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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