Category: News

  • No Google Antitrust Decision Until After Summer Break [Report]

    It’s looking like this Google antitrust thing won’t be resolved anytime soon in Europe. Reuters is reporting that EU antitrust chief Joaquin Almunia said that the European Commission can reach an agreement after the summer break.

    “We can envisage this as a possible deadline,” he’s quoted as saying. As Reuters notes, the Commission is closed for summer break throughout most of August, so it sounds like we won’t be seeing any resolution before then.

    Several weeks ago, Almunia said Google had submitted its settlement proposal. The details of this have not been made public. At the time, Bloomberg reported:

    Google sent a “detailed proposal,” said Antoine Colombani, a spokesman for Almunia. He said he couldn’t anticipate if the offer was sufficient to allay antitrust concerns or whether it would be sent to rivals and customers for comments. If this market test is successful, the EU can make the commitments legally binding. Such a settlement would avoid possible fines against the Mountain View, California-based company.

    Google, of course, settled its antitrust issues in the U.S., ending a lengthy probe by the FTC, which found that Google’s search business was not anticompetitive. Google did make a couple voluntary concessions.

  • New Research: What Yahoo Should Know About Good Managers and Remote Workers

    Yahoo’s impending roundup of its free-range employees reflects a deep corporate ambivalence toward telework. Yes, companies like giving employees the much-appreciated right to work at home, but can a worker really contribute productively to a team while sitting on the couch in her pajamas? My own recent research shows that managers aren’t wrong to worry: In an experiment, I found that mixed teams of remote and in-office workers are less productive than 100%-in-office teams.

    But what Yahoo and other companies may not realize is the powerful role that employees’ perceptions play in the productivity of mixed teams. My research suggests that it’s possible to maintain these teams’ productivity — if they’re properly managed. And I’m not talking about managing work, per se. I’m talking about managing beliefs.

    But let me back up a bit.

    At one time, some people thought telework was going to be the way we all did our jobs. Studies showed that working remotely increases employee satisfaction and makes people more productive by eliminating interruptions and distractions. But the work-wherever movement is now being counterbalanced by a trend toward collaboration-friendly workplaces. As cubicles give way to bullpens and other types of open-plan workspaces, companies want their employees to show up and start collaborating. That seems to be what’s going on at Yahoo: The company says it wants to increase “communication and collaboration.”

    But do you really have to bring the teleworkers in off the range in order to increase collaboration? No one had really looked at that question in a scientific way.

    So along with Krista Jabs Saral of Webster University Geneva, I conducted a series of experiments in which we allowed research participants to work in an office-like laboratory environment or in the location of their choice. They were organized into three-person teams and paid according to the teams’ output on the task of decoding strings of letters.

    We found that individual effort was highest in the 100%-in-house teams. The addition of remote workers reduced the in-house workers’ exertion.

    And why did the in-house people reduce their effort when a teleworker was added to the team? Because they believed that the teleworkers were less productive. Which wasn’t true, by the way. We found no evidence that the teleworkers were shirking.

    The implication is that teams containing teleworkers would benefit from knowing that remote members are working just as hard as everyone else. Managers can play a role in this, providing data about teleworkers’ productivity. Our research indicates that if team members know that all other members are working hard, the negative effect of including teleworkers in teams goes away.

    So companies don’t have to get caught in a tug-of-war between letting their employees work remotely or forcing them to come to work and collaborate. Collaboration can happen even among in-house employees and teleworkers. It simply takes a different managerial skill set.

    That should be good news for knowledge companies, because my previous work shows that there are times when the home — or the coffee shop or the library — is a much better place to work than the office. For certain types of creative work, you have to be in your favorite room, or listening to your favorite music, or sitting in your favorite chair with your cat on your lap. No other environment will do.

    And when it’s time to collaborate, you can pick up the phone or go on Skype and rejoin your colleagues. It’s all a matter of balance.

  • Closure for Linux Review

    Closure is an indie game, developed by the Eyebrow Interactive studio, that is good at doing one thing, and that is showing why we like indie games in the first place.

    The indie game industry is now booming and more independent studios are making their mark on the gaming community. The rise of Internet 2.0 offered an unexpected helping hand for the develope… (read more)

  • Break Your Addiction to Meetings

    Manager, noun.

    Textbook Definition: An individual who is in charge of a certain group of tasks, or a certain subset of a company. A manager often has a staff of people who report to him or her.

    Modern Translation: An individual who races through the halls in a frantic attempt to make the next meeting on time while also answering e-mails on his or her mobile device.

    A few of you may adhere to the textbook definition of “manager,” and if so, kudos to you. But most managers no longer have any time to manage the people who report to them.

    If you’re a manager caught in the frustrating cycle of frequently canceling one-on-one’s, delegating poorly, and feeling out of touch with your team, you probably already feel bad enough. I’m not here to make you feel worse. But I do want to encourage you to start taking steps to not only fulfill your own responsibilities, but also to develop an awesome team. These strategies come from my time coaching work with managers on how to more effectively lead their teams — without working more hours.

    You can’t give other people what you don’t have. So if you’re confused and scattered, your team will be too. You need to make time to get clear on what you want to achieve out of every interaction; this means spending more time on priorities, prep, and follow-up, and less time in meetings. Reducing your meeting time so you have more time to think strategically will require a group effort, but you can make it happen with some simple strategies.

    First, reduce the number of meeting invitations you accept. Ask yourself whether you’ve fallen into the common trap of looking at your calendar as a popularity contest. Do you measure your value by how many meetings you’ve been invited to? Going to a lot of meetings may make you feel important, but it’s not a good way to allocate your time. Before accepting a meeting invite, ask yourself, “Do I really need to attend?” If the answer is “no,” decline the meeting or use one of these less time-intensive strategies:

    • Ask for a pre-meeting look at the agenda so you can pass on your comments to the facilitator to share. (Bonus: this may force the facilitator to actually make an agenda!)
    • Send someone else from your group to communicate your team’s position.
    • Request a copy of the meeting notes after the fact.

    If you still struggle with feeling guilty or possessive about turning down any meeting requests, reframe the question this way: “If I was sick on the day of this meeting, would it need to be rescheduled?” If you answer, “No,” there’s a good chance you don’t need to attend. If you do need to go to quite a few meetings, but only to give strategic input, not to assist with tactical implementation, then request your part of the discussion happen at the beginning of the allotted time. Following that part, excuse yourself from the discussion.

    Second, reduce the number of meetings you schedule — and reduce their length. Do you schedule meetings where you spend most of the time talking — perhaps giving “updates” to a room of people subtly checking their phones? Do you default to scheduling hour-long meetings (or longer)? If so, you need to reprogram your default response of “when in doubt, schedule a 60-minute meeting.” Here’s a decision-tree that you can use as an effective replacement strategy:

    meetingtree.gif

    Your new default should be to choose the least “costly” time investment that still accomplishes the end goal. Don’t schedule a meeting for something that you can solve in a phone call, and don’t make a phone call for something that can be communicated in an e-mail. If you must schedule meetings, challenge yourself to make them leaner. Try out 30-minute or even 15-minute meetings, and set a goal to finish early. If you find you consistently need more time, you can increase the meeting length in the future, but often with increased focus, you won’t need it.

    Once you are modeling good meeting etiquette, ask your direct reports to follow good meeting procedure, too:

    • Don’t schedule meetings for FYI items that you can communicate via e-mail. Only use meetings for discussions and decisions that must happen with a team, in real time.
    • Send a clear agenda when you send the meeting invitation — not two minutes before the meeting — so it’s easier for everyone to tell whether they need to attend.
    • Designate someone to take thorough notes on the discussion, the decisions, and the rationale behind those conclusions. Circulate those to your manager, and anyone else who might need to be in the loop — but doesn’t need to come to the meeting.

    Finally, keep your calendar clear by blocking in work time. Seize the freed-up time before it evaporates. As you transition from a reactive state to a proactive state, you might feel a little disoriented with all your new-found time. But now that your calendar isn’t so full of “busyness,” you can fill it up with actual business. Do so quickly, before work expands to fill the time available. Set aside time for e-mail, meeting prep, one-on-ones with direct reports, and strategic thinking time. Keep your commitments to yourself in the same way that you would with someone else so that you (and others) can trust you to get things done — and on time.

    By cutting down on the number of meetings you’re in, you’ll free the people around you to make reasonable choices without always looking to you for input. That will automatically reduce the number of meetings you need to attend, and instill more confidence in your team. And if you’re using that time to shape strategy and set clear priorities, your team will make the right decisions — whether or not you’re in the room.

  • Google Makes Apps For Nonprofits Free To All

    Google announced that Google Apps for Nonprofits is now free for all nonprofits. Before, the free version was only available for nonprofits with less than 3,000 users.

    “Now, whether your nonprofit is 10 people or 10,000, you are eligible to start using Gmail, Calendar, Drive and more,” says Katie Kellogg with the Google for Nonprofits team.

    “Google Apps for Nonprofits allows your organization to reduce IT costs and helps your team collaborate more effectively,” says Kellogg. “The suite of tools uses cloud computing to securely store and update documents, calendars and email in real-time – meaning you can access data anywhere, anytime. Google manages all of the updating and maintenance in the cloud, so you’ll never be required to install hardware or update software. And if you need help, we have a 24/7 support team available.”

    New users can join the Google for Nonprofits program here. Google will then send instructions on how to enroll. There’s also a guide here.

    In other Google/nonprofit-related news, Google.org is donating millions of dollars for increased access to the Internet in emerging markets.

  • The Onion Apologizes For Quvenzhané Wallis Tweet

    [Warning: one possibly offensive word appears in this article]

    On Sunday night, while the movie industry was celebrating its biggest night, satirical publication The Onion started a Twitter-tantrum by posting a no-holds-barred tweet meant to shock docile red carpet watchers. The tweet involved nine-year-old Quvenzhané Wallis, who was up for an Academy Award for Best Actress for her performance in Beasts of the Southern Wild. The tweet was vulgar and quickly deleted, but read:

    Everyone else seems afraid to say it, but that Quvenzhané Wallis is kind of a cunt, right? #Oscars2013

    The tweet was obviously meant to be shocking, but it seemed to have touched that American nerve that is super-sensitive to certain words, especially those that imply racism or sexism.

    Though The Onion issued the internet version of a retraction by deleting the Tweet (why bother?), the sentence had already spread and the flame war had started. Sensing the need to go even further than retraction, The Onion CEO Steve Hannah has issued an apology on the publication’s website and Facebook page. From the apology:

    On behalf of The Onion, I offer my personal apology to Quvenzhané Wallis and the Academy of Motion Picture Arts and Sciences for the tweet that was circulated last night during the Oscars. It was crude and offensive—not to mention inconsistent with The Onion’s commitment to parody and satire, however biting.

    No person should be subjected to such a senseless, humorless comment masquerading as satire.

    Hannah also stated that The Onion has put in place “tighter Twitter procedures” and that the publication is “taking immediate steps to discipline those individuals responsible.”

  • Internet Explorer 10 Finally Available On Windows 7

    After launching with Windows 8 in October of last year, Internet Explorer 10 has only been available as a release preview on Windows 7. That all changes as Microsoft pushes out the final release to all Windows 7 users starting today.

    Just like Windows 8, IE10 will reportedly speed up your browsing experience on Windows 7. Microsoft says that internal benchmarks put it about 20 percent faster than IE9. To test it out for yourself, you can try out Microsoft’s Minesweeper benchmark test. It’s built entirely in HTML5 and will measure your browser’s performance.

    IE10 is also a marked improvement over its predecessors by finally adding a number of HTML5 and related Web technologies to its repertoire. Developers and consumers now have access to the following features in IE10:

  • Create rich visual effects with CSS Text Shadow, CSS 3D Transforms, CSS3 Transitions and Animations, CSS3 Gradient, and SVG Filter Effects
  • More sophisticated and responsive page layouts with CSS3 for publication quality page layouts and responsive application UI (CSS3 grid, flexbox, multi-column, positioned floats, regions, and hyphenation), HTML5 Forms, input controls, and validation
  • Enhanced Web programming model for better offline applications through local storage with IndexedDB and the HTML5 Application Cache; Web Sockets, HTML5 History, Async scripts, HTML5 File APIs, HTML5 Drag-drop, HTML5 Sandboxing, Web workers, ES5 Strict mode support.
  • Beautiful and interactive Web applications with support for several new technologies like CSS3 Positioned Floats, HTML5 Drag-drop, File Reader API, Media Query Listeners, Pointer Events, and HTML5 Forms.
  • Improved Web application security with the same markup and support for HTML5 Sandbox for iframe isolation.
  • As for privacy, the Do Not Track signal will be turned on by default in IE10 for Windows 7, just as it was for Windows 8. Just don’t expect it to actually accomplish anything.

    You can grab IE10 for Windows 7 right now. If you want Microsoft to do the work for you, you’ll be upgraded to IE10 automatically in the coming weeks. Those who took part in the IE10 Release Preview will get first dibs, with everybody still on IE9 coming later.

  • Amazon Nabs Exclusive Rights to FX’s Justified

    Another day in February, another exclusive content grab from Amazon.

    Today, the company announced that their Prime Instant Video service will be the exclusive online streaming home to the FX hit Justified. Also part of this new deal is the now-completed FX series The Shield.

    Justified has already been available to purchase from Amazon at $1.99 an episode, but now the series will be able to be streamed by Amazon Prime customers for no additional cost.

    Justified and The Shield are two fan-favorites on Amazon,” said Brad Beale, Director of Digital Video Content Acquisition for Amazon. “We’re consistently looking for ways to make Prime even better – and one of the ways we’re doing that is adding shows like these that we know customers love. Prime members have tens of thousands of episodes of their favorite series like Downton Abbey, Falling Skies, and now Justified and The Shield, to enjoy on hundreds of devices, at no additional cost.”

    Earlier this month, Amazon made a big play for the megahit PBS series Downton Abbey. They snatched it away from competitors like Netflix and Hulu, nabbing exclusive rights to past, current, and future seasons of the show.

    A week or so later, Amazon announced that they will be the exclusive streaming home to CBS’ upcoming drama Under the Dome. Episodes of the new series, based on the Stephen King novel of the same name, will become available just three days after they air.

  • John Mara Arrested Over New Year’s Brawl

    John Mara–the 22-year old nephew of the Giants owner with the same name–was arrested and formally charged last week after the investigation of a New Year’s Eve brawl in which a man was hit over the head with a bottle and suffered serious injuries.

    Mara was released on Friday on $150,000 bond but is due in court in Westchester County, New York on March 8th, where he is expected to plead not guilty. The victim allegedly required surgery and sustained “life-threatening” injuries after the fight, which occurred at a party near Fairfield University campus.

    “He intends to address the charges in court,” Mara’s attorney, William Dow, said. “We’re confident that a jury will find him not guilty.”

    If, however, Mara is found guilty of a first degree assault charge, he could face up to twenty years in prison. At the very least, he will likely suffer disciplinary action by the school, where he is currently a student.

    “In a situation like this, not only is a student subject to any civil action but there would be an investigation from the standpoint of the school and, pending the outcome, the student would be subject to the disciplinary code of the university,” school spokesperson Martha Milcarek said.

  • Marissa Mayer Is No Fool

    Who do Yahoo’s “work@home” telecommuting champions think they’re kidding? Marissa Mayer is no fool. She didn’t take over as Yahoo’s CEO because the company was doing well; she came on board because the stumbling Internet enterprise was an underperforming underachiever that had lost its way.

    So when Mayer decrees seven months into the job that she wants people to, you know, physically show up at work instead of telecommuting — or else — I’m pretty confident this reflects a data-driven decision more than a cavalier command. In all likelihood, Mayer has taken good, hard looks at Yahoo’s top 250 performers and top 20 projects and come to her own conclusions about who’s creating real value — and how — in her company. She knows who her best people are.

    Let’s be serious: if significant portions of Yahoo top performers were “stay@home” coders, testers and project management telecommuters, do people really think Mayer would arbitrarily issue edicts guaranteed to alienate them? It’s possible. But that would imply Mayer hasn’t learned very much about her company’s best people, best performers and culture since joining last July. Most successful technical leaders I know avoid getting in the way of their best people’s productivity. But what do leaders do when even very good people aren’t being as productive as you want or need them to be? Challenging them to be better onsite collaborators hardly seems either unfair or irrational.

    The logical inference to draw from Mayer’s action is that she strongly believes Yahoo’s current “stay@home” telecommuting crowd would be significantly more valuable to the company — organizationally, operationally and culturally — if they came to work. The crueler inference is that both the real and opportunity costs imposed by Yahoo’s “work@homes” greatly exceeded their technical and economic contributions. My bet is that Mayer believes that “working@home” isn’t working for Yahoo — in both meanings of that phrase.

    Again, why should this surprise? Flailing companies shouldn’t invest more in what’s not working. The (far) more interesting counterfactual would have been a leaked memo declaring that telecommuters and virtual teams were — by far — the most agile, innovative and productive performers at Yahoo. Therefore the company would delayer its headquarters and remake itself as a virtual networked enterprise. If that had been true, Mayer would have been a different kind of teleworkplace revolutionary.

    Then again, Mayer’s Google background (and impact) suggested that she was predisposed to consider physical (co)presence as essential to digital innovation success as computational/design brilliance. After all, one key reason why Google invested so heavily in providing world-class victuals and dining experiences at the Googleplex for its employees wasn’t health food benevolence, it was to keep people on campus working together. Google explicitly encourages and designs for onsite collaboration. Why would Mayer minimize what she had experienced as a critical success factor?

    In fairness, critics such as Virgin’s Richard Branson are not wrong when they assert the cultural issues here are arguably as much a matter of trust than facilitating collaboration. But trust cuts both ways. If a CEO authentically concludes that too many “work@homes” have not lived up to their side of the productivity relationship, then the call to return to the workplace could be interpreted as an invitation to rebuild trust. (That’s nicer than simply firing them.)

    Culture matters. Ultimately, turnaround CEOs have to make the very public choice around not just how best to empower people but how best to hold them accountable. I take Mayer at her word that she wants to promote the values of “collaborative opportunism” and “opportunistic collaboration” at the “new” Yahoo. That should be a leader’s prerogative. I similarly don’t doubt Mayer knows full well that there’s no shortage of technology enabling high bandwidth, highly functional, high impact collaboration across time zones and zip codes alike. My bet is that, sooner rather than later, the truly productive/high impact employees with special needs will enjoy a locational flexibility that their lesser will not.

    But, for the moment, this CEO has done what I always thought good CEOs were supposed to do: identify unproductive “business as usual” practices, declare them unacceptable and incompatible with her cultural aspirations for the firm — and then act. I completely understand why it makes so many employees unhappy. I’m sympathetic to the changes they’re being told to make. But, on this issue for this company, my deeper sympathies belong to the CEO.

  • Fear of lock-in dampens cloud adoption

    It’s become a truism to say that data is the new gold –but that doesn’t mean there are easy answers about where to store this gold. For now, many corporate customers will hold back on full cloud computing adoption until they’re convinced that they can move their data off a given cloud as easily as they put it there in the first place. Face it: fear of vendor lock-in is not limited to the on-premises IT world and it’s time enlightened vendors get this problem in hand.

    The advent of cloud computing should make it easy to mix and match services from multiple vendors within a cloud and to let data flow in and out of parts of the clouds as needed. But that’s not necessarily the reality now.

    Bill Gerhardt, director of Cisco's internet Business Solutions group's service provider practice.

    Bill Gerhardt, director of Cisco’s internet Business Solutions group’s service provider practice.

    “When you move to cloud, you should be increasing your choices, not decreasing them. You don’t buy three on-premises apps but you can use three services from three vendors in the cloud,” said Robert Jenkins, co-founder and CTO of Cloud Sigma, the Zurich-based cloud provider.

    Bill Gerhardt, director of Cisco Systems’ internet solutions group’s service provider practice, agreed. “We need to sort out data portability. Customers ask: ‘If I give you all this data, how do I retrieve that data if I want to go somewhere else? Many cloud companies don’t have a clear exit route.”

    Robert Jenkins, CTO of Cloud Sigma.

    Robert Jenkins, CTO of Cloud Sigma.

    It’s a fact of life: Cloud vendors have a vested interest in making it drop-dead simple and cheap to put your data on their respective clouds. If you don’t believe that just witness the price war that Amazon, Google and Microsoft are waging on cloud storage. Those vendors obviously hope once your data is in their grasp, they can up-sell you on pricier higher-level services. And, they don’t necessarily see the value in making the return trip so easy and that’s what has people spooked.

    “It’s not just privacy and security. It’s also — if I change my mind or it doesn’t work out, how do I move on? This is an issue that’s prevalent in public cloud but in the era of big data it’s becoming quite an acute big problem,” Jenkins said.

    “If you put a ton of data up there, the time and expense to manually stream it out can be very painful,” Jenkins added.

    It’s fairly straightforward to move things off a bare-bones infrastructure as a platform. But not so easy when higher-end services get layered atop the platform. Even Amazon fans worry that the edition of Amazon’s Simple Workflow Service and other add ons create barriers to exit.

    There have been the requisite attempts to build standards to neutralize cloud lock-in but to date not much has happened on that front.

    There aren’t easy answers to this problem but Jenkins, Gerhardt and I will discuss it, along with data privacy and other concerns at GigaOM’s upcoming Structure: Data conference in New York March 20-21.

    Feature photo courtesy of Flickr user Moyan_Brenn

    Upcoming: What’s your best route to the cloud?, Feb. 27, 10 AM PST. More upcoming webinars.

    Related research and analysis from GigaOM Pro:
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  • Netflix Looks to Crown the Best PMS Drama, Best Bromance, and More with The Flixies

    Netflix is looking to “honor the ways you really watch Netflix” by giving out awards to films and TV shows in some untraditional award categories.

    The company has just launched The Flixies, just two days after the Academy Awards, and they want you to vote on which program available on Netflix Instant is the best in categories like “Best Guilty Pleasure” and “Best Hangover Cure.”

    Each category contains 12 pre-selected titles to choose from. For instance, the “Best Bromance” category features titles like Commando, Act of Valor, Warrior, Snatch, and Top Gear. The “Best Hanover Cure” category let’s you vote on titles like Ferris Bueller’s Day Off, How I Met Your Mother, Archer, and Arrested Development.

    The full list of categories are: Best Tantrum Tamer, Best Commute Shortener, Best Guilty Pleasure, Best TV Marathon, Best PMS Drama, Best Bromance and Best Hangover Cure. Clearly not your traditional award categories.

    You can cast your vote today, and everything ends on March 10th. Anyone can vote for The Flixies – both Netflix members and non-members (as long as they reside in countries where Netflix is available). While you’re voting, you can also suggest new Flixie categories that accurately represent the different ways that you’re streaming content on Netflix.

  • Wii Mini Coming to the U.K. on March 22

    Sales of Nintendo‘s Wii U haven’t haven’t been quite as high as the company had been hoping. In January, fewer than 100,000 Wii U’s were sold worldwide and Nintendo recently revised down its quarterly sales estimates.

    So what’s Nintendo to do now that it appears to have a console flop on its hands? It could release exclusive games, of course, and the company did announce an exciting lineup at the end of January, but that doesn’t solve the problem in the near-term. There’s simply no compelling reason (other than maybe LEGO City Undercover) to buy a Wii U until titles such as the Yoshi Yarn game, Bayonetta 2, and the mysterious “X” are out.

    In the meantime, it appears that Nintendo will be leaning on its consoles that have actually sold well. More specifically, Nintendo today announced that the redesigned Wii Mini will be released in the U.K. on March 22. The red, top-loading console was released in Canada last holiday season.

    Despite the slim design of the box, the Wii Mini comes with a huge drawback: it has no Wi-Fi, and no other way to connect to the internet. That means no Virtual Console and no online Mario Kart. The Wii Mini is only for consumers who are fine with local multiplayer only, or who are only looking to catch up on the Wii’s singe-player experiences, such as Mario and Zelda titles or Xenoblade Chronicles.

    In conjunction with the console announcement, Nintendo has also announced that it is adding new games to its Nintendo Selects titles. Mario Party 8, Wii Sports Resort, Mario Power Tennis, and Super Paper Mario will be available at the Nintendo Selects price when the Wii Mini launches.

  • TPG Buys Publicly Traded Assisted Living Concepts

    TPG is buying Assisted Living Concepts Inc., a Wisconsin-based operator of housing for senior citizens. Assisted Living’s Class A shareholders will get $12 per share while Class B shareholders will get $12.90 per share, according to the agreement. The transaction values Assisted Living at about $278 million according to the number of Class A and Class B shares the company had on Oct. 31.

    PRESS RELEASE
    Assisted Living Concepts, Inc. (NYSE:ALC) (“ALC”), a Wisconsin-based operator of 210 senior living residences in 20 states, today announced that it has entered into a definitive agreement to be acquired by TPG, the global private investment firm.

    Under the terms of the agreement, ALC stockholders will receive $12.00 in cash for each share of Class A common stock. In accordance with the ALC charter, based on the Class A per share merger consideration, holders of ALC’s Class B common stock will receive $12.90 in cash per share. The agreement was unanimously approved by ALC’s Board of Directors and a Special Committee of the Board of Directors formed in connection with the exploration of strategic alternatives.

    “We are very pleased with the transaction,” stated Mr. Mel Rhinelander, chairman of the Special Committee. “The acquisition represents a significant premium for our shareholders, and we also believe that TPG will help continue ALC’s focus on high quality service and care for our residents.”

    The closing of the transaction is conditioned upon, among other things, affirmative votes of ALC’s stockholders, including a majority of the holders of its Class A common stock (excluding certain affiliated holders), the receipt of customary regulatory approvals and other customary closing conditions. The transaction is not subject to a financing condition.

    Citigroup Global Markets, Inc. acted as financial advisor to the Special Committee, and Cravath, Swaine & Moore LLP acted as independent legal counsel to the Special Committee. Goldman, Sachs & Co. acted as financial advisor to TPG, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to TPG.

    About ALC

    Assisted Living Concepts, Inc. and its subsidiaries operate 210 senior living residences comprising 9,313 resident units in 20 states. ALC’s senior living residences typically consist of 40 to 60 units and offer a supportive, home-like setting. Residents may receive assistance with the activities of daily living either directly from employees or through our wholly owned home health subsidiaries. ALC employs approximately 4,600 people.

    About TPG

    TPG is a leading global private investment firm founded in 1992 with $54.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, São Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. The firm’s investments span a variety of industries including real estate, healthcare, financial services, travel and entertainment, technology, energy, industrials, media and communications, retail and consumer. For more information, visit www.tpg.com.

    Important Information and Where to Find It

    ALC plans to file with the Securities and Exchange Commission (the “SEC”) and mail to its stockholders a proxy statement regarding the proposed acquisition of ALC by TPG. Investors and security holders are urged to read the proxy statement relating to such acquisition carefully and in its entirety, including any other relevant documents filed with the SEC and incorporated by reference in the proxy statement, when they become available because they will contain important information. Investors and security holders may obtain a free copy of the proxy statement and other documents that ALC files with the SEC (when available) from the SEC’s website at www.sec.gov and ALC’s website at www.alcco.com. In addition, the proxy statement and other documents filed by ALC with the SEC (when available) may be obtained from ALC free of charge by directing a request to Assisted Living Concepts, Inc., c/o Investor Relations, W140 N8981 Lilly Road, Menomonee Falls, WI 53051-2325.

    Certain Information Regarding Participants

    ALC, its directors, executive officers and certain employees may be deemed to be participants in the solicitation of ALC’s security holders in connection with the proposed acquisition of ALC by TPG. Security holders may obtain information regarding the names, affiliations and interests of such individuals in ALC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, which was filed with the SEC on March 12, 2012, and its definitive proxy statement for the 2012 Annual Meeting of Stockholders, which was filed with the SEC on March 23, 2012 and amended on June 22, 2012. Additional information regarding the interests of such individuals can also be obtained from the proxy statement relating to the proposed acquisition of ALC by TPG when it is filed with the SEC. These documents (when available) may be obtained free of charge from the SEC’s website at www.sec.gov and ALC’s website at www.alcco.com. This announcement does not constitute an offer or any solicitation of any offer, to buy or subscribe for any securities.

    Safe Harbor Statement

    Statements about the expected timing, completion and effects of the proposed merger, and all other statements made in this news release that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “continuing”, “believe” or “project”, or the negative of those words or other comparable words. Any forward-looking statements included in this news release are made as of the date hereof only, based on information available to ALC as of the date hereof, and, subject to any applicable law to the contrary, ALC undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are not a guarantee of future performance and are subject to a number of risks, assumptions and uncertainties that could cause ALC’s actual results to differ from those projected in such forward-looking statements. Such risks and uncertainties include: any conditions imposed on the parties in connection with consummation of the transaction described herein; approval of the merger by ALC’s stockholders; the ability to obtain regulatory approvals of the transactions contemplated by the merger agreement on the proposed terms and schedule; the failure of ALC’s stockholders to approve the transactions contemplated by the merger agreement; ALC’s ability to maintain relationships with customers, employees or suppliers following the announcement of the merger agreement; the ability of the parties to satisfy the conditions to closing of the transactions contemplated by the merger agreement; the risk that the transactions contemplated by the merger agreement may not be completed in the time frame expected by the parties or at all; and the risks that are described from time to time in ALC’s reports filed with the SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2011, filed with the SEC on March 12, 2012, in other of ALC’s filings with the SEC from time to time, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and on general industry and economic conditions.

    The post TPG Buys Publicly Traded Assisted Living Concepts appeared first on peHUB.

  • New Jersey Gubernatorial Candidate Speaks Out Against The Six Strikes Program

    It was widely reported that the Copyright Alert System was “turned on” yesterday. The CAS, or more widely known as six strikes, detects the illegal sharing of copyrighted materials over P2P networks and alerts users via their ISP. There are a few glaring problems with it, but inaction on the part of government suggests lawmakers are fine with it. One politician, however, has recently spoken up against it.

    Carl Bergmanson, the Gubernatorial Candidate in New Jersey, recently said that the six strikes policy was no good for the Internet or consumers:

    “The internet has become an essential part of living in the 21st century, it uses public infrastructure and it is time we treat it as a public utility. The electric company has no say over what you power with their service, the ISPs have no right to decide what you can and can not download”.

    Bergmanson says that he doesn’t condone piracy, and added that he finds it unethical. That being said, he says that piracy is a result of bad laws.

    “…it is not surprising that as the law evolves to disrespect the public domain, that the public would grow to disrespect copyrights.”

    I think we can add fair use to the number of things that laws continue to “disrespect” that lead people to piracy. The Internet has changed the consumer/provider dynamic, yet the content provider refuses to update their business model to reflect this new reality.

    Aside from the argument against more restrictive copyright laws, it’s far more interesting to see Bergmanson address the idea of the Internet being a public utility. Some of the Internet’s most outspoken proponents have suggested such a reclassification in order to ensure that more people get access to affordable Internet. It’s not going to happen anytime soon, however, as major telecommunications companies have powerful lobbying arms.

    All that being said, Bergmanson and his ideas will probably not see the light of day in New Jersey. Current governor Chris Christie is a local favorite, and he has the support of some powerful people in the Internet business if his recent fundraiser hosted by Facebook founder Mark Zuckerberg is any indication.

    [h/t: TechDirt]

  • Top BlackBerry 10 Accessories for Life on the Move

    (Originally posted on the Inside BlackBerry for Business Blog)

    If you’re like me, you’ve got a sweet spot for the latest sleek and functional accessories that help bring your technology to life. Over the years I’ve collected holsters, pockets, docks, adapters, chargers, and more in order to make my life easier at home and on the road. Today we’re showcasing the incredible new line up of accessories that have been designed specifically for the BlackBerry Z10 smartphone. Check out the video below for the full scoop:

    [ YouTube link for mobile viewing ]

    Head over to ShopBlackBerry.com or hit your local retailer to get a hold of these awesome accessories, and share your favorite in the comments below!

  • Let’s Move Anniversary News: Recipe Partnership Makes It Easy for Families to Eat Healthier at Home

    Michelle Obama Cooks with Robin Roberts on Good Morning America

    First Lady Michelle Obama joins Robin Roberts and Chef Marcus Samuelsson on Good Morning America.

    (by Good Morning America)

    Ed. note: this post was originally published on the official Let's Move website. You can read it here

    MyPlate is one of the easiest ways to learn about healthy eating. It's simple to look at the icon and recognize how to pile up your own plate. But can you cook with it? Mrs. Obama thinks so. Today, the First Lady joined Robin Roberts and Chef Marcus Samuelsson on Good Morning America to announce a new partnership that highlights healthier recipes that align with MyPlate. 

    Your favorite recipe sites — and Pinterest, an online tool millions use to find the inspiration for their lives– have teamed up with the Partnership for a Healthier America (PHA) to make it easier to find healthier recipes online. Each of the sites will indicate which of their recipes meet nutrition guidance from the US Department of Agriculture, meaning you can now find delicious MyPlate-inspired recipes on the sites you already visit for cooking inspiration. Thousands of recipes will also be featured on new Pinterest boards that launched today. This one-stop-shop for home cooks will give parents the information and tools they need to make healthy choices for their families.

    "As a mom, I know how challenging it can be to think of new meal ideas that your kids will like and that will be good for them,” said First Lady Michelle Obama. “This partnership takes the guess work out of finding healthier recipes and gives parents the information and the tools they need to make healthy choices for their families every day.”

    read more

  • Seattle-based Lighter Capital Adds Molly Gregg

    Lighter Capital has named Molly Gregg Otter as vice president. Otter was previously a vice president at AEA Investors. Lighter Capital is based in Seattle.

    PRESS RELEASE

    Lighter Capital, a pioneer of the revenue-based financing model, today announced the appointment of Molly Gregg Otter as Vice President.

    Prior to joining Lighter Capital, Otter was a Vice President at AEA Investors LP, one of the oldest private equity investment firms in the United States with more than $5 billion in assets under management, where she played a key role in closing the first mezzanine fund and worked to establish the organization’s four mezzanine and senior debt funds investing directly in middle market companies. She evaluated lending to hundreds of companies and was directly involved in over 25 portfolio investments while serving as a member of the team.

    Earlier in her career, Otter worked as an Associate at American Capital Strategies, a business development corporation. Prior to American Capital Strategies, she was at GSC Partners where she worked as a generalist, evaluating and making investments in their private equity, collateralized debt obligations, and distress debt funds.

    “Molly is a rare financial talent who will play a pivotal role in shaping the future of our lending practices,” said BJ Lackland, CEO of Lighter Capital. “She will have a strong influence on how we manage and scale our high volume, next-generation credit evaluation systems and processes. I’m looking forward to working closely with Molly to build upon our early success and to provide small businesses rapid access to the capital they need.”

    Lighter Capital and Revenue-Based Financing is intended for early-stage businesses that have established success and are primed for growth, but are cash-constrained and need access to capital with no loss of control and no fixed repayment schedule. Lighter Capital has developed a software platform to automate the investment application and evaluation process, accelerating the loan process for entrepreneurs, while also improving Lighter Capital’s scale and investment returns.

    “Lighter Capital is not only forging an alternative funding option for small businesses, but it’s also disrupting the traditional investment methodology by ushering in the Capital-as-a-Service approach,” Otter said. “I’m excited to be part of the Lighter Capital team and for the opportunity to introduce new technologies and much needed change to the small business financing industry.”

    About Lighter Capital

    At Lighter Capital, we’re breaking down the barriers to small business growth funding. Our revenue-based finance model exchanges growth capital for a fixed percentage of the company’s revenues. This structure is more flexible, easier, and faster than traditional lenders, making us “lighter” than the marble and mahogany of the antiquated banks. Since late 2010, Lighter Capital has funded a range of businesses – from goat-milk ice cream to Software-as-a-Service – all excellent businesses that have been overlooked by traditional banks and venture capitalists. Lighter Capital is a venture-backed, non-bank investor of its own funds, not a broker or intermediary.

    The post Seattle-based Lighter Capital Adds Molly Gregg appeared first on peHUB.

  • Brickell Biotech Raises $7M Series B

    Brickell Biotech Inc., a development-stage pharmaceutical company focused on treating skin diseases, has raised $7 million in Series B financing. The round was led by AMOREPACIFIC Ventures, part of the Korean cosmetic company AMOREPACIFIC. Other investors include Palisade Concentrated Equity Partnership II, L.P., a private equity fund managed by Palisade Capital Management.

    PRESS RELEASE
    Brickell Biotech, Inc. (“Brickell”), a development-stage pharmaceutical company focused on the development of innovative drug therapies for the treatment of skin diseases, today announced a $7 million Series B financing round. Brickell’s current pipeline includes new chemical entities in dermatology for indications including acne, atopic dermatitis, and hyperhidrosis.

    The Series B is led by a new strategic partner, AMOREPACIFIC Ventures of AMOREPACIFIC Group, the largest cosmetic and aesthetics company in Korea (“AMOREPACIFIC”). Also participating in this round are existing investors, including Palisade Concentrated Equity Partnership II, L.P., (“Palisade”) a private equity fund managed by Palisade Capital Management, L.L.C., and others. The funds from this financing round will be used to support the further development of novel compounds in Brickell’s pipeline from pre-clinical proof of concept through clinical testing. Under the terms of the agreement, AMOREPACIFIC will also obtain an option to first negotiate an exclusive license to market two of Brickell’s novel compounds in the Republic of Korea.

    “AMOREPACIFIC’s investment in Brickell is a validation of our efficient drug development model,” said Brickell President, Reginald Hardy. “We look forward to working with AMOREPACIFIC and our other investors and partners as we move forward with the development of these novel, first-in-class dermatology compounds, which hold great promise for the marketplace.”

    “We share Brickell’s view that there is a significant need for new therapeutics in the field of dermatology,” said Paul Kang, Managing Director, of AMOREPACIFIC Ventures. “We are impressed with Brickell’s leadership team and we are pleased to partner with them as they continue to develop a pipeline of innovative compounds.”

    Brickell Biotech was founded in 2009 by an executive team with a proven track record of success in drug development and in dermatology. In addition to Reginald Hardy, who has successfully built and sold a number of early stage development companies, including Concordia Pharmaceuticals (acquired by Kadmon Corporation) and Sano Corporation (acquired by Elan), the company is led by David Angulo, M.D., Vice President, Research and Development, formerly Head of Clinical Research at Glaxo/Stiefel; Andrew Sklawer, Vice President, Operations, formerly Head of Operations at Concordia Pharmaceuticals; and Charles Betlach, Ph.D., Vice President, New Products, formerly Head of Research at SANO Corporation.

    Brickell has a distinguished Board of Directors chaired by George Abercrombie, formerly President and CEO of Hoffmann-La Roche, as well as an active Advisory Board comprised of experienced dermatologists and drug development and regulatory advisors.

    “Most companies in the dermatology space have focused on reformulating available products, leaving a void of new, breakthrough technologies to treat many highly prevalent skin conditions,” said David Angulo, M.D., Vice President, Research & Development. “That’s where Brickell comes in. We are committed to – and experienced in – efficiently developing a portfolio of novel and viable treatment alternatives that will be welcomed in the marketplace.”

    Roberts Mitani served as advisor for AMOREPACIFIC Ventures.

    About Brickell Biotech

    Brickell Biotech, Inc. is a development-stage pharmaceutical company focused on the acquisition, development and commercialization of innovative drug therapies for the treatment of skin diseases.

    Founded in 2009 by a team of experienced pharmaceutical executives, Brickell’s development strategy includes rapidly and cost effectively developing product candidates; exploring strategic partnerships; maintaining a diversified product portfolio that addresses unmet medical needs; and leveraging professional relationships with thought leaders and contract research organizations in the pharmaceutical industry. For more information, visit www.brickellbio.com.

    About AMOREPACIFIC Ventures
    AMOREPACIFIC, based in Seoul, South Korea, is one of the leading cosmetic and aesthetics companies in Asia, with annual turnover of approximately $3 billion. AMOREPACIFIC Ventures, the corporate venture fund of AMOREPACIFIC, focuses on innovative technologies in beauty and aesthetic area. www.amorepacific.com.

    About Palisade Capital Management, L.L.C.
    Palisade Capital Management, L.L.C., founded in 1995, is an SEC-registered investment adviser with approximately $3.6 billion of assets under management. Palisade manages assets on behalf of institutional clients and high net worth individuals. The firm manages institutional investment strategies focused on small-cap core equities, small-, smid-, and mid-cap growth equities, long-only convertible securities, convertible arbitrage, long/short equities, and private equity. The firm also provides comprehensive investment management services for individuals. Palisade Concentrated Equity Partnership II, L.P. is one of four private equity funds managed by the firm. Palisade is located in Fort Lee, NJ and also maintains offices in Palm Beach, Florida and Del Mar, California.

    The post Brickell Biotech Raises $7M Series B appeared first on peHUB.

  • Google Subscription Music Service Coming In Third Quarter [Report]

    Rumors persisted throughout this past weekend that Google is working on a subscription music service that would take on Spotify, Pandora and the like.

    Bloomberg has since put out a report, citing two people with knowledge of the situation, that Google does indeed plan to do so, that negotiations are under way with major record labels, that the service will work with both Android and non-Android devices, and that the “worldwide service” is targeted for the third quarter. The report also says Google is discussing the renewal of deals for the use of songs in consumer-made YouTube videos.

    Obviously Google doesn’t comment on “rumor and speculation”.

    Such a service from Google would complement Google Play Music and YouTube quite nicely, basically eliminating the need for users to use Spotify or Pandora, provided that they prefer the Google experience. Of course, that will not necessarily be the case. People seem to be liking these services just fine, and Spotify’s heavy integration with Facebook seems to be a hit on the social level. Google still can’t really compete there (unless of course, they do tap into Facebook’s Open Graph).

    Either way, such an offering will give people more reason to turn to Google for their music needs, and it will be interesting to see how the competition shakes out. Those deals with labels will obviously be of vital importance.

    Meanwhile, it has been said that Spotify will try to negotiate with labels to make its free streaming service available on mobile devices, which would make the service all the more attractive of an option for users who aren’t willing to pay.

    Google’s Google Music offering recently got music matching capabilities.