Two Interactive Software CEO Ben Feder To Step Down
- AOL Sells Buildings, Land To CB Richard Ellis Realty Trust For $144.5 Million In Cash
- Yahoo Embedding Groupon Code In Global Distribution Deal
- Cloud Computing Startup Nomadesk Raises $7 Million To Support US Expansion
| Take-Two Interactive Software CEO Ben Feder To Step Down | Top |
| News just got out about a serious management transition over at Take-Two Interactive Software , the major US-based publisher, developer, and distributor of video games and video game peripherals. Chief exec Ben Feder has decided to step down, effective January 1, 2011, in order to pursue plans to travel in Asia with his family for an extended period. Strauss Zelnick, Take-Two's Executive Chairman, will take on the additional role of Chief Executive Officer. Karl Slatoff, an EVP of Take-Two since 2008, has been named to the newly created role of COO. Slatoff previously worked with BMG Entertainment and The Walt Disney Company. The news comes after the company earlier this week announced that it is changing its fiscal year to end March 31 instead of Oct. 31 to align its financial reporting more closely with the seasonality of its business. Take-Two’s headquarters are in New York City, with international headquarters in Windsor, United Kingdom. Development studio locations include San Diego, Vancouver, Toronto and Austin, Texas. Take-Two, which wholly owns 2K Games and Rockstar Games, has developed and published many notable games, including the Grand Theft Auto series, the Serious Sam shooter series, the Midnight Club racing series and BioShock. The company was the target of hostile takeover bids from rival Electronic Arts issued in February 2008. The multi-billion dollar bid expired August 18, 2008. CrunchBase Information Take-Two Interactive Software Information provided by CrunchBase | |
| AOL Sells Buildings, Land To CB Richard Ellis Realty Trust For $144.5 Million In Cash | Top |
| AOL , our new owner, this morning announced that it has entered into an agreement for the sale of four office buildings it says it no longer utilizes, in addition to two undeveloped parcels of land on the East side of its Dulles campus. The buyer is CB Richard Ellis Realty Trust , who’s taking over AOL’s corporate park for $144.5 million in cash. AOL says this means it has approximately $750 million of cash on hand as of October 29. The deal is expected to close by mid-November and is subject to customary closing conditions. In a statement, AOL EVP and Chief Financial and Administrative Officer Artie Minson says the company had already moved its Dulles workforce to one side of the campus, making the rest of the property effectively a “non-core asset”. He adds: “With a long-term lease in place it made sense for us to pursue a sale to realize maximum value of these assets and add significant cash to our balance sheet." The combined total office space CB Richard Ellis is buying is approximately 700,000 rentable square feet in the four buildings and is known as Pacific Corporate Park. The two parcels of undeveloped land total approximately 22 acres. AOL, which originally purchased the land located on the East side of its campus back in 1996, had vacated the office buildings by early 2010. AOL continues to have over 1,800 full-time employees on its Dulles campus in three office buildings. AOL also maintains two data centers in Virginia — one on its Dulles campus and one in Manassas. (Disclosure: TechCrunch was acquired by AOL back a few weeks ago. We didn’t, however, have prior knowledge to this deal.) CrunchBase Information AOL Information provided by CrunchBase | |
| Yahoo Embedding Groupon Code In Global Distribution Deal | Top |
| Groupon is accelerating pretty fast. It’s signed a partnership deal with eBay recently and there continue to be rumours of a Yahoo acquisition . However, just as Mike Arrington confirmed in the above analysis piece, we’ve heard today that Yahoo is in the process of implementing a global distribution deal with Groupon, not an acquisition. | |
| Cloud Computing Startup Nomadesk Raises $7 Million To Support US Expansion | Top |
| Nomadesk , formerly known as Aventiv, offers one of the most elegant cloud-based data sharing, synchronization and storage solutions on the market, and you’ve probably never even heard of it. Perhaps this will change in the near future, as the Belgian company has just raised $7 million in Series B financing to support its plans for expansion in North America. The capital injection comes from previous backer GIMV and a new investor, BAMS Angel Fund . To bring its solutions to market, Nomadesk partners with operators and OEMs, and it’s precisely that indirect business that it aims to accelerate using the new funds. The company already boasts agreements with leading ISPs and hosting companies in Belgium, namely Telenet and Hostbasket, but has also struck partnerships with US-based Novatel Wireless and Canada's Bell . With the new funds, Nomadesk intends to expand its international presence as its pipeline for new partners in North America and other parts of the world is filling up nicely, according to the company. Nomadesk, for the first time to my knowledge, also publicly disclosed who sits on its board of directors. Apart from management and investor representatives, the board includes people like Yves Michali (formerly at Novell, Microsoft, Mobiclick and Groove Networks) and Yvan Morel de Westgaver (previously an executive at EDS and now an active private equity investor). Nomadesk has now raised more than $10 million in venture capital. CrunchBase Information Nomadesk Information provided by CrunchBase | |
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