Borders says it has deal to sell
Borders Group Inc. says it has agreed to sell itself to private investment firm Najafi Cos. for $215 million and is seeking court approval for the agreement.
Najafi Cos., which owns the Book-of-the-Month Club, will also assume $220 million in debt.
The agreement is tentative and is what is known as a “stalking horse” bid for a company under bankruptcy protection.
The bid will open an auction for the company and its assets, so a higher bid is possible.
Google+ halts invites
Google+ users were quietly given the ability to invite friends into the new social network this week, but that option lasted only a few hours because of overwhelming demand.
Vic Gundotra, who is overseeing Google's social networking efforts, said in a Google+ post that the invite feature was shut down because of “insane demand.”
Gundotra didn't say when invites might return.
Twitter draws FTC interest
The U.S. Federal Trade Commission has begun contacting software makers as part of a preliminary inquiry into whether Twitter Inc.'s business practices harm competition, two people familiar with the matter said.
The FTC is responding to complaints that Twitter is making it harder for some software developers to design applications that run in concert with the company's service, said one of the people.
GoDaddy sold for $2.25 billion
The parent company of GoDaddy.com, a top registrar of Internet domain names, has been sold to a group of private investment firms for $2.25 billion, a person familiar with the transaction said.
Go Daddy Group Inc.'s sale to KKR, Silver Lake and Technology Crossover Ventures comes as the company expects to top $1.1 billion in revenue this year.
— From wire reports
Copyright ©2012 Omaha World-Herald®. All rights reserved. This material may not be published, broadcast, rewritten, displayed or redistributed for any purpose without permission from the Omaha World-Herald.
