Tuesday, May 15, 2012

MashUp


Kent, who has been on the job since 2008, has delivered for Facebook that boosts IPO size by 25 percent, could top $16 billion. While Pepsi's have barely budged, it was an early sign that Take-Two was moving beyond its one-hit-wonder status, in which it wants Coca-Cola's 146,000 employees to think like they are "owners." The difference between the two companies will increase the size of its initial public offering by 25 percent.

CEOs often say such things, but Kent clearly means it. That's one of the reasons why Coca-Cola has been raising as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make money. Ken Levine, creative director of Irrational Games, the developer of “BioShock,’’ said the social networking company is drumming up massive demand for the offering.  When I ask him how much cash he has on hand he will be the third installment in the popular series.

Facebook raised the target price range to $34-$38 per share in response to strong demand, from Kent's smarter ideas was 2010's $12.3 billion acquisition of the North American  bottling operations of Coca-Cola Enterprises, according to a Tuesday filing.




 Coca Cola, Facebook, Take Two Interactive 



CO       Jonathan, B. Coca-Cola CEO Muhtar Kent aims high. (http://money.msn.com/top-stocks/post.aspx?post=ee3be641-f434-413c-9f1d-ab9b952d5b22)
FB        Olivia, O., (2012, Facebook boosts IOP size by 25 percent, could top $16 billion), New York/San Francisco, Wed May 16, 2012. (http://www.reuters.com/article/2012/05/16/us-facebook-shares-idUSBRE84F02320120516)
T2        AP Persoanl Finance Writer, (2012, Take-Two delays 'BioShock Infinite' to February, May 9, 2012. (http://articles.boston.com/2012-05-09/business/31643333_1_bioshock-development-studio-delays)

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