Posts Tagged ‘private equity’
Some activists must have been heard, California's Attorney General has delayed the transaction wherein a private equity firm is buying the .ORG tld, seeking more information.
Mashable:
California Attorney General Xavier Becerra sent a letter to the Internet Corporation for Assigned Names and Numbers (ICANN) demanding more information about the private equity takeover of the ...
The disgraceful, shady plan to sell control over the .ORG domains to a private equity fund controlled by Republican billionaires is on the ropes, with tens of thousands of people and thousands of .org registrants having signed a petition calling for a halt to the deal. This Friday, we're converging on the ICANN ...
[The selloff of the .ORG domain name registry to a private equity fund is fractally terrible, but it's in danger, thanks to public outcry. My EFF colleague Mitch Stoltz lays out the grotesque contours of the deal and its many deficiencies in this comprehensive overview. -Cory]
Over 21,000 people, 660 organizations, and now six Members ...
Late last year, the nonprofit Internet Society abruptly announced a deal to sell control over the Public Interest Registry (which manages all .ORG domain registrations) to Ethos, a newly created private equity fund capitalized by three politically connected families of Republican billionaires. Under the deal, ISOC would get $1.135B to spend on various projects, and ...
Emily Stewart's private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire -- all while enjoying special tax status on your gains.
It's ...
KKR is one of the largest private equity funds in the world. Overdrive is one of the largest e-lending suppliers to the world's libraries, supplying 43,000 libraries in 75 countries.
Now, KKR owns Overdrive, having purchased it for an undisclosed sum. Private equity firms' business model is to buy profitable, productive companies, load them ...
In his latest BIG newsletter, Matt Stoller (previously) relates the key moments in the history of private equity, from its roots in the notorious "leveraged buyouts" of the 1980s, and explains exactly how the PE con works: successful, productive business are acquired through debt financing, drained of their cash and assets, and then killed, ...
Here's what's happened: first, ICANN (the legendarily opaque US corporation that runs the internet's Domain Name System) approved a change in pricing for .ORG domains, run by the nonprofit Internet Society (ISOC) through its Public Interest Registry (PIR), allowing the registry to raise prices. The change was done entirely by staff, without board approval.
Next, several ...
Taylor Swift has been embroiled in a terrible dispute with Scooter Braun, who acquired Swift's former label for $300m, delivering him control over Swift's first six albums. Swift says that Braun had bullied and tormented her for years, and that the owner of her original label, Scott Borchetta, had sold the label to him ...
[The sale of the .ORG top-level domain to a private equity fund run by a bunch of Republican billionaires is a corrupt, revolting **********. Here, my EFF colleague Mitch Stoltz does an excellent job of explaining what's at stake and how you can take action. -Cory]
The .ORG top-level domain and all of the nonprofit ...