Académique Documents
Professionnel Documents
Culture Documents
.Forinstance,NewsCorp HasliabilityforanadditionalClaytonActSection8violationwhereits AllegedthedamagesforitsbidriggingwithGoogleofMySpacessearchauction In2005hasupto$96billionindamagesbothcompaniesareonthehookfor. 1) NewsCorpsLesHintonpublishesfabricatedbookthruNewsCorpemployee JuliaAngwintocoverupcrimes. AlsoHintonandGoogleCEOSchmidtgetkickoutofdescribing GENTLEMENSBILATERALAGREEMENTbetweenFox&Googlein AmoreexcitinghandshakedoneviaPromisemeinBlood 2) 2003GoogleapproachesandpaysMySpace/eUniverseCEOto helpGooglelaunchAdSense Slide3EvidencethereisnoTomfounderofMySpace.ItstheCEOGoogle Askedforhelpmonthsearlierinslide(2)thatsalsoleadingcreationandcreated MySpacewithitslaunchinAugust2003 Slide4NewsCorphascriminalliabilityforcoveringupaschemebytheVentureCapitalfund VantagePointPartnersin2003againsttheMySpaceFounder.Inthis Scheme,afabricated/fakeDirectorisinsertedontotheBoardthrudeceptionand OnceonMySpace/eUniverseboard,theMySpacefounderisoustedthrumoresecurityfraudthat damagesothershareholder. Slide5MySpacefounderresignsratherthencommitfraudagainstshareholdersthatisusedtohand controlofpubliccompanytoVantagePointPartnersCarlick,WhoisalreadyaDirectorwithGeoff YangofRedPoint.BotharealreadymastermindingschemetotakecontrolofMySpace/eUniverseand handoverTheupsideatbelowmarketcosttoAskJeeves,Inc.wheretheyplottheschemeStartingin early2004. Slide6May2005,Myspacefounderstilla10%shareholdernotifiespublic CompanytheCEOiscommittingfraudandsendsWhistleblowerletter. Thecompanyrefusestodisclosethecrimetothepublicandinsteadhatchaschemetosell MySpace/eUniversebelowfairmarketpriceandwithoutandauctiontoNewsCorp. Slide7MurdochmakesGrandBoardinFTinterviewin2006:
Claims,competitorsandthemedia+analystswhenNewsCorpbought MyspaceSeptember30,2005wasattackedmeforpayingtoomuch ($650M) However,Murdochisonlyabletolieandgetawaywithitbecause HislawfirmHoganLovell+JPMorganagreetoignoresecuritieslaw AndnotturnoverevidenceinCAStateCourtinthe2006ClassAction ByMySpaceshareholdersthatwouldrevealJPMorganhadproduced AvaluationreporttoMurdochandNewsCorpboardJune2005 ShowingMySpacebyitselfwasalreadyworthapproximately$1.4Billion Dollars. Slide811NewsCorptocinchthebargainbuyoutagreestopayacash Bribetocertainmanagersoftheacquisitiontarget.Togetherthey Worktofabricateandlietopublictohide$75millionincashthat Isneverdiscloseduntillate2009intheMySpaceFederalClassAction Case. Slide1217NewsCorp,Google,KPC,thenworktorigthe MySpace/eUniversesearchengineauctionandthecurrenteffort ByYahootowinafairbiddingcontest. theCEOoftheparentcompanyofMySpace,RichardRosenblatt willinJune2010befoundbyJudgeKingtobeguiltyofrigging saleofthecompanytoNewsCorp. However,JudgeKingneverconsiderstheSearchEngineAuction goingonquietlybehindthescenesbecauseRosenblattalso commitssecurityfraudandcoversupthedisclosureand thenspikesYahoosefforttocloseadeal,delayinganynew searchenginepartnershipuntilafterthecompanyissoldto NewsCorp. Slide18RossLevinsohnbestdescribedasthehenchmanforCEORupertMurdoch Triestocoverupthetruefactsasrecentlyas2011asLevinsohnknows hehascriminalliability.Somehowamazingly,LevinsohngetshiredatYahoo likelyasaresultofotherbribesandtheelementsofthecriminal HIGATEFederalClassActionthathasbeenongoingforyears.Itslikely YahooshareholderswilllosebillionsinupsidethruGooglegetting ItsCOOinasCEOinJuly2012.Marissaispartofthebidrigging AndcrimesdescribedhereandintheHiGateClassActionwhere toptechandsalespeopleforcedtogetreducedsalariesasaresult ofreducedcompetitionfromastringofillegalBilateralPromseMeinBloodhandshake, GentlemenAgreements,fashionedbycriminalCEOspayingthemselves theprofitsstolenoffbackoftheirhardworkingvictims.
FABRICATEDRESUMETRICKS MYSPACEFOUNDER
MySpaceFoundertriestorallyShareholderstovoteoutVCrm+Brewer+FabricatedDirector EdellSonyimplicatedincrime2004;HelphideFraudbyUsingrighttonominateaBoardmember
May16, eUniverse founder, largest shareholde r,sends WHISTLE BLOWER LETTERTO BOARDOF INTERMIX.
July19,2005HSR1VIOLATION
DECEMBER2004JULY2005CASTANDINVOLVEDTRANSACTORSLEVERAGING INTERLOCKINGDIRECTORCARLICK
Google
Serge LarryPage PaulO/Intel
TW/AOL
Cauleld (KCPLLC) Barksdale (KCPLLC) Jonathan Miller(aol ceo) Banko, (manager)
NewsCorp
JohnThornton STANSCHUMAN, Director,(Allen&Co.)
TomPerkins(KCPLLC)
ASKJEEVES
May2004,Allen&Co earns$10millionfeefor ISHacquisiSon December2004July19 (AllenCo.earns addifonal$10mselling AsktoIAC
ALLEN&CO/ N.PERETSMAN
ALLEN &CO
Kleiner, CAULFIELD Perkins
Myspace,inc
ChrisDewolfe 5thSeat RichardRosenblan GeoYang AndrewSheehan
INTERMIX,INC.
DAVIDCARLICK (CHAIRMAN)/CONTROL
SHAREHOLDER Rosenblan DanMosher
AndrewSheehan
BrenBrewer JimQuandt
GOOGLE,INC.
EricSchmidt CEO JohnDoeer (Kleiner PerkinsVC)
YAHOO
MSFT
PUBLIC
MYSPACE, INC
PaulOrtellni
AOL
JonathanMiller CEO,AOL
SergBrine
LarryPage
JohnDoerr,Partner KP
BigShareholderin Google$$$$$$$
KLEINER PERKINSLLC
$ $
TomPerkins,Partner KP
NYPOST
AllegedlyAlready friends
RossLevinsohn INTERMIX
RupertMurdoch
TomPerkins (KleinerPerkins))
JohnThornton
VietDinh
PeterChernin
NEWS CORP,INC
July20,20052daysaqerMergerAgreement WithNewsCorpsigned.70daysbeforeShareholderVote
Rosenblansdelays closingIntermixs SearchAucfon process Unflaqer September30,2005, morethen60days aqerthe2nd Meefngwithhead ofsearch
August2,2005DAYOFSEARCHAUCTIONYAHOOKEY2nDMEETING
MichaelKirbyworksforFox/NewsCorp.Therefore itappearsRosenblanisreporfngouttoFox Vs.Shareholders,60daysbeforeTransacfonisset toclose.
SimultaneouslyNegofafngcompensafonwhilerunningSearchAucfon,againshowsCEORosenblan Wasconictedandasusual,shareholdersgetshortendofsfck.NoSearchDeal.
JulyAug11,2005emailson myspacegrowth+graph
StaciD.KramerJun9,20112:00PMWhatsUpWith
MySpace(AndWhyIsntYahooInterested)?
HeoerstwocontextsfortheMySpaceacquisifon: Weboughtasocialnetworkingsitein2005beforeanyoneknewwhat socialnetworkingwasandnowlookatwheresocialnetworkingisso ifyoulookatthetrendlinewewerewayheadofthegame.Whenwe boughtit,itwasdoingabout$1millionamonth;24monthslaterwe wereonarunratetodo$500millionayear.Youdhavetosaythat wasapreAygoodtrajectory.Userswentfrom,whenweboughtit,to 70,000signupsaday(whichIthoughtwasastounding),tothemonthI leIabout450,000signupsaday.Soagain,trajectory,unbelievable. TheGoogle(NSDQ:GOOG)deal,attheSmewasamomentousdeal, almost$1billionvirtuallyalltotheboAomline.Wepaid$580million andonedealpaidforitplusandthatsnottomenSongrowing revenue.
RossLevinsohnclaimsonJune9,2011thatMySpacegenerafng$1 millionpermonthwhenNWSacquiredin2005 Vs