Harman Takes Kohlberg & Goldman Investment – Slaughterhouse A Year Away
Although Kohlberg Kravis Roberts & Co. and Goldman Sachs Group buyout of Harman was called off without notice, the two affiliates have now entered into an investment agreement with the jilted bride. The terms of the new agreement include the following nails in the coffin: • KKR and GSCP will purchase $400 million of 1.25 percent senior notes convertible under certain circumstances into Harman common stock, convertible at a...
British & Dutch Authorities Shutter OiNK – Members Only File Sharing Network
After a two-year investigation, British and Dutch police shut down OiNK, a member’s only file-sharing site thatt specialized in pre-release albums. An estimated 180,000 members paid a membership donation via debit or credit cards for OiNK’s catalog of music and other media. Prerelease leaks have become one of the most damaging forms of piracy for the music industry, which relies on marketing hype to create demand for new...
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