TC Roundup: RadiumOne founder Gurbaksh Chahal wants company to sell and not IPO
RadiumOne founder Gurbaksh Chahal wants company to sell and not IPO: Gurbaksh Chahal, the founder and former CEO and director of RadiumOne, wants its new management to sell the company rather than aim for an IPO — and he's making efforts to do so himself (Re/code).
Facebook hires Satellite executive from Google: An executive working on Google efforts to deliver Internet service via satellite has jumped to a similar role at Facebook, underscoring the social network's efforts in the area and the competition between the two Internet giants (The Wall Street Journal).
Alibaba worried about Facebook IPO as considered Nasdaq versus NYSE: Alibaba Group Holding Ltd could have sold nearly $2 billion worth of stock without lifting a finger. All it had to do was list its shares on Nasdaq. That listing would have guaranteed Alibaba inclusion in theNasdaq 100 Index by the end of the year, and funds which track the index would have had to buy. (Reuters)